Consultant, Business Controls

CIBC•Toronto, ON

7d•Hybrid

About The Position

As a Consultant, Business Controls, you’ll support the management of material, systemic and emerging risks for Savings, Investment & Advice and Day-to-Day Banking (Everyday Chequing) within Personal and Business Banking (PBB). You will help to develop and implement integrated control improvement solutions across all products. You will support to manage key controls to mitigate operational exposures and potential losses. You’ll provide support of CIBC’s Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation. You’ll act as the key relationship manager for the business.

Requirements

Experience in Business Controls (1B), Operational Risk, Compliance, Audit, and/or Governance.
Understand key banking businesses and processes.
Extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures.
Proficient in synthesizing information and communicating detailed information in a meaningful way.
Critical thinking skills help to inform your decision making.
Values matter to you.
Bring your real self to work and you live our values - trust, teamwork, and accountability.
Business Controlling
Client Service
Compliance Monitoring
Group Problem Solving
Project Management
Regulatory Requirements
Risk Management Assessment
Work Collaboratively

Nice To Haves

Experience in Financial, Banking, and/or Insurance sector is an asset.
Opportunity to support on Regulatory Group Topic (RGTs) Reviews, Regulatory Compliance Incident (RCIs) Reporting, and Risk Controls Self Assessments (RCSAs), etc.

Responsibilities

Support the relationship management activities for the assigned Line of Business, in partnership with the Sr. Consultant, and Director, Governance and Controls.
Partner and interact with peer and one up levels within the Line of Business, and 2nd and 3rd Lines of Defense.
Identify risk and control issues and participate in risk assessment activities and discussions.
Perform detailed risk assessments and root cause analyses on control gaps and operational losses.
Compile, synthesize and summarize results of risk assessments.
Map business control processes; identify potential failure modes and control gaps.
Understand and communicate the Control Framework requirements to LOB partners to ensure they understand and are aware of accountabilities.
Lead the completion of all requirements including: Deficiency Management, Change Initiative Risk Assessments (CIRAs), Incident Reporting, Regulatory Compliance Management (RCM) and Controls Development.
Develop and recommend new/changes to formal key Control testing programs.
Develop reporting and summarize control testing results in preparation for LOB/Executive reviews and sign-off processes.

Benefits

competitive salary
incentive pay
banking benefits
a benefits program
defined benefit pension plan
an employee share purchase plan
a 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