Compliance Officer

CIBC • Toronto, ON

1d • Hybrid

About The Position

Compliance & Global Regulatory Affairs (Compliance & GRA) assists our Bank in developing and executing a robust and proactive regulatory compliance and regulatory affairs strategy, and effectively managing regulatory risk. The Compliance and EAML Examination Program (CEEP) team, is a group within the Compliance Department, and consists of several multi-skilled examination teams, including the Regulatory Compliance Examination team, which is responsible to execute regulatory compliance examinations for Oversight Functions and Compliance units globally across the Bank, amongst other LOBs, with the objective to independently assess the design and operating effectiveness of the unit’s processes and controls to satisfy compliance with OSFI E-13, and adherence to regulatory requirements as defined by the CIBC Regulatory Compliance Management Policy. Reporting to the Director, Compliance and EAML Examinations Program, the Compliance Officer is responsible to manage and execute Regulatory Compliance Management (RCM) examinations and ensure adequate planning, fieldwork and reporting of results as per CEEP standards and procedures, and assist team members as required with the execution of their examinations. The Compliance Officer will have a strong understanding of applicable regulatory requirements such as OSFI E-13 and the requirements of a sound RCM framework, as well as knowledge of CIBC lines of business, Governance Groups, Oversight Functions and Compliance. In addition to working on the RCM Examination portfolio, the Compliance Officer will be required to support other examination portfolios within the broader CEEP team, as the needs arise.

Requirements

• Working experience leading examinations/audits or compliance reviews.
• Strong understanding of the Regulatory Compliance Management policy.
• University Degree/College Diploma or equivalent work experience.
• Minimum of 3 years’ experience within the compliance/audit industry.
• Strong understanding of applicable regulatory requirements such as OSFI E-13 and the requirements of a sound RCM framework.
• Knowledge of CIBC lines of business, Governance Groups, Oversight Functions and Compliance.
• Strong Communication and Interpersonal Skills.
• Ability to communicate effectively with different lines of business.
• Well-developed examinations skills.
• Trust, teamwork and accountability.

Nice To Haves

• CPA, CIA, or other relevant designation or certification.

Responsibilities

• Manage and execute Regulatory Compliance Management (RCM) examinations.
• Ensure adequate planning, fieldwork and reporting of results as per CEEP standards and procedures.
• Assist team members as required with the execution of their examinations.
• Support other examination portfolios within the broader CEEP team, as the needs arise.
• Act as a subject matter expert responding to questions from the business and team regarding regulations, best practices and internal policies and procedures.
• Communicate effectively with different lines of business to obtain clarification of processes and controls, to explain requirements and regulations and to provide the results of the examination, including issuance of deficiencies and observations.
• Lead high quality, thorough and timely execution of Regulatory Compliance Management examinations.
• Evaluate the adherence of Oversight Functions to requirements as defined within the RCM policy, as well as identify and recommend areas for improvement.
• Establish and maintain positive working relationships with CIBC LOBs, Governance Groups, Oversight Functions and Compliance partners.
• Help develop and implement an appropriate regulatory compliance culture, compliance risk and control processes that are effective, cost-efficient that help achieve business objectives.
• Share knowledge and assist team members with their examinations.
• Help to implement changes as required to strengthen the Compliance Testing Program.
• Provide a safe environment in which different opinions are welcomed.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• Defined benefit pension plan
• Employee share purchase plan
• Vacation offering
• Wellbeing support
• MomentMakers, our social, points-based recognition program
• Purpose Day; a paid day off dedicated for you to use to invest in your growth and development

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree