Senior Compliance Officer, Global Asset Management

CIBC • Toronto, ON

3d • Hybrid

About The Position

As a member of the Commercial Banking and Wealth Management Compliance (CBWMC) team, the Senior Compliance Officer, Global Asset Management will provide independent oversight of compliance with laws and regulations applicable to the exempt market dealer, investment fund manager, and portfolio management/registered investment advisory business activities of CIBC Asset Management Inc. (CAMI), including its CIBC Private Investment Counsel (CPIC) line of business. As a Senior Compliance Officer reporting to the Director, Global Asset Management Compliance, you will advise and report on the adherence to applicable regulatory requirements, corporate policies, practices and acceptable standards of business, ethics and conduct under relevant laws. You will provide timely and proactive advice to help CAMI/CPIC and their leaders fulfill their regulatory compliance responsibilities and achieve their business goals including the preparation of annual compliance reviews and reporting. You will also assist in the design, establishment, and advise on the execution of regulatory compliance testing of CAMI/CPIC’s portfolio management/investment advisory business activities and identify key risk control gaps and deficiencies.

Requirements

• Demonstrated experience in a compliance, risk management, or legal in the investment or financial services industry.
• Experience within Private Wealth Management firm or Asset Manager, including supporting Exempt Market Dealer (EMD) and alternative investments activities.
• Bachelor’s Degree or equivalent experience.
• Knowledge of the Canadian securities regulatory environment as it relates to portfolio managers, exempt market dealers and/or investment fund managers.
• CSC and have or are working towards a CFA, FRM accreditation/designation.
• Ability to investigate complex regulatory and compliance issues, interpreting regulatory requirements, and making sense of information.
• Confident in ability to communicate detailed information and advice in an impactful and practical way.
• Critical thinking skills to inform decision making as you identify compliance risks and assess regulatory.
• Engage with purpose to build trust relationships and provide practical compliance advice that balances regulatory obligations with business objectives.
• Demonstrate integrity, sound judgment and a commitment to continuous learning by staying current on regulatory developments and contributing to a strong culture of compliance.
• Bring your real self to work and live our values – trust, teamwork and accountability.

Responsibilities

• Monitor adherence to applicable laws, regulations, internal policies, and standards of business conduct for the assigned line of business and investigate situations of non-compliance.
• Maintain strong working relationships with Global Asset Management, infrastructure partners, and team members across Compliance and provide value-add compliance advice. Partner with the business to achieve outcomes which protect our clients and our bank.
• Communicate effectively with internal partners and regulators. Clearly explain regulatory expectations and necessary changes to business unit procedures or controls to address adherence to Canadian securities regulations.
• Follow up on questionable business conduct or regulatory non-compliance items or activities, assess impact and determine courses of action required, including escalations.
• Staying abreast of industry wide regulatory and compliance developments, trends, and best practices, at both the federal and provincial/state level and suggesting methods for implementing changes as necessary.
• Maintain relevant compliance procedures, contribute to policy updates, and participate in the development and delivery of compliance training. Support special projects and assignments as needed.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior