CIBC
Compliance Advisor
CIBC, Chicago, Illinois, United States, 60290
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
In support of CIBC's core purpose: to make our clients' ambitions a reality, Risk Management is accountable for the independent oversight of risk management inherent to CIBC's transactions and activities. These risks include but are not limited to ensuring effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively "CIBC Risk", incurred by CIBC's businesses, functional and corporate governance groups.
The Compliance Advisor will be instrumental in supporting the execution of the CIBC Bank USA and CIBC Inc.'s Compliance Risk Management program with a focus on consumer deposit, lending and credit-related laws and regulations. This role is responsible for providing compliance support and oversight to lines of business and operational areas and ensuring policies and procedures are maintained at a level commensurate with the Bank's risk appetite.
KEY ACCOUNTABILITIES
Stay abreast of relevant banking laws and regulations and industry trends applicable to CIBC Bank USA and CIBC Inc. Analyze regulatory developments and collaborate with first line of defense to assess the impact Assist with implementation of applicable regulatory changes across various lines of business and operational areas Evaluate business policies, procedures, and controls to identify compliance risks and work with impacted areas to develop corrective actions, if applicable Provide guidance to first line of defense on regulatory interpretation of consumer protection laws and regulation and advise, as necessary, actions to ensure compliance. Conduct research to support client complaints related to potential regulatory concerns Perform ongoing monitoring of certain regulations that apply to the line of business Collaborate with the lines of business to support completion of the annual risk assessment process, including completion of key and non-key control inventory Support management reporting to various oversight committees Perform other duties as assigned or requested
KNOWLEDGE AND SKILLS Five to seven years' experience in regulatory compliance with a focus on consumer protection laws and regulations in the banking industry Working knowledge of consumer protection laws and regulations Excellent communication and organizational skills with the ability to work independently and as a part of a team Strong research, analysis, problem-solving, and decision-making skills Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment Advanced Excel, Word, and PowerPoint skills. CRCM designation a plus Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
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. 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 #J-18808-Ljbffr
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
In support of CIBC's core purpose: to make our clients' ambitions a reality, Risk Management is accountable for the independent oversight of risk management inherent to CIBC's transactions and activities. These risks include but are not limited to ensuring effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively "CIBC Risk", incurred by CIBC's businesses, functional and corporate governance groups.
The Compliance Advisor will be instrumental in supporting the execution of the CIBC Bank USA and CIBC Inc.'s Compliance Risk Management program with a focus on consumer deposit, lending and credit-related laws and regulations. This role is responsible for providing compliance support and oversight to lines of business and operational areas and ensuring policies and procedures are maintained at a level commensurate with the Bank's risk appetite.
KEY ACCOUNTABILITIES
Stay abreast of relevant banking laws and regulations and industry trends applicable to CIBC Bank USA and CIBC Inc. Analyze regulatory developments and collaborate with first line of defense to assess the impact Assist with implementation of applicable regulatory changes across various lines of business and operational areas Evaluate business policies, procedures, and controls to identify compliance risks and work with impacted areas to develop corrective actions, if applicable Provide guidance to first line of defense on regulatory interpretation of consumer protection laws and regulation and advise, as necessary, actions to ensure compliance. Conduct research to support client complaints related to potential regulatory concerns Perform ongoing monitoring of certain regulations that apply to the line of business Collaborate with the lines of business to support completion of the annual risk assessment process, including completion of key and non-key control inventory Support management reporting to various oversight committees Perform other duties as assigned or requested
KNOWLEDGE AND SKILLS Five to seven years' experience in regulatory compliance with a focus on consumer protection laws and regulations in the banking industry Working knowledge of consumer protection laws and regulations Excellent communication and organizational skills with the ability to work independently and as a part of a team Strong research, analysis, problem-solving, and decision-making skills Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment Advanced Excel, Word, and PowerPoint skills. CRCM designation a plus Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
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. 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 #J-18808-Ljbffr