About The Position
As the Sr. Compliance Officer reporting to the Senior Manager, Advanced Oversight, Investigations & Regulatory Response (AOIRR), you will be responsible for conducting targeted, risk-based reviews to identify and address potential Anti-Money Laundering (AML) and securities conduct risks in higher-risk portfolios. You will provide risk-based oversight, conduct reviews, and perform internal investigations of securities registrants across all businesses supported by the Commercial Banking & Wealth Management Compliance (CBWMC) team, as required to meet CIBC’s supervisory obligations and risk management expectations. In this role, you’ll support Commercial Banking & Wealth Management (CBWM) and Personal and Business Banking (PBB) in their interactions with regulators—including the Canadian Investment Regulatory Organization (CIRO) and the member securities commissions of the Canadian Securities Administrators—regarding regulatory investigations, business conduct compliance examinations, and other regulatory inquiries and reviews. You will work closely with internal compliance and business partners to support each of CBWMC’s registered Chief Compliance Officers (CCOs), delivering on key regulatory accountabilities under the guidance of the Senior Manager, AOIRR, and Senior Director, AOIRR.
Requirements
- Successful completion of the Investment Dealer Supervisor Course/Branch Manager’s Course and the Canadian Securities Course is necessary for this role.
- University Degree/ College Diploma or equivalent work experience.
- Solid understanding of the regulatory environment in which CIBC’s securities businesses operate, including retail investment dealer and mutual fund dealer activities.
- Critical thinking skills help to inform your decision making.
- Ability to give meaning to data.
- Enjoy investigating complex problems and making sense of information.
- Confident in your ability to communicate detailed information in an impactful way.
- Know that relationships and networks are essential to success.
- Inspire outcomes by making yourself heard.
- Bring your real self to work, and you live our values - trust, teamwork, and accountability.
Nice To Haves
- Conduct and Practices Handbook, Branch Compliance Officer’s Course, Options Supervisors Course, Partners, Directors, and Senior Officer’s Course are strong assets.
Responsibilities
- Perform advanced oversight, monitoring and analysis to identify potential instances of material risk or conduct issues within CBWMC businesses.
- Perform and coordinate internal reviews and investigations, relating to employee conduct and instances of potential non-compliance with internal or regulatory requirements, including complex and non-routine reviews in each of the various retail securities lines of business CBWMC supports in PBB, PWM, Telephone Banking and DFS.
- Facilitate proactive reporting of internal investigations, potential employee misconduct, instances of non-compliance and internal disciplinary action via METs, ComSet, Gatekeeper Report, or otherwise, as deemed necessary in accordance with regulatory requirements and expectations.
- Assist in the management and response to regulatory investigations and examinations including responding to requests for information and liaising with regulators and internal business partners, as necessary, and support remediation plans relating to regulator-identified deficiencies and observations.
- Fostering strong internal relationships – including with business management, CIBC governance partners, Internal Audit, Legal and other CIBC Compliance and Risk Management groups, is essential.
- Maintain strong relationships with external regulators such as CIRO and the various provincial securities commissions.
- Assisting with updates to existing policies and procedures and/or the development of new policies as necessary to address areas of risk, regulatory developments and/or internal or regulatory deficiencies.
- Identifying and addressing opportunities for improvement to enhance the efficiency and effectiveness of internal processes/methodologies.
Benefits
- competitive salary
- incentive pay
- banking benefits
- a benefits program
- defined benefit pension plan
- an employee share purchase plan
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
5,001-10,000 employees
