Swap Dealer Compliance Officer

CIBC • Toronto, ON

9d • Hybrid

About The Position

As a Swap Dealer Compliance Officer, you will play a key role in supporting CIBC’s Global Swap Dealer Compliance program. You will collaborate with Front Office, Regulatory Operations, and Technology teams to develop and implement solutions that address regulatory requirements, including swap trade reporting. You will monitor and advise on global non-financial regulatory reporting, and provide guidance to CIBC’s global OTC Derivatives business on SEC, CFTC, and NFA rules, as well as technical aspects of swap regulations under the Dodd-Frank Act. Your responsibilities will include assisting with regulatory exams, internal audits, regulatory inquiries, and preparing the Swap Dealer Chief Compliance Officer annual reports. You will provide subject matter expertise on global OTC Derivatives trade reporting across all relevant jurisdictions, continually improve oversight programs, and implement automated trade reporting controls. You will liaise with various internal stakeholders, execute monitoring procedures to ensure compliance, and help develop and maintain policies and procedures related to swaps rules. Additionally, you will assist with drafting annual compliance reports, coordinate regulatory exams, perform surveillance activities, and draft responses to regulatory inquiries. At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

• 4-year undergraduate degree.
• Minimum of 2-4 years of capital markets experience.
• Experience in one or more OTC Derivative trade reporting regulations (e.g., CFTC, SEC, EMIR, ASIC, MAS, HKMA, MX LOPR, CIRO, MiFID, SFTR, FINRA LOPR, CAT, TRACE) or relevant transaction reporting experience.
• Knowledge of CFTC, SEC, or CSA regulatory landscape.
• Proficient with PowerBI, Tableau, Python, PowerPoint, Visio, and Excel.
• Bring your real self to work and live our values – trust, teamwork and accountability.

Nice To Haves

• Experience in providing regulatory or compliance advice or working with derivatives markets (e.g., commodity, equity, interest rate swaps) preferred.
• Familiarity in swaps reporting rules considered an asset.

Responsibilities

• Support CIBC’s Global Swap Dealer Compliance program.
• Collaborate with Front Office, Regulatory Operations, and Technology teams to develop and implement solutions that address regulatory requirements, including swap trade reporting.
• Monitor and advise on global non-financial regulatory reporting.
• Provide guidance to CIBC’s global OTC Derivatives business on SEC, CFTC, and NFA rules, as well as technical aspects of swap regulations under the Dodd-Frank Act.
• Assist with regulatory exams, internal audits, and regulatory inquiries.
• Prepare the Swap Dealer Chief Compliance Officer annual reports.
• Provide subject matter expertise on global OTC Derivatives trade reporting across all relevant jurisdictions.
• Continually improve oversight programs.
• Implement automated trade reporting controls.
• Liaise with various internal stakeholders.
• Execute monitoring procedures to ensure compliance.
• Help develop and maintain policies and procedures related to swaps rules.
• Assist with drafting annual compliance reports.
• Coordinate regulatory exams.
• Perform surveillance activities.
• Draft responses to regulatory inquiries.
• Advise on global OTC Derivatives trade reporting and ensure ongoing compliance with regulations such as CFTC, SEC, MAS, ASIC, HKMA, EMIR, MX LOPR, CIRO, MiFID, SFTR, FINRA LOPR, CAT, and TRACE.
• Enhance the Second Line of Defense oversight program, including daily monitoring and automation of reporting controls.
• Work closely with Sales & Trading, Supervision & Governance, Regulatory Operations, Technology, and Regulatory Management teams.
• Provide compliance advisory services to Global Markets personnel across multiple asset classes.
• Participate in discussions on new derivatives rules and business development opportunities to assess regulatory impact.
• Draft and maintain key policies and procedures related to CFTC and SEC swaps rules.
• Assist with regulatory exams, internal audits, and compliance reviews, including drafting written responses.
• Perform electronic and voice communications surveillance and escalate issues as appropriate.
• Collaborate with Technology, infrastructure support groups, and Legal across multiple jurisdictions.

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

What This Job Offers

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