CIBC US
Assistant Controller, U.S. Region
CIBC US, 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.comThe U.S. Region of Canadian Imperial Bank of Commerce (“CIBC”) is focused on deepening client relationships by delivering a full range of financial products and services to CIBC’s clients in the U.S. Region. The U.S. Region is largely focused on middle market Commercial Banking for Commercial and Commercial Real Estate clients (through CIBC Bank USA), Capital Markets (through CIBC World Markets Corp. and the New York Branch of CIBC) and Private Wealth Management (through CIBC Private Wealth Advisors, Inc., CIBC National Trust Company and CIBC Delaware Trust Company). The U.S. Finance team is responsible for supporting both the combined U.S. operations of CIBC (US GAAP, legal entity-based financials) as well as the U.S. Commercial & Wealth Management strategic business unit of CIBC (IFRS, management reporting-based financials).Job Purpose
The Assistant Controller, U.S. Region, will be accountable to the Vice-President, Corporate Controller and Chief Accounting Officer, U.S. Region, for providing, alongside an existing Assistant Controller, U.S. Region, additional leadership and oversight of a portfolio of teams and subject matter areas within the U.S. Finance—Controllership group for the combined U.S. operations of CIBC. The primary objective of the U.S. Finance—Controllership group is to ensure accurate, complete and timely accounting records and financial reports (statutory and regulatory) in accordance with U.S. generally accepted accounting principles and internal accounting policies and the CIBC governance and control framework.Key Accountabilities
Internal Controls Over Financial and Regulatory Reporting
Establish and maintain a control environment that is consistent with CIBC’s needs and the requirements of the regulators and auditors for the combined U.S. operations.Manage the U.S. Region SOX/ICFR Governance Office to ensure a robust internal control over financial and regulatory reporting environment.Serve as the U.S. Finance—Controllership team’s point person/relationship manager with internal audit and external auditors with respect to the SOX/ICFR program.Lead U.S. Region-wide training and awareness for SOX/ICFR control owners.Quality Assurance Program for Regulatory Reporting
Manage the team executing the Quality Assurance Program for U.S. Regulatory Reporting, which is an independent function designed to validate the completeness and accuracy of the combined U.S. operation’s high-risk regulatory reports.Serve as the U.S. Finance—Controllership team’s point person with internal audit and regulatory agencies.Facilitate coordination and collaboration between the SOX/ICFR Governance Office and the Quality Assurance Program function.Collaboration with Product Control Functions for Capital Markets and Private Wealth Management
Collaborate on a frequent basis with the Capital Markets Product Control and Private Wealth Product Control functions.Policy & Procedure Management
Collaborate with the U.S. Finance Centralized Governance & Controls team to ensure key policies and procedures are documented.Stay current on best practices in control design and operation.People Management
Provide leadership and effective management of team members within the assigned subject areas.Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the group’s priorities.Build team and individual capabilities by providing development opportunities.CROSS-FUNCTIONAL RELATIONSHIPS
SOX/ICFR Control Owners – Oversee communication with SOX/ICFR Control Owners.Internal Audit – Serve as primary senior point person with the ICFR Testing Team.External Auditors – Serve as the primary senior point person with external auditors.U.S. Regulatory Agencies – Interact with U.S. regulatory agencies.Compliance Requirements/Responsibilities
As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies.AUTHORITIES/DECISION RIGHTS
This job has the authority to recommend changes to business processes.This job has the authority to assign tasks to employees within their span of control.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.Knowledge And Skills
A finance leader and Certified Public Accountant (CPA) with expert knowledge of accounting and auditing standards in the U.S.Robust professional experience in the area of SOX/ICFR controls.At least 12-15 years of relevant professional experience.Strong knowledge of financial institutions and the U.S. financial services industry.Excellent communication skills in oral and written presentations.Bachelor’s degree or higher in Accountancy or related field.Strong technology skills, including Microsoft Word, Excel and PowerPoint.What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee.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 spaces and technological toolkit will make it simple to bring together great minds.We cultivate a culture where you can express your ambition.What You Need To Know
