Sr. Consultant, Governance and Risk

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 Senior Consultant, Risk Governance is a seasoned expert responsible for providing specialized consultation on large business projects to ensure ongoing regulatory oversight . The role leads projects supporting the development of practical, creative and sustainable business policies, processes, and procedures across the business. The Senior Consultant, Risk Governance works with minimal direction using extensive knowledge of risk management principles and multi-segment risk management to develop and implement regulatory requirements for the business based on CIBC’s overall compliance framework across all channels. The role exercises considerable judgement for decision making on complex issues, leading large initiatives that have potential impacts to multiple stakeholders, systems or processes. The role often operates in ambiguous situations, analyzing and assessing the materiality of risks on projects and developing mitigation plans while accountable to broadly defined objectives. You’ll support the overall mandate of the CAO(Chief Administrative Office) Risk Governance, control (GRC) team. You’ll lead the management of material, systemic and emerging risks by developing and implementing integrated control improvement solutions, across all products and distribution channels within CAO . You’ll lead the management of controls to mitigate operational exposures and potential losses and will support CIBC’s Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation. As part of supporting the relationship, you’ll be a key contributor to the operational risk strategy for the assigned Line of Business (LOB) within CAO.

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 Management - 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 and initiative managers, within the assigned LOB.  Represent Risk Governance on LOB initiatives.
• Risk Assessment/Risk Consulting - Work closely with LOB partners to proactively identify risk exposures and control gaps. Analyze and  synthesize risk exposures, operational losses, root causes and control gaps. Lead the assessment and recommendation of self-assessed deficiencies to mitigate risk exposures and control gaps. Lead the Change Initiative Risk Assessment (CIRA) process ensuring all  risks are identified and compliant to the CIBC CIRA process. Acts as the risk and controls Subject Matter Expert (SME), providing expert advice to Line of Business partners. Participate in business, governance and regulatory projects, initiatives, to identify risk and control issues. Lead all Internal Audits, Compliance Exams and GORM Reviews for the LOB regarding audit scope review & finalization, requests for information, fieldwork support and potential deficiency management. Lead the execution of annual audit plan activities and ongoing management self-assessment processes. Lead Office of the Superintendent of Financial Institutions (OSFI) or other regulatory exam requirements,  as and when required.
• Control Framework Design/Execution/Management - Understand and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts. Lead the completion of all CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Scenarios and Key Regulatory Indicators (KRIs). Act as the Maintenance Officer for Operational Process Controls (OPCs), Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls.  Recommend new/changes to controls, and  control testing programs. Review control testing results and recommend self-assessment of deficiencies. Develop & present Executive Reporting on the governance & controls environment of portfolio LOBs.

Who You Are

• You demonstrate experience in Cybersecurity, Third party risk assessment, GRC, Infosec and AI. You understand their key businesses and processes.  You have extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures.
• 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 synthesize information and communicate detailed information in an impactful way.
• 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.
• 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 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-181 Bay St. 6th

Employment Type

Regular

Weekly Hours

37.5

Skills

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