Senior Manager, Risk (First Line of Defense)

CIBC

4d • $140,000 - $150,000

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 What you'll be doing U.S. Technology Infrastructure and Innovation (US TI&I) spans the areas of Technology, Information Security, Third Party Governance Office, Fraud Management, Corporate Investigations, Deposit Operations, Loan Operations, Business Continuity Management, Operational Resiliency, Project Management, Data Management Office, Corporate Real Estate, Physical Security, and Risk & Governance. TI&I delivers operational excellence by effectively managing the technology and operations required to run the bank, enables the bank's transformation by focusing on clients, innovating for the future and simplifying operations and supporting the bank's growth objectives through flawless execution of strategic initiatives. US TI&I Risk and Governance is a first line of defense team which supports the departments referenced above. The Senior Risk Consultant will work closely with US TI&I Management and 2nd and 3rd lines of defense (Risk, Compliance, and Internal Audit) to develop and implement well managed risk practices to ensure activities do not exceed the risk tolerance of the organization. As a Senior Manager, Risk (First Line of Defense), you will be responsible for designing, implementing, managing and reporting on an Operational Risk based program for LOBs within US TI&I. Responsibilities will including leading Risk and Controls Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs), as applicable. You will be responsible for leading and managing day-to-day deficiency and risk issue remediation; designing and implementing new controls and special projects, updating and maintaining a risk and control inventory, and remediating any gaps and inadequacies. You will also lead, coordinate, and liaise between US TI&I LOB Management and other lines of defense and collaborate with business units in developing and monitoring corrective action plans when responding to Audit, Compliance, Self-Assessed, or regulatory examination findings. You will also lead deficiency validation work once remediation is complete. You also provide risk guidance in developing, reviewing and maintaining operational risk and compliance policies and procedures as it relates to US TI&I Lines of Business. The Senior Risk Consultant also maintains awareness of regulatory changes across the industry, analyzing how the changes will affect the line of business, and creating a strategy to implement such changes within US TI&I. 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

• 7+ years of experience in Audit/Enterprise/Risk Management/or Management Consulting, leading and addressing daily deficiency and risk remediation activities; developing and implementing new controls and managing special projects
• deep understanding of the risk assessment framework and experience performing end to end LOB risk and controls self-assessments covering key risks and controls
• strong working knowledge of regulatory requirements to perform and ensure an appropriate level of testing, an experience within financial, operational, compliance and reputation risks is required
• solid project management skills with the ability to adapt to change quickly, multi-task and demonstrate flexibility in prioritization based on requested tasks
• BS or MS (Risk Management, Business, Finance or similar)
• Data analysis and visualization skills using Excel or other analysis software
• comfortable performing ad-hoc statistical analysis using Pivot tables, VLOOKUP, complex formulas, and other advanced Excel functions to determine root causes and trends related to testing failures
• Strong interpersonal, communication (oral and written) and problem-solving skills, including effective engagement with senior leaders of the organization
• Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability

Nice To Haves

• experience auditing LOBs within US Technology

Responsibilities

• designing, implementing, managing and reporting on an Operational Risk based program for LOBs within US TI&I
• leading Risk and Controls Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs), as applicable
• leading and managing day-to-day deficiency and risk issue remediation
• designing and implementing new controls and special projects
• updating and maintaining a risk and control inventory, and remediating any gaps and inadequacies
• lead, coordinate, and liaise between US TI&I LOB Management and other lines of defense and collaborate with business units in developing and monitoring corrective action plans when responding to Audit, Compliance, Self-Assessed, or regulatory examination findings
• lead deficiency validation work once remediation is complete
• provide risk guidance in developing, reviewing and maintaining operational risk and compliance policies and procedures as it relates to US TI&I Lines of Business
• maintains awareness of regulatory changes across the industry, analyzing how the changes will affect the line of business, and creating a strategy to implement such changes within US TI&I

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $140,000- $150,000 based on experience, qualifications, and location of the position (salary range varies based on the location which will be discussed at the time of the interview).
• The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may 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.
• banking benefits
• a benefits program
• a vacation offering
• wellbeing support
• MomentMakers, our social, points-based recognition program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees