Director, U.S. Third Party Risk Oversight Operations

CIBC•Chicago, IL

2d•Hybrid

About The Position

As the Director of Third Party Risk Oversight Operations, you will lead our efforts in managing third-party risk and ensuring governance, oversight and compliance with US region's risk posture and regulatory requirements. You will be responsible for operationalization of controls processes to align with the bank's risk governance frameworks, policy and procedure that align with CIBC's strategic objectives. Your expertise in risk management will help us identify, assess, and mitigate risks associated with third-party relationships, ensuring that our business operations remain secure and compliant. Part of your role will also involve oversight coordination and governance to services that are provided by the Enterprise to the region or by other regions of the bank as a service consumer. The role drives innovation across all areas of responsibility, applying expert interpersonal, communication, and problem-solving skills to lead the alignment of technology best practices and application strategies to help respective business lines achieve their targeted goals. The Director, U.S. Third Party Risk is a seasoned professional responsible for leading a team to create and implement a third party management framework to help manage vendor relationships consistently and effectively. The role recommends policy, procedure, control and processes related modifications, communicating regularly with vendor relationship managers to create an active and positive relationships with all internal third party stakeholders and vendor partners. The Director, Third Party Risk exercises a high degree of independent judgement, staying well informed of the terms of relevant vendor contracts regarding reporting obligations, financial implications, terms for breach, escalation procedures, and change management. The role drives innovation across all areas of responsibility, applying expert interpersonal, communication, and problem-solving skills to lead the alignment of technology best practices and application strategies to help respective business lines achieve their targeted goals.

Requirements

7-10+ years of direct/related third party risk assessment, management experience, technology, cybersecurity operations and governance oversight.
Strategic comprehensive leader with a background in governance, risk or controls.
Exceptionally strong influencing skills sufficient to significantly promote and/or negotiate on behalf of CIBC in situations that involve recognizing and responding to underlying concerns where others need to be persuaded to accept compromise solutions.
Strong communication skills with the ability to articulate complex technical concepts in a clear, concise manner through both written and verbal communications.
Experience leading high performing teams and a passion for driving program evolution and continuous improvement.
Exceptional problem solving skills to creatively develop unique approaches and solutions that are necessary to address complex problems.
Management Reporting
People Management
Procurement Management
Procurement Outsourcing
Risk Management
Sourcing and Procurement
Third Party Risk Management
Vendor Management
Vendor Relationships
Legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.

Nice To Haves

Embrace and advocate for change. Continuously evolve thinking and the way of working in order to deliver best.
Give meaning to data. Enjoy investigating complex problems and making sense of information.
Communicate detailed information in a meaningful way.
Goal oriented. Motivated by accomplishing goals and delivering best to make a difference.
Focus on collaboratively driving positive experience for clients and employees (Always professional, Radically Simple, Genuinely Caring).

Responsibilities

Lead efforts in managing third-party risk and ensuring governance, oversight and compliance with US region's risk posture and regulatory requirements.
Responsible for operationalization of controls processes to align with the bank's risk governance frameworks, policy and procedure that align with CIBC's strategic objectives.
Identify, assess, and mitigate risks associated with third-party relationships, ensuring that business operations remain secure and compliant.
Oversight coordination and governance to services that are provided by the Enterprise to the region or by other regions of the bank as a service consumer.
Drive innovation across all areas of responsibility, applying expert interpersonal, communication, and problem-solving skills to lead the alignment of technology best practices and application strategies to help respective business lines achieve their targeted goals.
Lead a team to create and implement a third party management framework to help manage vendor relationships consistently and effectively.
Recommend policy, procedure, control and processes related modifications.
Communicate regularly with vendor relationship managers to create active and positive relationships with all internal third party stakeholders and vendor partners.
Exercise a high degree of independent judgement, staying well informed of the terms of relevant vendor contracts regarding reporting obligations, financial implications, terms for breach, escalation procedures, and change management.

Benefits

Competitive total rewards package
Eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
Medical
Dental
Vision
Health Savings Account
Life Insurance
Disability
Other Insurance Plans
Paid Time Off (including Sick Leave, Parental Leave and Vacation)
Holidays
401(k)
Other special perks reserved for team members
Competitive salary
Incentive pay
Banking benefits
A benefits program
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.