Director, Information Security - Regulatory & Controls

Canadian Imperial Bank of Commerce•Chicago, IL

2d•$190,000 - $230,000•Hybrid

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. To learn more about CIBC, please visit CIBC.com What you'll be doing: As the US Region Information Security Director of Regulatory and Controls, you will be responsible for the department’s efforts in ensuring compliance with relevant regulations and effectiveness of information security controls. You will monitor relevant laws, regulations, and standards to ensure CIBC US security practices align with regulatory requirements and you will own regulatory compliance programs such as NY-DFS, GLBA and FFIEC. You will serve as primary point of contract for regulatory bodies during audits and be responsible for creation of materials for and participation in exams and quarterly briefings. You will be responsible for Information Security control management and providing oversight of controls that impact the US team. This includes conducting the Risk and Control SelfAssessment (RCSA) for Information Security and provide input into RCSA’s for all other lines of business. Work Arrangement: 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.

Requirements

You can demonstrate experience at a financial institution of similar scope and scale with direct experience working with regulators and regulatory compliance programs.
You are a caring and accountable leader.
You have experience developing and implementing strategic team goals.
You have experience coaching employees and inspiring successful team performance.
You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision-making.
Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability

Nice To Haves

It’s an asset if you have advanced knowledge of applicable US laws and regulations as they relate to Information Security and the effective management of Information Security Risks.

Responsibilities

Monitor relevant laws, regulations and standards to ensure organization’s security practices align with regulatory requirements.
Own regulatory compliance programs such as NY-DFS, GLBA and FFIEC assessments.
Serve as primary point of contract for regulatory bodies during audits.
Creation of materials for and participation in regulatory exams and quarterly briefings to regulators as required.
Develop responses and drive resolution of Issues, Deficiencies, Matters Requiring Attention (MRAs), and Supervisory Recommendations (SR’s) assigned to US Region Information Security.
Work closely with US TI&I Risk & Controls Team, Regulatory Affairs, Operational Risk Management (ORM) and Internal Audit as required.
Assist with creation of materials for Annual Cyber Security Board Review and Quarterly Board Risk Committee Meetings.
Creation of materials for various reporting committees and forums, including weekly status.
Creation of materials for various reporting committees and forums, including weekly reports, business unit reviews and horizontal review .
Conduct Risk and Control Self-Assessment (RCSA) for Information Security and provide input into RCSA for all other lines of business.
Mapping of controls to industry frameworks (e.g. NIST, PCI, MITRE)
Work closely with controls testing teams.
Drive remediation of ineffective controls owned by the US and provide oversight of control effectiveness for enterprise controls impacting the US.
Act as secretary for the Cyber Security Controls Oversight Council.
Recruiting and hiring of Information Security professionals to support target operating model changes.
Provides ongoing advice and direction on a variety of complex conceptual or interpretative issues.
Establishing and leveraging peer's relationships within the US Region and Parent bank organizations.
Will be required to foster relationships with middle to senior management, and senior executives across a range of functions including Risk Management and Technology.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $190,000.00 - $230,000.00 for the Chicago market based on experience, qualifications, and location of the position.
The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.
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, 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.

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