Manager, Criminal Risk

CIBC•Chicago, IL

38d•$100,000 - $125,000•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 US Risk Management (RM) is led by the US Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities in the US. These risks include, but are not limited, to ensuring that effective processes are in place for the identification, measurement, mitigation and monitoring of operational, reputation and legal, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s businesses, infrastructure and corporate governance groups. Global Operational Risk Management (GORM), within Risk Management, is responsible for providing oversight of CIBC’s global operational risk exposures and provide effective independent challenge to the operational risk management risk activities. GORM is the owner of the Operational Risk Management Policy and Control Framework. US Operational Risk Management department is responsible for providing oversight and second line of defense challenge of operational risk exposures within all business units across the US Region. t 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 3 days per week on-site, while other days will be remote. #LI-TA What You’ll Do As the second line of defense, the Manager, Criminal Risk, US Fraud Risk Management’s primary purpose is to understand the bank’s exposure to Physical Security (PS) and Fraud risk based on its size, complexity, and risk profile. You’ll serve as a trusted business partner and provide appropriate recommendations to manage and limit exposure to PS and fraud risks. You’ll monitor PS and fraud risk against risk appetite, and ensure independent effective challenge of PS risk and fraud risk. How You’ll Succeed The Manager, Criminal Risk, US Fraud Risk Management will be responsible for, but not limited to the following activities:

Requirements

College Degree in a related area (e.g. Criminal Justice, Criminal Science, Criminology)
Minimum of 3 years’ experience in Banking and Risk Management
Familiar with a variety of PS&S and fraud risk management topics, concepts, and practices
Excellent analytical, communication and interpersonal skills
Solid understanding of regulatory expectations and best practices of the financial industry
Good understanding of industry practices specific to PS&S and fraud risk management, along with PS&S and fraud controls
Ability to demonstrate CIBC’s core values (e.g. trust, teamwork, and accountability)
Conceptual thinker, organized & relationship builder
Ability to manage multiple projects and/or initiatives simultaneously under tight deadlines.

Nice To Haves

Fraud related designation preferred (e.g. CPP, CFE)

Responsibilities

Sustaining a PS second line of defense target operating model
Fulfill the PS risk associate role over Change Initiative Risk Assessments, External Event Reviews, Incident Reports, and Risk and Control Self-Assessments
Provide independent effective challenge aimed at the identification of PS sub-risk events and provide recommendations for remediating PS risks to acceptable levels
Performing PS regulatory compliance management activities, to include but not limited to leading or administrating PS related Regulatory Compliance Risk Reviews and providing independent effective challenge over US PS compliance controls
Provide quarterly independent effective challenge and an annual program maturity assessment over the US PS Third Party Risk Assessment program
Participate in Scenario Analyses, as required
Perform PS Risk Reviews
Complete independent effective challenge over the submission of PS metric results
Review issues with a PS nexus and consider themes for PS Risk Reviews
Review PS key controls against expected volume and appropriate classification of PS sub-risk events
Acquire industry intelligence to understand top line and emerging PS risks
Provide input into Emerging Risks and High Materiality Known Risk exercises remain informed of industry practices and regulatory expectations participate in Regulatory Compliance oversight activities and Operational Resilience activities (e.g. scenario exercises, playbook development, process map development) from PS and fraud perspectives
As a business partner to the US Region, provide value added fraud risk advice on initiatives that require significant engagement to influence, direct, review, and challenge activities. These may result from risk assessments; incidents; new or modified products or services; and fraud pro‐gram changes.
Performing fraud regulatory compliance management activities, to include but not limited to leading or administrating fraud related Regulatory Compliance Risk Reviews and providing independent effective challenge over US fraud compliance controls

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $100,000 - $125,000 for the 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.
Subject to plan and program terms and conditions