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

This role requires a deep understanding of banking regulations, enterprise risk management, and leadership skills to guide the first line of defense and collaborate across functional areas.

US Compliance delivers on the global Compliance mandate by providing timely, proactive advice and independent second line oversight to the US Capital Markets, US Commercial Banking and Wealth Management lines of business.  US Compliance supports these lines of business by being proactive advisors, trusted specialists and value-added partners. Together with the lines of business and in line with CIBC’s Risk Appetite Statement, US Compliance works to identify, assess, manage and mitigate regulatory compliance risk to protect CIBC’s reputation and brand, while helping CIBC become a strong, innovative and relationship-oriented bank for a modern world.

JOB PURPOSE 

The Senior Compliance Officer will support CIBC Bank USA and CIBC Inc. (collectively “Bank”) and play a pivotal role in ensuring that the Bank adheres to all applicable laws, regulations, and internal policies. The Senior Compliance Officer reports to the Deputy Chief Compliance Officer (CCO) and supports US Compliance mandate to lead and manage the bank's consumer compliance program, including monitoring and reporting on the effectiveness of the program, developing strategies to improve compliance, and fostering a culture of integrity and ethical behavior across the organization. This role requires a deep understanding of banking regulations, enterprise risk management, and leadership skills to guide the first line of defense and collaborate across functional areas.
 

KEY ACCOUNTABILITIES

Support the Bank's compliance with all applicable federal, state, and local banking regulations and other relevant regulatory frameworks

Monitor and analyze changes in regulations and ensure the Bank's policies and procedures are updated accordingly

Provide guidance and interpretation of regulations to internal stakeholders, ensuring that all departments are aware of their compliance obligations

Assist with the development of content of compliance training programs for employees, management, and the board of directors

Oversee the complaint management program and lead research and response of regulatory-related complaints, including responses to regulatory agencies

Support the execution of the bank’s compliance risk assessments to identify potential areas of compliance vulnerability and risk, and develop corrective action plans for resolution

Support preparation of regular compliance reports to compliance and risk executive management and relevant risk committees, highlighting key risks, issues, and progress on compliance initiatives.

Ensure that all compliance-related documentation, including policies and procedures, is accurate, up-to-date, and readily accessible

Mentor and develop junior compliance team members, fostering a culture of continuous improvement and professional growth

Work closely with other departments, including Legal, Risk Management, Internal Audit, and Infrastructure groups, to ensure a coordinated approach to compliance across the bank

Serve as a subject matter expert on compliance-related issues, providing advice and support to business units on the development and implementation of compliant processes and procedures

Participate in strategic planning initiatives, providing compliance insights to support the bank's growth and operational goals

Lead investigations into compliance violations or breaches, ensuring timely and thorough resolution of issues

Monitor industry trends, best practices, and regulatory developments to proactively enhance the bank's compliance program

Drive continuous improvement initiatives to streamline compliance processes, reduce risk, and increase efficiency

Regular contact with industry professionals to discuss and benchmark similar risks, processes and issues

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.  

AUTHORITIES/DECISION RIGHTS 

As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

CONDUCT & CULTURE RISK

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

KNOWLEDGE AND SKILLS

Proven leadership and management experience, with a track record of successfully leading compliance teams.

Ability to exercise a high degree of independent judgement and make sound decisions

Expert interpersonal, communication and problem-solving skills, including effective engagement with all levels of the organization, including senior management, board of directors and regulators

Extensive knowledge of applicable banking laws and compliance and enterprise risk frameworks

Ability to drive innovation or new ideas across areas of responsibility

Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment

Bachelor’s degree in Business, Finance, Law, or a related field (Master’s or JD preferred).

Minimum of 12 years of experience in compliance, risk management, or legal roles within the banking or financial services industry.

Bachelor’s degree in Business, Finance, Law, or a related field (Master’s or JD preferred).

Advanced Excel, Word, and PowerPoint skills CRCM preferred

RATE OF PAY: $130,000-150,000.00 per year.

 

CIBC is an Equal Opportunity Employer M/F/Disability/Veteran.

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.

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, 10th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Compliance Reporting, Compliance Testing, Decision Making, Regulatory Compliance, Risk Assessments, Strategic Advice