Senior Consultant, Business Controls - Privacy

CIBC•Chicago, IL

2d•$115,000 - $135,000

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 As a member of the US Chief Administrative Officer (CAO), the Senior Consultant - Privacy will partner with first line of defense teams to drive compliance with CIBC’s Privacy Risk Policies and Standards and support effective risk management through adoption of leading practice and promotion of operational efficiencies for federal and state financial privacy laws. Coverage area includes, but is not limited to Telephone Consumer Protection Act (TCPA), Controlling the Assault of Non-Solicited Pornography And Marketing Act of 2003 (CAN-SPAM), Regulation P, Fair Credit Reporting Act (FCRA), Gramm-Leach-Bliley Act (GLBA) and California Consumer Privacy Act (CCPA). The Senior Consultant – Privacy will assist with the development and enhancement of internal business controls related to opt-out, disclosures, and privacy requests as well as monitoring data to establish performance and risk indicators to promote transparency and prompt action in connection with emerging privacy risks. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

You possess 7-10 years of experience in compliance, operational risk, or audit; preference for experience within a regulated financial services organization.
You have a Bachelor’s degree.
You show strong interpersonal, written, verbal and presentation skills; ability to articulate complex issues concisely and communicate effectively and comfortably with senior leadership.
You have relationship building and stakeholder management skills.
You are able to execute tasks under aggressive targets and effectively manage to change in plan.
You portray strong initiative, energy and confidence completing projects with limited supervision.

Responsibilities

Process & Procedure Improvement: Collaborate with lines of business (LOB), Privacy and Compliance partners to assess practices and drive enhanced business processes and automation in support of compliance with state and federal financial privacy requirements. Define engagement models to promote clarity, ensure business is structured to support roles and accountabilities, and promote consistency in application across the various lines of business.
Controls & Issues Management: Facilitate end-to-end process mapping to identify and document controls embedded throughout the business processes, and work to uplift automated and preventative controls related to Privacy risks. Assess all new privacy-related deficiencies and evaluate broader implications and lessons learned that can be used to drive holistic and strategic remediation across all impacted lines of business. Identify centralization and standardization opportunities for privacy controls.
Risk Insights, Metrics and Reporting: Develop and monitor risk metrics across lines of business related to privacy to identify opportunities for alignment and consistency, and drive transparency to enable management to proactively assess and mitigate emerging risks and control vulnerabilities. Leverage data to support qualitative assessments of risk through the Risk and Control Self-Assessment (RCSA) process.
Audit & Exam Management: Participate in regulatory examinations and internal reviews related to first line privacy.
Advisory: respond to real-time questions on application of privacy policy and standards to business process, practices, and activities to promote adherence.
Risk Assessments: Support the first line of defense business teams in assessing and quantifying risk ratings related to new products/services, third party service providers, and within the regulatory and compliance risk assessment programs.
Training: Evaluate enterprise and regional training materials and assess need to deliver customized training based on business process or individual accountabilities as an output of risk assessment, deficiencies, and incidents.
Participate in special projects as needed.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $115,000 - $135,000K for the Chicago, IL 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.