CIBC is committed to creating an inclusive environment.You need to be legally eligible to work at the location(s) specified above.We may ask you to complete an attribute-based assessment and other skills tests.Job Location
IL-120 S LaSalle St, 5th FlEmployment Type
RegularWeekly Hours
40Skills
Deliverables Management, Executive Relationship Management, Financial Analysis and Reporting, Financial Consulting, Financial Statements, Governance Reporting, Leadership, People Management, Regulatory Requirements, Risk Assessments
#J-18808-Ljbffr
The Assistant Controller, U.S. Region, will be accountable to the Vice-President, Corporate Controller and Chief Accounting Officer, U.S. Region, for providing, alongside an existing Assistant Controller, U.S. Region, additional leadership and oversight of a portfolio of teams and subject matter areas within the U.S. Finance—Controllership group for the combined U.S. operations of CIBC. The primary objective of the U.S. Finance—Controllership group is to ensure accurate, complete and timely accounting records and financial reports (statutory and regulatory) in accordance with U.S. generally accepted accounting principles and internal accounting policies and the CIBC governance and control framework.Key Accountabilities
Internal Controls Over Financial and Regulatory Reporting
Establish and maintain a control environment that is consistent with CIBC’s needs and the requirements of the regulators and auditors for the combined U.S. operations.Manage the U.S. Region SOX/ICFR Governance Office to ensure a robust internal control over financial and regulatory reporting environment.Serve as the U.S. Finance—Controllership team’s point person/relationship manager with internal audit and external auditors with respect to the SOX/ICFR program.Lead U.S. Region-wide training and awareness for SOX/ICFR control owners.Quality Assurance Program for Regulatory Reporting
Manage the team executing the Quality Assurance Program for U.S. Regulatory Reporting, which is an independent function designed to validate the completeness and accuracy of the combined U.S. operation’s high-risk regulatory reports.Serve as the U.S. Finance—Controllership team’s point person with internal audit and regulatory agencies.Facilitate coordination and collaboration between the SOX/ICFR Governance Office and the Quality Assurance Program function.Collaboration with Product Control Functions for Capital Markets and Private Wealth Management
Collaborate on a frequent basis with the Capital Markets Product Control and Private Wealth Product Control functions.Policy & Procedure Management
Collaborate with the U.S. Finance Centralized Governance & Controls team to ensure key policies and procedures are documented.Stay current on best practices in control design and operation.People Management
Provide leadership and effective management of team members within the assigned subject areas.Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the group’s priorities.Build team and individual capabilities by providing development opportunities.CROSS-FUNCTIONAL RELATIONSHIPS
SOX/ICFR Control Owners – Oversee communication with SOX/ICFR Control Owners.Internal Audit – Serve as primary senior point person with the ICFR Testing Team.External Auditors – Serve as the primary senior point person with external auditors.U.S. Regulatory Agencies – Interact with U.S. regulatory agencies.Compliance Requirements/Responsibilities
As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies.AUTHORITIES/DECISION RIGHTS
This job has the authority to recommend changes to business processes.This job has the authority to assign tasks to employees within their span of control.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.Knowledge And Skills
A finance leader and Certified Public Accountant (CPA) with expert knowledge of accounting and auditing standards in the U.S.Robust professional experience in the area of SOX/ICFR controls.At least 12-15 years of relevant professional experience.Strong knowledge of financial institutions and the U.S. financial services industry.Excellent communication skills in oral and written presentations.Bachelor’s degree or higher in Accountancy or related field.Strong technology skills, including Microsoft Word, Excel and PowerPoint.What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee.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 spaces and technological toolkit will make it simple to bring together great minds.We cultivate a culture where you can express your ambition.What You Need To Know
CIBC is committed to creating an inclusive environment.You need to be legally eligible to work at the location(s) specified above.We may ask you to complete an attribute-based assessment and other skills tests.Job Location
IL-120 S LaSalle St, 5th FlEmployment Type
RegularWeekly Hours
40Skills
Deliverables Management, Executive Relationship Management, Financial Analysis and Reporting, Financial Consulting, Financial Statements, Governance Reporting, Leadership, People Management, Regulatory Requirements, Risk Assessments
#J-18808-Ljbffr