Senior Consultant, Business Controls (Payment & Deposits)

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a Senior Consultant in Business Controls to lead risk management for Deposits & Payments. This role involves developing integrated control solutions, managing operational risks, and ensuring compliance with regulatory requirements. The ideal candidate will thrive in a hybrid work environment, collaborating with business partners and providing expert guidance on risk and control issues. If you're passionate about making a meaningful impact in the banking sector and possess strong analytical and relationship-building skills, this opportunity is perfect for you.

Benefits

Competitive Salary

Incentive Pay

Banking Benefits

Defined Benefit Pension Plan

Employee Share Purchase Plan

Vacation Offering

Wellbeing Support

Social Recognition Program

Qualifications

• Experience in governance, business controls, compliance, and operational risk management.
• Extensive knowledge of risk management principles and practices.

Responsibilities

• Lead management of risks for Deposits & Payments.
• Develop and implement control improvement solutions.
• Act as key relationship manager for the business.

Skills

Business

Communication

Internal Controls

Investigating

Policy Compliance

Regulatory Compliance

Risk Assessments

Risk Management

Education

Bachelor's Degree in Finance or Business

Certifications in Risk Management

Job description

Senior Consultant, Business Controls (Payment & Deposits) page is loaded

Senior Consultant, Business Controls (Payment & Deposits)

Apply locations Toronto, ON time type Full time posted on Posted Yesterday time left to apply End Date: May 15, 2025 (12 days left to apply) job requisition id 2510134

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you’ll be doing

As a Senior Consultant, Business Controls, in the Governance & Controls team, you’ll lead the management of material, systemic and emerging risks for Deposits & Payments LOB.You’ll develop and implement integrated control improvement solutions across all products and distribution channels.You’ll manage key controls to mitigate operational exposures and potential losses.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 1-3 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 defence 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). Act as primary sponsor providing advice and expertise on business initiatives.

• Control Framework Execution - You understand and communicate the Control Framework requirements to LOB partners to ensure awareness, understanding of accountabilities. You lead the completion of all requirements including Deficiency Management, KRIs, incident reporting, RCSAs, risk items, etc. You may act as the Maintenance Officer for OPC/RCM controls. You develop and recommend new/changes to formal control testing programs. You develop reporting and summary of control testing results (MRGC/ERGC) and support the LOB/Executive sign-off process.

• 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 Incident Reporting investigation and 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 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. Provide expertise and strong analytical skills to first understand the requirements and then identify system and process controls. Ensure the proper business balance between controls, business effectiveness and client impacts is obtained through implementation of innovation solutions.

• Analytical - You proactively identify risk exposures and control gaps. You analyze and synthesize risk exposures, operational losses,root causes and control gaps.You proactively assess and recommend self-assessed deficiencies.You propose recommendations to mitigate risk exposures and control gaps.

Who you are

• You can demonstrate experience. In governance, business controls, compliance, audit, and/or operational risk management in banking/financial services sector. 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, Incident Reporting, Key Risk Indicators) to LOB partners to ensure awareness, understanding of accountabilities. Experience and knowledge of payment and deposit products is an asset.

• 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 a difference. 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.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail]

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit .

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 23rd Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Business, Communication, Internal Controls, Investigating, Policy Compliance, Regulatory Compliance, Risk Assessments, Risk Management

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At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.