Director, Third Party Risk

Director, Third Party Risk page is loaded Director, Third Party Risk Apply locations Toronto, ON time type Full time posted on Posted 3 Days Ago job requisition id 2410569

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

You’ll join CIBC’s Risk Third Party Governance Office (TPGO) within Information Security, leading a team of third party risk consultants working together towards achieving the same goal – protecting Our Bank, Our Clients, and Our Employees.

As a Director, Third Party Risk, your goal is to ensure that CIBC’s third party risk methodology practices are executed to a high standard, and our business partners understand third party risks that we manage and monitor. You are responsible for developing, executing and maintaining sustainable processes, tools and services that support TPGO’s key risk assessment, measurement and monitoring functions. This includes overseeing third party due diligence activities managed by TPGO, including risk reports from start to finish, and monitoring and reporting of associated key risk metrics. 

To accomplish this, you need to be passionate about processes, people leadership, partnership, and adopting a continuous improvement mindset.

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

• Strategy and Vision: assess the current state of our processes and tools, and maintain a roadmap for improvements that are executed upon

• Process and Service Management: maintain and execute on an inventory of processes and services. Build appropriate controls and checkpoints to ensure work product is accurate, complete and adheres to CIBC process documentation and methodology.

• Relationship Building: establish and maintain relationships with the Risk Advisory community, to understand their needs and drive the evolution of our processes and services. Provide education and promote awareness and understanding of our risk methodology practices.

• People Leadership: build, coach and motivate the team to accomplish the delivery of our team capabilities.

• Thought Leadership and Benchmarking: act as subject matter expert on industry methodologies and frameworks related to third party risk, perform industry research and benchmarking on best practices regarding risk assessment methodologies and governance.

Who you are

• Third Party risk knowledge: you have a deep understanding (eg. >5 years of experience) of how key risk assessment processes (eg. Third party risk assessments, information security assessments, etc.) are executed and integrate with broader frameworks (eg. Technology delivery, Operational Risk Framework, Third Party Risk Management).

• Tools: you understand risk register tools (eg. Coupa, Archer, eGRC) and provide thought leadership, business casing and project execution to better our tools and workflow. A security certification (eg. CISSP, CSIM, or equivalent) is an asset

• You have demonstrated strong accountability in ensuring process documentation and associated work product artifacts are maintained and robust.

• You can demonstrate experience in dealing with partners such as internal controls testing and audit, to demonstrate the function’s services are meeting partner expectations.

• You have a continuous improvement mindset. You take a balanced “run” (operational) and “change” (evolution) approach to leading the team.

• You are a bold and accountable leader. You have experience (eg. >3 years) developing and implementing strategic team goals, coaching employees and driving successful team performance.

• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

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

• 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 tests (such as simulation, coding, French proficiency, MS Office). 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.

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At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.