Senior Consultant, Business Controls - Wealth Management

CIBC•Toronto, ON

22h•Hybrid

About The Position

As a member of the Fusion & TI&I Risk Governance group, you’ll lead the management of material, systemic and emerging risks by developing and implementing integrated control improvement solutions, across all products and distribution channels within Technology Infrastructure & Innovation (TI&I). As a Sr. Consultant of Business Controls you will lead the management of key controls to mitigate operational exposures and potential losses and will support CIBC’ s Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation. As part of supporting the relationship, you’ll be a key contributor to the operational risk strategy for the assigned Line of Business (LOB) within TI&I.

Requirements

Demonstrate experience in Retail Banking, Commercial Banking, Capital Markets and Wealth Management products and channels.
Understand their key businesses and processes, including account opening, key product delivery processes and back office settlement/fulfillment processes.
Extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures.
Ability to synthesize information and communicate detailed information in an impactful way.
Critical thinking skills to inform decision making.
Ability to bring your real self to work and live CIBC values - trust, teamwork, and accountability.

Nice To Haves

Experience in Wealth Management products and channels.

Responsibilities

Lead the management of material, systemic and emerging risks by developing and implementing integrated control improvement solutions, across all products and distribution channels within Technology Infrastructure & Innovation (TI&I).
Lead the management of key controls to mitigate operational exposures and potential losses.
Support CIBC’ s Control Framework to ensure compliance to regulatory, legislative, and operational requirements.
Manage deficiency remediation efficiently and effectively.
Be a key contributor to the operational risk strategy for the assigned Line of Business (LOB) within TI&I.
Act as a relationship manager and collaborative consultant with business partners and 2nd and 3rd Lines of Defense for all matters relating to operational risk.
Manage relationships at peer or director level, as well as project and initiative managers, within the assigned LOB.
Represent Risk Governance on LOB initiatives.
Work closely with LOB partners to proactively identify risk exposures and control gaps.
Analyze and synthesize risk exposures, operational losses, root causes and control gaps.
Lead the assessment and recommendation of self-assessed deficiencies to mitigate risk exposures and control gaps.
Lead the Change Initiative Risk Assessment (CIRA) process ensuring all high inherent risks are identified and compliant to the CIBC CIRA process.
Act as the risk and controls Subject Matter Expert (SME), providing expert advice to Line of Business partners.
Participate in business, governance and regulatory projects, typically medium to highly complex initiatives, to identify risk and control issues.
Lead all Internal Audits, Compliance Exams and GORM Reviews for the LOB regarding audit scope review & finalization, requests for information, fieldwork support and potential deficiency management.
Lead the execution of annual audit plan activities and ongoing management self-assessment processes.
Lead Office of the Superintendent of Financial Institutions (OSFI) or other regulatory exam requirements, as and when required.
Understand and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts.
Lead the completion of all CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Scenarios and Key Regulatory Indicators (KRIs).
Act as the Maintenance Officer for Operational Process Controls (OPCs), Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls.
Recommend new/changes to Key Accountabilities and Responsibilities( KAR), eGRC and non-eGRC control testing programs.
Review KAR and control testing results and recommend self-assessment of deficiencies.
Develop & present Executive Reporting on the governance & controls environment of portfolio LoBs.

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