US AML High Risk Enhanced Due Diligence Officer

2 months ago

Chicago, United States CIBC Full time
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

Job Description

Individual is responsible for timely execution of enhanced due diligence related to potentially high risk customers. These reviews include analyzing onboarding documentation, external research, negative news, PEP exposure, anticipated activity, and related parties to determine a final customer risk rating. The individual will also be responsible for determining whether or not the customer falls within CIBC's risk appetite.

KEY ACCOUNTABILITIES
  • Perform enhanced due diligence across the US customer segments, heavily focused on Alternative Investment Funds.
  • Engage members of the business, sanctions, reputational risk, legal, etc., based on the circumstances of the customer's relationship, to determine correct course of action.
  • Maintain and update procedures and job aids, offering suggestions related to best practices, efficiencies, and updates to ensure regulatory compliance.
  • Foster strong, collaborative relationships with members of US AML, Enterprise AML, and US Risk Management.
AUTHORITIES/DECISION RIGHTS

As a key contributor to the US AML group, this role recommends changes to the US AML enhanced due diligence processes and procedures to ensure relevant regulatory requirements are documented and processes are developed and implemented in the most effective and efficient manner to achieve regulatory compliance and appropriate management of risk.

KNOWLEDGE AND SKILLS
  • Prior AML/BSA investigative experience preferred;
  • General understanding of alternative investment customers preferred;
  • Undergraduate degree in related field (e.g., pre-law, political science, criminal justice, economics, finance, accounting) combined with at least 2 years demonstrated experience in compliance or financial services field preferred;
  • Sound knowledge of AML regulations, and underpinning governance and control requirements;
  • Highly motivated, disciplined self-starter with excellent interpersonal skills, including verbal and written communications;
  • Strong organizational and analytical skills with excellent attention to detail;
  • Ability to manage multiple workstreams at any given time;
  • Strong knowledge of Microsoft Office suite.
WORKING CONDITIONS
  • The role currently operates within a hybrid in-office + remote environment
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. 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 observing
  • activities that may be inconsistent with CIBC's policies, frameworks, guidelines, processes and controls
  • Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
  • Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC's reputation as a leading financial institution
California residents - your privacy rights regarding your actual or prospective employment

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 M[redacted]
  • 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
Compliance Monitoring, Compliance Programs, Customer Onboarding, Management Reporting, Regulatory Compliance Management, Regulatory Reporting, Sanctions Screening, Suspicious Activity Reporting (SAR)

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