Compliance Officer Compliance Officer …

Canadian Imperial Bank of Commerce
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Canadian Imperial Bank of Commerce
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Compliance Officer
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  • Compliance Testing Officer Job Location US-IL-Chicago Posted Date 2 months ago(7/23/2019 11:59 AM) ID 2019-5252 # of Openings 1
  • 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

    Services is a group of six functional departments comprised of Operations, Technology, Information Security, Project Management, Facilities, and Reconciliations at CIBC Bank USA (Chicago). Services’ goal is to maximize the investment in resources and technology while building an appropriate balance between high touch client service and the Bank’s fiduciary responsibility to protect its clients, the Bank, and its shareholders from undue risk.

    The Services First Line of Defense (1B - LOD) team supports the six departments and will be responsible for designing, implementing and managing an operational risk program. The Regulatory Risk Officer will report directly to the Head of Services Risk and Control and work closely Services management and other lines of defense to develop and implement well managed risk practices to ensure activities do not exceed the risk tolerance of the organization.

    Responsibilities

    • Develop regulatory risk testing procedures relevant to identified risk and test objectives
    • Conduct sample control testing in accordance with established standards and protocols to determine whether the controls are operating effectively
    • Prepare work papers documenting test results that adequately support conclusions
    • Draft testing reports summarizing findings and recommendations
    • Collaborate with business units in developing and monitoring corrective actions responding to review findings
    • Possess strong analytical skills to identify, document, present and report issues
    • Exhibit well-developed organizational skills to manage competing priorities
    • Demonstrate strong oral and written communication skills with the ability to adhere to strict documentation requirements
    • Maintain high level of regulatory compliance knowledge in deposit or lending related regulations
    Qualifications
    • 3-5 years of broad compliance experience required
    • 6-8 years of compliance testing and monitoring experience preferred
    • Bachelor's Degree or equivalent
    • Data analysis and visualization skills using Excel or other analysis software
    • Strong oral and written communication skills at all levels of an organization
    • Advanced knowledge of industry regulations applicable to Service's functions such as NACHA Operating Rules, Unclaimed Property laws, etc. a plus
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