Head of CCAR

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

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

What you'll be doing:

CIBC US’s CCAR Office will be established to oversee the annual Comprehensive Capital Analysis and Review (CCAR) of CIBC Bancorp USA Inc. (the “Company”), required by the US Federal Reserve Bank.

The Head of CCAR Office will help build out CCAR capabilities to prepare the Company for CCAR readiness, define and enforce CCAR program governance, and ensure that distinct work streams are built out in a robust and coordinated fashion that adheres to regulatory expectations prior to the Company becoming subject to CCAR requirements and that appropriate links are drawn across these work streams; stress testing execution is supported by the appropriate level of resources; business partners, executives and the Board of directors are engaged as appropriate.

How you'll succeed:

• CCAR Program Governance : Define and implement a comprehensive CCAR program, supported by robust policies and procedures; articulate structure for and governance of the CCAR program with key work streams to cover all aspects of CCAR

• CCAR Program Development and Execution : Lead the development and execution of CCAR Program, including underlying scenarios, and work with key individuals and work steams, ensuring that execution is supported by the appropriate level of resources

• CCAR Documentation and Reporting : As the bank becomes subject to CCAR, ensure accurate and timely preparation of CCAR-related documentation, including the CCAR submission, Board reports, Capital Plan and regulatory filings; responsibilities will include interacting with regulators to answer questions related to the CCAR program

• CCAR Process Improvement : Continuously evaluate and enhance the CCAR process, leveraging technology, automation, and best practices to achieve target states across all the key CCAR components; ensure and maintain robust linkages between the BAU capital planning exercises and CCAR

• Thought Leadership : Coordinate teams across the bank that are responsible for the various aspects of the CCAR program with clear vision of what “good” looks like to ensure key decisions are supported by robust rationale and ensure a successful build out of CCAR capabilities

• Stakeholder Management : Collaborate with relevant bank stakeholders (e.g., Finance, Risk, Treasury, TI&I, LOBs) to gather/ provide necessary information, and ensure robust build-up and smooth execution of CCAR-related activities; coordinate with various governance committees, such as the Capital Stress Testing Committee and the Capital Planning Committee, and any new committees/ working groups created by the bank to cover all aspects of CCAR

• Lines of Business Engagement : Collaborate with LOB stakeholders and promote effective communication and participation across business lines in the CCAR production process, including (but not limited to) review and challenge the assumptions and forecasts; influence and lead senior leaders across the organization using sound judgment, successful execution, and understanding how to operate effectively across diverse businesses.

• Data Gathering, Preparation, and Governance : Oversee design and build out of appropriate data governance to ensure that data is complete, consistent, correct, accurate, and timely for internal testing and future submission to the US Federal Reserve Bank; oversee determination, design, and implementation of CCAR production infrastructure, data, and technology needs (e.g. modeling data, model production environment, regulatory reporting) .

• Regulatory Compliance : Stay up-to-date on regulatory requirements/ guidelines related to CCAR to ensure a successful build out of the program, and engage with senior stakeholders and regulators to address any queries or concerns related to the CCAR roadmap and CCAR submissions (once the bank becomes subject to CCAR).

• Industry Awareness : Stay informed about industry trends, regulatory changes, and emerging best practices related to CCAR and capital planning more broadly.
• IA and Controls : Coordinate with Internal Audit and relevant Control teams (e.g., Model Validation/ Risk Management) to ensure effective controls are in place across the CCAR lifecycle and there is clear alignment of expectations related to CCAR problems; offer solutions and manage senior stakeholder expectations.

Who you are:

• Extensive experience (10+ years) in financial services, risk management, regulatory compliance, or similar, with focus (ideally) on capital planning and/ or capital stress testing/ CCAR;
• Strong content knowledge of financial products (ideally within Commercial Banking, Wealth Management, Capital Markets), risk management principles, capital management/ allocation strategies;
• Strong understanding of US regulatory requirements/ guidelines related to CCAR, capital stress testing, and capital adequacy;
• Experience leading organization-wide cross-functional programs, successfully managing competing priorities in a complex and dynamic environment, and interacting with senior stakeholders to drive convergence;
• Ability to drive day-to-day discussions with work streams owners and effectively communicate complex concepts to diverse senior audiences (senior management, board, regulators).

What CIBC offers

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.

• Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.

• Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.

• Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

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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 during the application or interview process, 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.

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 .

Job Location

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Credit, Business Development, Credit Policies, Credit Risk Management, Financial Analysis, Long Term Planning, People Management, Portfolio Management, Problem Solving #J-18808-Ljbffr

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