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Credit Risk Management Regulatory Compliance Manager

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

Serves as the Credit Risk Management representative for regulatory, Internal Audit and self-identified deficiency remediation along with other reporting requirements to meet management and regulatory expectations. The role is responsible for contributing to projects that impact credit risk management through in-depth research analysis, interpretation, documentation, and advice on moderately complex information. The role applies subject matter expertise to consult with management on process improvements, to deliver high quality processes and procedures while ensuring compliance with CIBC requirements standards, work practices, processes, security standards and policies. The role participates in risk management projects, supporting the execution of a satisfactory risk plan that incorporates successful audit, and continuous audit and monitoring.

Key Accountabilities:
  • Serves as the Credit Risk Management representative in the Regulatory Compliance Management project and the Emerging Risk(s) initiative
  • Responsible for documenting, assessing, and tracking the bank's compliance with regulatory requirements related to Credit Risk. Activity includes an annual risk assessment that scores the inherent risk of a given Credit Risk regulation and the control environment in place at the CUSO related to that control environment
  • Plays a key role in assessing and monitoring the design and effectiveness of controls in place around regulatory compliance related to Credit Risk
  • Monitor changes in regulations impacting Credit Risk and assess the bank's compliance with any changes to the regulation around Credit Risk
  • Responsible for execution of regulatory initiatives as they arise
  • Supports a strong and effective relationships with U.S. and Canadian Regulators including but not limited to the Federal Deposit Insurance Corporation, Federal Reserve Bank, the New York State Department of Financial Services, The Office of Supervision of Financial Institutions (Canada) and other Regulators as required to ensure that their needs and expectations are met and if possible, exceeded on a timely basis.
  • Participate in designated meetings with regulators, coordinate preparation for meetings and be responsible for post-meeting follow-up
  • Manage Credit Risk related examination processes, including providing support to on-site exam teams as required.
    • Participate in designated meetings with Regulators
    • Coordinate preparation for meetings and be responsible for post-meeting follow-up
    • Monitor and ensure timely response to all exam-related or other inquiries and requests from Regulators.
    • Collect and assess information from business units, as necessary to ensure appropriate responses.
    • Partner with internal stakeholders ensure accuracy and timeliness of information provided to regulators.
    • Provide secondary review of exam related items prior to providing to regulators.
  • Collaborate with team members in Compliance and Internal Audit to ensure a consistent approach to credit risk and ensure there is a robust exchange of information and ideas
  • Responsible for timely remediation of Compliance/Audit findings
Cross Functional Relationships:
  • Work in a matrix environment with Executives and Senior Management in the U.S. and Canada
  • Partner with internal line of business stakeholders, Regional Management, Finance, Compliance, Legal, and Technology
  • Engage with regulators as appropriate
Knowledge and Skills:
  • Strong project management skills and proven ability to review systems, process and procedures to establish efficiencies, eliminate duplication and provide organizational support that continually exceed targets.
  • Relationship management. Ability to establish productive relationships between various leaders, departments and partners across the organization and externally.
  • Develop strong relationships for effective interaction with U.S. and Canadian regulators.
  • High degree of knowledge of all CIBC legal entities and lines of business in the U.S. Region
  • Working understanding of the banking regulations applicable to CIBC's US businesses
  • Proven ability to be flexible and creative and adapt to changing environments
Qualifications:
  • Bachelor's Degree and 5+ years of risk management, audit, legal, regulatory or exam management experience.
  • Knowledge of applicable banking laws and regulations and federal/state banking industry regulators needed.
  • Ability to develop and maintain close working relationships with internal and external stakeholders.
  • Advanced PC (MSWord, Excel, Access, PowerPoint) skills.
  • Excellent oral and written communication and presentation skills.
  • Strong organizational skills, including ability to prioritize multiple simultaneous projects.
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 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
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.
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, French proficiency, 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-120 S LaSalle St

Employment Type
Regular

Weekly Hours
40

Skills
Business Effectiveness, Business Processes, Communication, Credit Risks, Critical Thinking, Leadership, Long Term Planning, Regulatory Compliance, Risk Culture, Risk Management, Strategic Objectives