Director, Compliance

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What You’ll Be Doing

Risk Management is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include, but are not limited to, ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, regulatory, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups. The Compliance Department provides timely and proactive advice and independent oversight of CIBC’s compliance with applicable regulatory requirements. Together with the businesses, the Compliance Department works to manage and mitigate regulatory risk. Reporting to the Senior Director, Deposits and Investments, the Director provides specialized expertise, advice, strategy, and independent monitoring and oversight regarding regulatory compliance with market conduct obligations primarily involving retail deposit products (including bank accounts, GICs and other investment products; both registered and non-registered, debit cards and overdraft) for CIBC and its direct bank and the digital banking division, Simplii Financial. Additional accountabilities include oversight of various other sundry products/services (i.e., safety deposit boxes, GMTs, etc.) and in providing assistance to Senior Director with other oversight responsibilities under the portfolio. The incumbent may also provide coverage for the Senior Director during periods of absence.
- 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._

How You’ll Succeed

You will support the Canadian Retail Banking Compliance mandate, in consultation with the Senior Director as necessary, as follows:
- Compliance Oversight - You will lead the assessment of development and introduction of new products, services and business initiatives; advising on mitigating controls (including policies/procedures) necessary to address regulatory risks; timely and on-going identification, risk assessment and communication of changing regulatory requirements; effective and timely discussion, escalation and reporting of regulatory compliance risks and issues; establishing an appropriate regulatory compliance culture and supporting the business in achieving its strategic objectives while ensuring effective management of regulatory compliance risk and control processes.- Regulatory Oversight - You will analyze new and pending laws, regulations and industry commitments that affect areas of responsibility ensuring that relevant issues and organizational risks are identified and raised for consideration by management in formulation and revision of policies, procedures and other control measures for regulatory compliance. You will also provide advice, recommendations and assistance in developing policies, procedures, training, and communications to ensure compliance.- Issues Resolution Management - You will oversee or monitor the satisfactory resolution of complex, contentious or sensitive regulatory compliance issues, with significant product or business line implications, such as implementation of new client disclosure requirements, action plans to address a procedural non-compliance issue identified by external regulators, actions to address regulatory compliance control deficiencies, etc. Ensure that all significant compliance issues, such as deficiencies or regulatory risks (including Regulatory Compliance Issues (RCIs)) are reported to the Senior Director, the VP Compliance, the regulator, the Chief Compliance Officer and senior management, as appropriate.

Who You Are- 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.- Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.- You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.-
- It’s an asset if you have knowledge of regulatory/compliance policies, procedures and methodologies sufficient to draft strategies and provide