Senior Consultant, Business Controls

Gofractional; Toronto; On-site; CAD 85,000 - 98,000; Full time

Job summary

CIBC in Toronto is seeking a Senior Consultant, Business Controls for a 7-month contract to strengthen operational risk controls across Personal & Business Banking, with a hybrid work setup.

You will lead risk assessments, remediation, and control framework activities, collaborating with LOB partners and Internal Audit, with 2-3 days on-site and rest remote.

Qualifications

• Experience in Personal & Small Business Banking risk management and controls.
• Ability to identify control gaps and remediation plans.
• Strong relationship management with business partners and governance teams.
• Knowledge of regulatory requirements and control frameworks.

Responsibilities

• Lead management of risks and control improvements across products and channels.
• Support the Control Framework to ensure regulatory compliance and remediation tracking.
• Act as SME for risk and control; lead internal audits and regulatory exams.
• Manage deficiencies and remediation initiatives with timely closure.

Skills

Business Controlling

Client Service

Compliance Monitoring

Group Problem Solving

Project Management

Regulatory Requirements

Risk Management Assessment

Work Collaboratively

Job description

Senior Consultant, Business Controls (7 Month Contract)

What You'll Be Doing

As the Senior Consultant, Business Controls, you'll work in growing area of the bank that manages operational risk, regulatory supervision, standardized testing, sales monitoring and loss management, for Personal & Business Banking, across Canada. As part of the Governance & Controls team you'll lead the management of material, systemic and emerging risks for Personal & Business Banking LOBs (specifically Borrowing Solutions). You'll develop and implement integrated control improvement solutions across all products and channels. You'll manage key controls to mitigate operational exposures and potential losses. As a Senior Consultant, you'll provide support of CIBC's Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation. You'll act as the key relationship manager for the business.

At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 2-3 days per week on-site, while other days will be remote.

How You'll Succeed

• Relationship Building/Management: Key relationship manager and collaborative consultant with business partners, and 2nd and 3rd lines of defense for all matters relating to operational risk. Manage relationships at peer or director level, as well as project/initiative managers within the assigned Line of Business (LOB). Represent Business Controls on business initiatives.

• Risk Assessment/Remediation: Work closely with the LOB partners to proactively identify risk exposures and control gaps, to analyze and synthesize risk exposures, operational losses, root causes and control gaps and determine materiality. Propose recommendations to mitigate risk exposures/control gaps. Lead the Change Initiative Risk Assessment (CIRA) process, ensuring all material risks are identified and compliant to the CIBC CIRA policy and process. Manage all deficiencies for the LOB, ensuring closure dates are met and no deficiencies go past due. Lead the implementation of remediation plans for targeted control gaps/special projects.

• Risk Consulting: Lead the completion of all CIBC Control Framework requirements. Act as the risk and control Subject Matter Expert (SME) providing expert advice to LOB partners. Lead all Internal Audits, Compliance exams for the business. Provide ongoing management of self-assessment processes. Participate in larger more complex business, governance and regulatory projects to identify risk and control issues, recommend solutions and develop control requirements.

Who You Are

• You can demonstrate experience in Personal and Small Business Banking products and channels, with a deep understanding of key businesses and processes within the Banking Centres and Small Business. You have extensive knowledge of risk management principles, practices, policies and procedures. You understand and have the ability to communicate the Control Framework requirements (Operational Risk Profile, Scenarios, Deficiency Management, Key Risk Indicators) to LOB partners to ensure awareness, understanding of accountabilities.

• You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.

• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.

• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

Employment Details

• Location: Toronto, ON (Toronto-81 Bay, 23rd Floor)
• Employment Type: Temporary (Fixed Term)
• Duration: 7 months (Expected End Date: March 31, 2027)
• Work Arrangement: Hybrid (2-3 days per week on-site, remainder remote)
• Weekly Hours: 37.5
• Time Type: Full time

Skills Required

Business Controlling, Client Service, Compliance Monitoring, Group Problem Solving, Project Management, Regulatory Requirements, Risk Management Assessment, Work Collaboratively