Sr. Consultant, Operational Risk-2
About The Position
CIBC is building a relationship-oriented bank for a modern world. Our role is to maintain an effective control environment and oversee the sound risk management of our bank, consistent with our Risk Appetite Statement. We help safeguard our reputation and brand while providing proactive advice and oversight of CIBC's compliance with regulatory requirements, including those related to consumer and investor protection, sales practices, securities trading, and anti-money laundering. Reporting to the Head of Cybersecurity, Fraud & Technology Risk Management, the Sr. Manager, Operational Risk is accountable for conducting an independent review of the Bank’s Artificial Intelligence (AI) and Data Risks through the use of various risk management assessment, monitoring tools, and reporting. The position fulfills the role of second line of defense (2nd LOD) covering AI and Data risks.
Requirements
- Bachelor’s degree in business, information systems, risk management, technology or equivalent work experience
- Minimum 3-5 years' experience with technology, AI, and Data based on industry standard frameworks (example DCAM) and/or regulatory requirements
- Experience with risk reviews, assessments, testing, and/or evaluation of control environment, risk mitigations, and compliance with various industry standards and regulatory requirements
- Strong communication (verbal and written) skills with ability to present technical information in clear and concise manner to a variety of audiences; including technology SMEs, senior management, and/or regulators
- Ability to work under pressure and creatively solve problems
- Analytical Thinking
- Control Frameworks
- Decision Making
- Group Problem Solving
- Operation Risk Management
- Risk Analytics
- Risk Assessments
- Risk Governance
Nice To Haves
- Industry relevant certifications or equivalent preferred
Responsibilities
- Establish and provide challenge in the development and maintenance for AI and Data practices across the first line of defense.
- Provide support in the operational risk activities and assists in the risk and control self-assessments, risk reviews, gap analysis, and control assessments around Data and AI risks.
- Act as the 2nd LOD Subject Matter Expertise (SMEs) and provide credible challenge to the lines of business and the respective risk partners.
- Establish and maintain cross-functional working relationship which includes parent-bank risk management colleagues, risk owners from first line of defense, functional groups of LOBs, Internal Audit, and regulators.
- Assist leaders of the organization to understand key value drivers and challenges within their business units in relation to AI and Data risks, and enable the determination and monitoring of KPIs/KRIs that can help improve performance as a result.
- Support the US Operational Risk Management team with AI and Data risk management related topics as the resident AI risk management subject matter expert.
Benefits
- Medical
- Dental
- Vision
- Health Savings Account
- Life Insurance
- Disability
- Other Insurance Plans
- Paid Time Off (including Sick Leave, Parental Leave and Vacation)
- Holidays
- 401(k)
- incentive pay
- banking benefits
- a benefits program
- a 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
