1st Line Risk 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)

U.S. Technology Infrastructure and Innovation (US TI&I) spans the areas of Technology, Information Security, Deposit Operations, Loan Operations, Business Continuity Management, Data Management Office, Corporate Real Estate, Corporate Security, and Fraud Management. TI&I delivers operational excellence by effectively managing the technology and operations required to run the bank, enables the bank’s transformation by focusing on clients, innovating for the future and simplifying operations and supporting the bank’s growth objectives through flawless execution of strategic initiatives.

US TI&I Governance & Oversight is a first line of defense team which supports the departments referenced above. The Risk Manager will work closely with US TI&I Management and 2nd and 3rd lines of defense (Risk, Compliance, and Internal Audit) to develop and implement well managed risk practices to ensure activities do not exceed the risk tolerance of the organization. This role will be responsible for designing, implementing, and managing an operational risk program within US TI&I.

Job Responsibilities:

· Design, execute, and report on an operational risk based program for lines of businesses within US TI&I

· Lead, coordinate, and liaise between US TI&I Lines of Business Managers and other lines of defense

· Collaborate with business units in developing and monitoring corrective action plans when responding to Audit, Compliance, Self-Assessed, or regulatory examination findings

· Perform validation on findings within the US TI&I Lines of Business

· Provide risk guidance in developing, reviewing and maintaining operational risk and compliance policies and procedures as it relates to US TI&I Lines of Business

· Project manage, assist, and review risk & controls through the Risk and Control Self-Assessment; Risk Identification; and Change Initiative Risk Assessment processes, as applicable;

· Manage day-to-day risk issues &, when appropriate, raise emerging risks with the US TI&I Line of Business

· Maintain a listing of key and non key controls

· Mentor and coach US TI&I Governance & Oversight Team members

· Maintain awareness of regulatory changes across the industry, analyzing how the changes will affect the line of business, and creating a strategy to implement such changes within US TI&I

Qualifications:

· BS or MS (Risk Management, Business, Finance or similar) or equivalent professional/military experience

· 5-7 years of experience in audit/enterprise/operational risk management/or management consulting, required

· Experience auditing Lines of Businesses within US TII within these fields highly encouraged

· Background in Risk Management is encouraged and experience in Data Management and Procurement a plus

· Strong risk assessment framework knowledge and experience performing risk assessments covering key risks and controls a plus

· Strong project management skills, including the ability to adapt to change quickly, multi-task and demonstrate flexibility in prioritization based on requested tasks

· Working knowledge of financial, operational, compliance and reputation risks

· Data analysis and visualization skills using Excel or other analysis software

· Strong oral and written communication skills at all levels of an organization

· Forward thinker, strong drive, and ability to work independently in a team-oriented and fast-paced environment

· Comfortable performing ad-hoc statistical analysis using pivot tables, vlookup, complex formulas, and other advanced Excel functions to determine root causes and trends related to testing failures

· Strong working knowledge of regulatory requirements to perform and ensure an appropriate level of testing

California residents – your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)

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*, 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, 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.

Job Location

IL-70 W Madison St, 8th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Continuity, Control Frameworks, Decision Making, Group Problem Solving, Operation Risk Management, Risk Analytics, Risk Assessments, Risk Governance

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.