Senior Consultant, Governance, Risk & Controls
Canadian Imperial Bank of CommerceWe’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
You’ll join our Governance Risk and Controls team reporting into the Director, Risk, Governance and Controls. As a Senior Consultant Governance, Risk & Controls, you’ll work in growing area of the bank that manages operational risk, regulatory supervision, standardized testing, loss management, Global Technology, Data and AI. As part of the Governance & Controls team you’ll consult on material, systemic and emerging risks and support the implementation of integrated control improvement solutions across technology and distribution channels. In addition, you will be accountable for providing consultation on the development, analysis and implementation of process changes or other activities which support our partners achieve their strategic objectives while achieving compliance with the data management policies and standards. 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 and provide risk consultation and advise on governance initiatives for Chief Administration Office (CAO) and Global Technology, Data & AI (GTDAI).
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 1-3 days per week on-site, while other days will be remote.
How You’ll Succeed
Relationship Management - 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.
Risk Assessment/Risk Consulting - 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. Support the Change Initiative Risk Assessment (CIRA) process ensuring all high inherent risks are identified and compliant to the CIBC CIRA process. Acts 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. Support all Internal Audits, Regulatory Compliance Risk Assessments , RCSAs and GORM Reviews for the LOB. Provides consultation on audit scope review & finalization, requests for information, fieldwork support and deficiency management. Provides ongoing risk advisory on management self-assessment processes, issue management, control design and implementation.
Control Framework Design/Execution/Management - 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.
Who You Are
You can demonstrate minimum 5 years’ experience and working knowledge of governance, controls, risk management principles, practices, policies and procedures with a background in Technology Audits. Significant experience in root cause analyses and investigative work is strongly preferred. You can demonstrate experience in supporting and communicating Control Framework requirements and support the development of new/changes to controls. It's an asset if you have knowledge and experience in Global Technology and AI.
You demonstrate experience in Retail Banking, Commercial Banking, Capital Markets and Wealth Management products and channels. You 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.
You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to synthesize information and communicate detailed information in an impactful way.
You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
#LI-TA
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).
We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-81 Bay, 30th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Business Controlling, Client Service, Compliance Monitoring, Group Problem Solving, Project Management, Regulatory Requirements, Risk Management Assessment, Work Collaboratively