Senior Compliance Advisor (Commercial Banking)

Canadian Imperial Bank of Commerce•Chicago, IL

53d•$130,000 - $150,000

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 This role requires a deep understanding of commercial banking regulations, enterprise risk management, and leadership skills to guide the first line of defense and collaborate across functional areas. This advisory roles supports all commercial and specialty banking lines of business, including - but not limited to - commercial real estate, specialty lending and treasury management.

Requirements

Proven leadership and management experience, with a track record of successfully leading compliance teams.
Ability to exercise a high degree of independent judgement and make sound decisions
Expert interpersonal, communication and problem-solving skills, including effective engagement with all levels of the organization, including senior management, board of directors and regulators
Extensive knowledge of applicable banking laws and compliance and enterprise risk frameworks
Ability to drive innovation or new ideas across areas of responsibility
Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment
Bachelor's degree in Business, Finance, Law, or a related field (Master's or JD preferred).
Minimum of 12 years of experience in compliance, risk management, or legal roles within the banking or financial services industry.
Bachelor's degree in Business, Finance, Law, or a related field (Master's or JD preferred).
Advanced Excel, Word, and PowerPoint skills CRCM preferred

Responsibilities

Support the Bank's compliance with all applicable federal, state, and local banking regulations and other relevant regulatory frameworks
Monitor and analyze changes in regulations and ensure the Bank's policies and procedures are updated accordingly
Provide guidance and interpretation of regulations to internal stakeholders, ensuring that all departments are aware of their compliance obligations
Assist with the development of content of compliance training programs for employees, management, and the board of directors
Oversee the complaint management program and lead research and response of regulatory-related complaints, including responses to regulatory agencies
Support the execution of the bank's compliance risk assessments to identify potential areas of compliance vulnerability and risk, and develop corrective action plans for resolution
Support preparation of regular compliance reports to compliance and risk executive management and relevant risk committees, highlighting key risks, issues, and progress on compliance initiatives.
Ensure that all compliance-related documentation, including policies and procedures, is accurate, up-to-date, and readily accessible
Mentor and develop junior compliance team members, fostering a culture of continuous improvement and professional growth
Work closely with other departments, including Legal, Risk Management, Internal Audit, and Infrastructure groups, to ensure a coordinated approach to compliance across the bank
Serve as a subject matter expert on compliance-related issues, providing advice and support to business units on the development and implementation of compliant processes and procedures
Participate in strategic planning initiatives, providing compliance insights to support the bank's growth and operational goals
Lead investigations into compliance violations or breaches, ensuring timely and thorough resolution of issues
Monitor industry trends, best practices, and regulatory developments to proactively enhance the bank's compliance program
Drive continuous improvement initiatives to streamline compliance processes, reduce risk, and increase efficiency
Regular contact with industry professionals to discuss and benchmark similar risks, processes and issues

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $130,000K - $150,000 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.
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.
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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