Risk Analytics Process Enhancement, Compliance Manager

at CIBC in Chicago, Illinois, United States

Job Description

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 (https://www.cibc.com/en/about-cibc.html)

Overview

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning. CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world. Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all of our team members can excel.

Responsibilities

Risk Analytics Process Enhancement, Compliance Manager :

As Risk Analytics & Infrastructure (RAI) process enhancement project manager, you will directly report to the Head of Risk Analytics Process Enhancement and be responsible for (1) development and maintenance of processes and standards critical to the team’s success; (2) project management for risk data and analytics enhancement project; (3) coordination & collaboration with others in risk management, audit, and lines of business across the 3 lines of defense to help ensure CIBC US meets relevant short-term and long-term regulatory expectations on risk analytics; (4) management of relationship and programs development with IT and corporate/enterprise data owners

Key responsibilities and accountability:

+ RAI process enhancement – promote and facilitate achievement of higher robustness and efficiency via standardization, optimization, and automation to enhance risk analytics processes

+ Measuring / reporting the cost and benefits of RAI

+ Manage RAI compliance to satisfy Internal Audit, Model Risk Management, external audit and regulatory requirements

+ Coordinate response to risk analytics information requests, from both internal and external audit, regulatory examination and inquiry

+ Maintain awareness of upcoming or proposed industry regulatory actions and supervisory guidance, industry range of practice and best practices, and ‘lessons learned’ from similar projects at other banking organizations

+ Work together with other team members to ensure compliance with regulation and internal policy and procedures in project executing and deliverables, including RCSA, record management

+ Act as project manager for risk analytics project/programs to ensure on time and successful execution in support of the organization’s short term and long term risk management strategy

+ Understand and manage priorities of all stakeholders, manage competing and conflicting priorities to help achieve the best outcome for the organization

+ Track and report the status of all related risk projects

+ Escalate critical issues to ensure timely resolution and success of the risk analytics program

+ Prepare and create RAI training materials, regulatory presentation decks and other documentation, key message decks, group communications,

+ Collaborate with IT to ensure successful delivery of the team’s needs, on time, to spec, and within budget

+ Plan and help facilitate RAI team meetings and strategic planning sessions and other team building activities.

Qualifications

+ Exhibiting CIBC’s values of trust, teamwork, and accountability

+ 6-10 years of experience in banking risk management or internal audit, preferably in risk analytics or related areas

+ Experience in risk management with large US or foreign banking organizations preferred

+ Excellent project oversight and leadership skills

+ Superior time management skills, with ability to effectively prioritize

+ Strong process improvement skills

+ Strong relationship management and interpersonal skills

+ Track record of successfully coordinate cross-function teams

+ Excellent verbal and written communication and ability to effectively present information within and across team both verbally and in writing

+ Proficiency in MS Office, especially MS Word, Excel, PowerPoint, Sharepoint,

+ Exposure to the regulatory landscape of the banking industry

+ Bachelor / master degree with a major in economics, statistics, finance, accounting, business administration or related are area is preferred

+ Risk data and/or modeling, model risk management, IT experience is a plus.

Skill requirements

+ Executional excellence: You have the organizational skills, meticulous attention to detail, high sense of responsibility, and generalist skill set to take on a wide range of high priority tasks in support of the Chief Risk Analytics and Infrastructure Officer and Risk Analytics leadership team. You are dependable, and always deliver quality work

+ Communication skills: You excel in oral and written business communication that clearly convey process and compliance requirements, and demonstrate superior skills in writing thorough and effective policy, procedure, standards, and framework documents

+ Facilitation skills: You design thoughtful processes/ meeting agendas and are skilled at chairing or facilitating meetings or sessions that make progress on high stakes discussions with senior stakeholders

+ Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and results

+ Ability to resolve conflicts and competing priorities

+ Familiar with bank risk management and reporting rules, regulations and guidance such as Basel II/III, FRB SR11-7, CCAR, CECL, FR Y-9C, Y-14, Reg YY, Reg W, OSFI E-23, MST, etc.

AUTHORITIES/DECISION RIGHTS

This job has the authority to recommend changes to business processes in order to enhance oversight, operational efficiency and effectiveness.

Compliance Requirements/Responsibilities

+ As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

Conduct and Culture Risk

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

+ Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls

+ At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals

+ Understanding and following the qualitative and quantitative components of our Risk Appetite Statements

+ Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings

+ Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon ob