Associate, Governance and Control

CIBC•New York, NY

1d•Hybrid

About The Position

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 (the 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. The incumbent may also be required to participate in initiatives, project and committees as assigned. The role will make decisions that influence department plans, regularly recommending new processes/ controls to develop the appropriate risk treatment for all identified, open issues. The role uses independent judgement to determine methods and approaches to work, monitoring and reviewing operational risks identified during audits.

Requirements

Minimum of 2–7 years of industry-related experience, preferably in the financial services industry, or accounting, consulting and finance backgrounds, and 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 limed to identification and documenting of controls including recommending new/ amendment to existing controls, where required, in relation to the operational and compliance risks embedded within the business lines.
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 and assisting with the completion of their Risk and Control Self-Assessments.
Providing Line of Business (LOBs) with advice regarding development of their Policies and Procedures, project plans, business requirements, executive presentation materials and training materials.
Participation in ad-hoc business and CIBC-wide projects and committees, as required.
Liaising on a regular basis with individuals in the other CIBC LOBs and Capital Markets infrastructure partners (i.e. Finance, Operations, Technology, Risk Management, Compliance, Privacy, Audit), regarding CIBC’s governance and control initiatives and programs.
Communicating with policy and program owners when providing data analysis and reports to support policy and program review.
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.
Assist in making decisions that influence department plans, recommend new processes to develop the appropriate risk treatment for all identified, open issues.
The role requires using independent judgement to determine methods and approaches to work, monitoring and reviewing operational risks identified during audits.
The role acts as a resource integrator for their area, providing communication and consultation on risk profiles, emerging trends, and any new risks arising from regulatory changes.
Working with front-line staff and Risk Management to propose appropriate control thresholds based on any available analysis of historic, current or forecasted data.
Working with Governance & Controls team to respond to attestations, management and board threshold breaches (e.g., root cause analysis, action plan and timelines to address) and provide to Risk Management for inclusion in reporting
Identifying, reporting on; and escalating when metrics exceed control thresholds (e.g., early warning risk trigger, management risk limit, etc.)
Championing data requirements and systems to support ongoing MIS and reporting enhancements
Planning, scoping and executing targeted reviews in consultation with the Risk Management department
Build and maintain working relationships with stakeholders across the different businesses lines and support functions.
Manage an effective and documented internal control structure, by maintaining desk policies and procedures as well as adherence to, and successful testing of, internal controls and logical access reviews; maintain, support and enhance the information risk policies, standards, guidelines, processes and metrics.
Coordinate information and data responses to internal and external auditor / regulator requests.
Maintain and analyze key performance metrics on behalf of the business; supporting the preparation of business and client plans by performing data analysis, reviewing market trends and preparing presentation materials.