Manager, Governance and Controls

CIBC•Toronto, ON

7d•Hybrid

About The Position

Reporting to the Director, Governance, Controls and Finance Operations, the Manager, Governance and Controls, will play a significant role in the implementation of Finance governance, compliance and control initiatives, programs and processes. The position is responsible for ensuring that an effective and well documented internal control structure is in place for Finance in accordance with current governance, risk and compliance requirements. The role works with all related infrastructure groups to ensure that Finance’s risk management and control framework is rigorous and supports the division while being consistent with CIBC’s policies and procedures. The role is also responsible for the test of controls, deficiency management, and assertion process for Finance group.

Requirements

Minimum of 3-5 years working experience in financial products (products and processes) and control activities.
University degree in Business Management (or equivalent).
Completion or working towards an accounting designation.

Nice To Haves

Background in risk management, process documentation and control design in the context of a financial services organization and/or financial, operational, management and general entity controls to enable the creation of a sound control framework and the continuous improvement in the efficiency and effectiveness of internal controls across the division.

Responsibilities

Test the design and operating effectiveness of FPC, RCM and OPC internal controls within Finance, including executing the annual internal control test plan for Finance, scheduling and facilitating walkthroughs, perform management testing and following-up on issues or deficiencies raised by Finance Management, CIBC’s Global Operational Risk Management, internal/external auditors, regulators and the control performers.
Facilitate quarterly assertion process for Finance groups, review and provide feedback on existing process and procedure documents, and participate and support the SOMO with key initiatives and projects (e.g. development of end to end Process Map, COE process documents, etc.), as required.
Provide guidance on the documentation and design of an effective internal control structure in accordance with current governance, risk and compliance requirements (including FPC, RCM and OPC streams).
Identify and escalate issues/areas of concern in a timely manner.
Ensure compliance with all policies and guidelines (internal and external) and that deficiencies are resolved in a timely and effective manner.
Support Finance groups by ensuring compliance with requirements for the Operational Risk Framework and related standards and procedures.
Provide guidance and best practices to Finance groups for preparation of process documentation (e.g. business process narratives and maps), including facilitating Finance in the identification of risks and development of mitigation strategies, acting as a compliance and control liaison to analyze and report internal operational loss events, reviewing external operational risk incidents for likelihood/impact at CIBC and supporting the execution and management of Risk Control Self Assessment for all groups under Finance defined by Global Operational Risk Management.

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