Senior Compliance Officer in Toronto, Ontario

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 (https://www.cibc.com/en/about-cibc.html)

What you’ll be doing

The Compliance Department provides timely and proactive advice and independent oversight of CIBC’s compliance with applicable regulatory requirements. Together with the businesses, the Compliance Department works to manage and mitigate regulatory risReporting to the Senior Director, Deposits, the Senior Compliance Officer, provides specialized expertise, advice, independent monitoring and oversight primarily, but not exclusively , in support of CIBC’s Regulatory Compliance Management (RCM) activities regarding the bank’s everyday banking (e.g., retail deposit accounts, investments, payments, etc.) 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. 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 Oversight – You will monitor for and analyze new and pending regulatory requirements including amendments to existing regulatory requirements (i.e., regulatory developments), both federal and provincial as applicable, that affect areas of responsibility ensuring that relevant issues and organizational risks are identified and raised for consideration by management in formulation and revision of policies and procedures for regulatory compliance. You will also provide advice, recommendations and assistance in developing policies, procedures, reporting, training, and communications to ensure compliance.

• Risk Assessment – You will conduct risk assessments, including creating and updating Regulatory Group Topics (RGTs), in accordance with the RCM Policy and consult the current RCM library to derive insights and identify opportunities to enhance and strengthen oversight and risk mitigation of provincial regulatory obligations applying to the bank that affect areas of responsibility.

• Compliance Oversight – You will lead the assessment of development and introduction of new products, services and business initiatives; advise on mitigating controls (including policies/procedures) necessary to address regulatory risks; timely and on-going identification, risk assessment and communication of changing regulatory requirements; effective and timely discussion, escalation and reporting of regulatory compliance risks and issues; establish an appropriate regulatory compliance culture and support the business in achieving its strategic objectives while ensuring effective management of regulatory compliance risk and control processes.

• Issues Resolution Management – You will oversee or monitor the satisfactory resolution of complex, contentious or sensitive regulatory compliance issues, with significant product or business line implications, such as implementation of new client disclosure requirements, action plans to address a procedural non-compliance issue identified by external regulators, actions to address regulatory compliance control deficiencies, etc. Ensure that all significant compliance issues, such as deficiencies or regulatory risks are reported to the Senior Director, the VP Compliance, the Chief Compliance Officer and senior management, as appropriate.

Who you are

• Relationship builder. Develops and maintains strong relationships with internal and external customers/contacts.

• Results oriented. Strives to achieve high levels of individual and organizational performance.

• Conceptual thinker. Identifies and sees the relationships among key issues while understanding the big picture.

• You look beyond the moment. You make decisions and take actions that will make a difference today and tomorrow for the programs and the Team. You proactively seek new opportunities to define what’s possible.

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

• You know that details matter. You notice things that others don’t. Your critical thinking skills help to inform your decision making.

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 [email protected]

• 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, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Quality Assurance Review, Quality Investigations, Regulatory Compliance, Regulatory Requirements, Risk Assessments, Strategic Objectives

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.