Senior Consultant, Business Controls (10 Months Fixed-Term Contract)

CIBC•Toronto, ON

1d•Hybrid

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. You’ll work in a growing area of the bank that manages operational risk, regulatory supervision, standardized testing, sales monitoring and loss management, for Personal & Business Banking. As a Senior Consultant, Business Controls, you’ll lead the management of material, systemic and emerging risks for Personal & Business Banking LOBs under Personal Lending. You’ll develop and implement integrated control improvement solutions across all products and distribution channels. You will manage key controls to mitigate operational exposures and potential losses. You’ll provide support of CIBC’s Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation. You’ll act as the key relationship manager for the business.

Requirements

Experience in Project Management/Delivery with CIRA experience, Business Controls, Operational Risk, Compliance, and/or Audit.
Understand key banking 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.
Proficient in synthesizing information and communicating detailed information in a meaningful way.
Critical thinking skills help to inform your decision making.
Bring your real self to work and live our values - trust, teamwork, and accountability.
Be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Nice To Haves

Real Estate Secured Lending experience is an asset.

Responsibilities

Lead the management of material, systemic and emerging risks for Personal & Business Banking LOBs under Personal Lending.
Develop and implement integrated control improvement solutions across all products and distribution channels.
Manage key controls to mitigate operational exposures and potential losses.
Provide support of CIBC’s Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation.
Act as the key relationship manager for the business.
Manage key relationships and collaborate with business partners, 2nd and 3rd lines of defense for all matters relating to operational risk.
Manage relationships at peer or director level, as well as project/initiative managers within the assigned RESL Line of Business (LOB).
Represent Business Controls on key business initiatives.
Work closely with the LOB partners to proactively identify risk exposures and control gaps.
Analyze and synthesize risk exposures, operational losses, root causes and control gaps and determine materiality.
Propose recommendations to mitigate risk exposures/control gaps.
Lead the Incident Reporting investigation and Change Initiative Risk Assessment (CIRA) process, ensuring all material risks are identified and compliant to the CIBC CIRA policy and process.
Manage all deficiencies and risk items for the LOB, ensuring closure dates are met and no deficiencies go past due.
Lead the implementation of remediation plans for targeted control gaps/special projects.
Lead the completion of all CIBC Control Framework requirements.
Act as the risk and control Subject Matter Expert (SME) providing expert advice to LOB partners.
Lead all Internal Audits, Compliance exams for the business.
Provide ongoing management of self-assessment processes.
Participate in larger more complex business, governance and regulatory projects to identify risk and control issues, recommend solutions and develop control requirements.
Proactively identify risk exposures and control gaps.
Analyze and synthesize risk exposures, operational losses, root causes and control gaps.
Proactively assess and recommend self-assessed deficiencies.
Propose recommendations to mitigate risk exposures and control gaps.
Understand and communicate the Control Framework requirements to LOB partners to ensure they understand and are aware of accountabilities.
Lead the completion of all requirements including: Risk and Controls Self-Assessment (RCSA), Scenarios, Deficiency Management, Key Risk Indicators, incident reporting, Regulatory Compliance Incident (RCIs) reporting, etc.
Act as the SOX Officer/Maintenance Officer (SOMO) for Operational Process Controls (OPC) and Regulatory Compliance Management (RCM) controls.
Develop and recommend new/changes to Key Accountabilities and Responsibilities (KAR) and formal key Control and Non-Key Control testing programs.
Develop reporting and summarize control testing results in preparation for LOB/Executive reviews and sign-off processes.
Peer mentoring and indirect people leadership influencing, coaching and negotiation with LOB, 2nd and 3rd Line of Defense.
Comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.