Director Tax Operational Risk & Regulatory Compliance

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

The Director, Tax Operational Risk & Regulatory Compliance is a comprehensive leader responsible for providing specialized advice on a wide range of tax risk management issues. The Director, Tax Operational Risk & Regulatory Compliance is responsible for monitoring regulatory developments and overseeing CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies. The Director, Tax Operational Risk & Regulatory Compliance will work closely with Tax Advisory and International Tax & Transfer Pricing colleagues to assess tax risk management issues and advise Strategic Business Units on tax operational requirements.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you’ll succeed

• Regulatory Compliance Oversight - Monitor regulatory developments, analyze and assess the impact of changes and support CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies.
• US Tax Operations Advisory - Provide support to Capital Markets Operations & Tax Operations colleagues relating to US tax compliance and reporting (US withholding & Qualified Intermediary requirements).
• Trading Documentation Review - Provide guidance to Legal and Capital Markets colleagues relating to any tax representations required in trading documentation or other legal agreements.
• Risk Analysis - Manage key areas of tax operational risk and provide recommendations to business partners.      

Who you are
 

• You’re a certified professional. You have current accreditation and good standing in the CPA designation or a Bachelor of Law degree, along with ~7 years of experience or tax experience. It’s an asset if you have completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
• You can demonstrate experience with US taxation matters impacting financial products, including IRS 871(m). Knowledge of FATCA and Qualified Intermediary (QI) regimes will be regarded as an asset. In addition, you will have excellent research and analytical skills. Further, you have advanced problem-solving skills and ability to implement the solutions. Exposure to the financial services industry would be regarded as an asset however, consideration will also be given to candidates with less experience but who have a strong interest and desire to learn the financial services business. 
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
• Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
• 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 Mailbox.careers-carrieres@cibc.com

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Compliance Oversight, Financial Reporting and Analysis, Leadership, People Management, Regulatory Requirements, Tax Advising, Tax Audits, Tax Law, Tax Legislation, Tax Planning