Associate, Capital Markets Business Risk & Controls Management

Wood Gundy Private Client Investments • New York, NY

228d • $140,000 - $170,000

About The Position

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. The US Business Management group provides direct day-to-day support for CIBC's US Capital Markets business, primarily Sales and Trading, Debt Capital Markets and Corporate and Investment Banking. The group's primary role is to assist in achieving the mandate to be a premier client-focused global bank. The Business Management Risks and Controls team serves as the primary liaison between all Capital Markets Front Office teams, and the Infrastructure and Risk/ Compliance Partners. The Team supports the Capital Markets Front Office businesses to identify, catalogue and test all risks and controls for existing and new products. US Business Management strives to ensure a sound control environment and provides financial advice to support the business strategy. This role is responsible for providing assessment, consulting, and reporting on a comprehensive inventory of risk and controls involving people, technology, processes or external events that arise from audit and control testing. The role applies advanced concepts to provide guidance to lines of business during the risk assessment process to identify and evaluate risks and controls according to operational risk standards, policies and procedures. The role is accountable for the implementation, maintenance and adherence of governance and control initiatives, programs, and processes.

Requirements

• Minimum of 3-5 years of industry-related experience, preferably in the financial services industry, or accounting, consulting and finance backgrounds.
• Strong understanding of the Capital Markets products and services.
• Demonstrated ability to effectively communicate with business partners augmented with strong interpersonal, written, verbal and presentation skills.
• Excellent organizational skills with a good attention to detail.
• Ability to execute tasks under aggressive targets and effectively manage to changes in plan.
• Strong knowledge of Microsoft applications (i.e., Microsoft Office, including PowerPoint, Excel, Visio).

Nice To Haves

• Bachelor's Degree or Master's Degree.

Responsibilities

• Executing risk and controls programs in an efficient and timely manner which includes but not limited to identification and documenting of controls including recommending new/ amendment to existing controls.
• Creating test plans, testing Key Controls and communicating results as well as monitoring and managing deficiencies.
• Advising businesses on the implementation and monitoring of Business-Managed Technology controls.
• Providing Line of Business (LOBs) with advice regarding development of their Policies and Procedures, project plans, business requirements, executive presentation materials and training materials.
• Liaising on a regular basis with individuals in the other CIBC LOBs and Capital Markets infrastructure partners regarding CIBC's governance and control initiatives and programs.
• Assisting in making decisions that influence department plans, recommending new processes to develop the appropriate risk treatment for all identified, open issues.
• Working with front-line staff and Risk Management to propose appropriate control thresholds based on any available analysis of historic, current or forecasted data.
• Coordinating information and data responses to internal and external auditor / regulator requests.
• Maintaining and analyzing key performance metrics on behalf of the business.

Benefits

• Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans.
• Paid Time Off (including Sick Leave, Parental Leave, and Vacation).
• Holidays.
• 401(k).
• Incentive compensation plan, which may include a discretionary bonus component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Merchant Wholesalers, Nondurable Goods
• Education Level: Bachelor's degree