Senior Consultant, Regulatory Compliance Management

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.

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What You'll Be Doing
The Senior Consultant, Regulatory Compliance Management (RCM) as part of the GORM team, designated as the Primary OF Lead, reporting to the Director, Operational Risk Management supports the designated RCM Accountable Officer in executing oversight activities and function as a subjective matter expert for specific regulatory requirements under their purview, to ensure the Bank's regulatory compliance risk is managed within acceptable levels and in accordance with CIBC's RCM Policy and supporting RCM documentation. The Senior Consultant, RCM is responsible for executing oversight activities, serving as a subject matter expertise for designated regulatory requirements, maintaining effective communication with Business Units and the RCM Portfolio Manager, and maintaining comprehensive documentation.

At CIBC, we are committed to providing a flexible work environment that enables you to thrive. You'll have the autonomy to manage your work activities within a hybrid arrangement, spending 1-3 days per week on-site, with the remainder remote.
How You'll Succeed

• Regulatory Monitoring and Communication: Monitor regulatory developments and communicate relevant updates to impacted business units and RCM Portfolio Managers (PMs) through the RD report in eGRC on a monthly basis. Analyze and assess the impact of regulatory changes, adjusting compliance strategies as necessary to ensure ongoing adherence to laws and regulations. Stay current on changes in laws, regulations, and industry standards, and update mitigation strategies as needed. Review complex legal and regulatory documentation, summarizing key requirements into clear, actionable guidance for stakeholders.
• Risk Assessment and Compliance: Conduct periodic, comprehensive risk assessments (RGT) to identify impacted business units, evaluate inherent risk of regulatory requirements, process and control effectiveness, and ensure timely completion in line with established methodology. Assess new initiatives (e.g., CIRAs) for regulatory risk, ensuring appropriate compliance measures are implemented. Advise on regulatory compliance risks related to product, service, or business changes.
• Escalation and Deficiency Management: Escalate identified regulatory risks and findings to the CCO or delegates, driving timely resolution through proactive deficiency management. Coordinate with business units to address regulatory compliance gaps, following established deficiency management protocols. Oversee remediation of compliance deficiencies and control testing results impacting RCM controls.
• Advisory, Coordination, and Relationship Management Advise business units on RCM program requirements and coordinate with RCM PMs to meet program expectations. Collaborate with stakeholders to ensure policies, procedures, and RCM controls are established for new regulatory requirements. Attend and participate in RCM Oversight Function meetings to provide program updates and share best practices. Maintain strong relationships with stakeholders to ensure effective oversight and mitigation processes.
• Effective Challenge and Mitigation Address challenges from RCM PMs and review comments from the RCM Quality Control (QC) team, implementing appropriate mitigants for non-compliance risks. Collaborate with GORM PMs and Risk Associates to challenge RCSA and CIRA assessments, ensuring RCM controls are robust and effective.
• Reporting and Metrics Development Support the OF RCM Accountable Executive in producing RCM-related reports. Develop and maintain metrics to measure and monitor regulatory compliance risk within your area of oversight.
• Leadership and Process Optimization Provide direction to stakeholders in executing the RCM Program, identifying and monitoring regulatory compliance risk, and implementing process improvements. Share insights and best practices to promote operational excellence in regulatory compliance management processes.

Who You Are

• A university degree and a minimum of 5-10 years of progressively responsible business experience.
• Extensive experience in regulatory compliance management, including reviewing complex legal or regulatory documentation, identifying key requirements, monitoring regulatory changes, and collaborating with business partners to ensure appropriate controls, policies and procedures are in place to address the corresponding regulatory requirements.
• Extensive knowledge of risk assessment, control concepts, and methodologies relevant to regulatory compliance management.
• Strong knowledge and understanding of risk and control principles, as well as the business and regulatory environments applicable to financial institutions.
• In-depth knowledge and understanding of CIBC Control Framework and regulatory environments within the financial industry
• Advanced problem-solving skills, with a demonstrated ability to address compliance issues and implement effective business controls.
• Excellent judgment and time management skills, with the ability to prioritize and manage multiple projects simultaneously.
• Proven ability to work independently and achieve objectives with minimal supervision.
• Strong relationship building skills, with the ability to establish and maintain effective partnerships with internal and external stakeholders.
• Exceptional verbal, written, and presentation skills, enabling clear communication and effective knowledge transfer across all organizational levels.

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-
• 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, 31st Floor

Employment Type
Regular

Weekly Hours
37.5

Skills
Quality Assurance Review, Quality Investigations, Regulatory Compliance, Regulatory Requirements, Risk Assessments, Strategic Objectives