Compliance Specialist - BSA/OFAC Data Analytics Officer

1 month ago
# of Openings


CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at


CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders. 


CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance – so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.


Every year, CIBC is recognized for its business success, community commitment and employee initiatives.  We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.


CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran


This individual will be responsible for overseeing the technology elements that support the Bank’s BSA/AML and Economic Sanctions Compliance program. The role primarily includes management and governance over the Bank’s automated transaction monitoring system, including conducting periodic rule tuning to ensure system optimization and effectiveness.  The role will also be responsible for testing and oversight of the Economic Sanctions filters to ensure the screening tools are sufficiently tuned to address the Bank’s sanctions’ risk.  Additionally, the role is responsible for developing and running ad hoc reporting and performing analytic evaluation of significant data sets to help identify suspicious or unusual activity and facilitate risk reporting and assessment.  Participate in data quality efforts and expansion of transaction monitoring coverage to meet regulatory requirements, as well as expanding strategic and business initiatives. 


  • Manage day-to day maintenance and processing for the Bank's transaction monitoring system to ensure data integrity and quality, including reviewing, repairing and reconciling data to source systems.
  • Perform ongoing monitoring of AML transaction monitoring rule performance; recommend new rule implementations, ongoing tuning of existing rule inventory, and testing/documenting calibration activities of the platform to ensure system effectiveness and optimum results.
  • Assist in evaluation of new products, services, and business lines to ensure appropriate monitoring coverage.
  • Leverage suspicious activity patterns, industry risks and trends and incorporate this information into the overall coverage of the AML and fraud monitoring program.
  • Monitor BSA and fraud key performance and key risk indicators; prepare and provide senior management and board-level reporting.
  • Collaborate with internal technology and operations partners and external vendor to ensure dependencies are identified and supporting systems are operating effectively.
  • Assist in performing annual risk assessment by extracting and combining data from various Bank systems, charting trends and outliers, identifying deviations in peer groups, etc.
  • Participate in independent model validations in accordance with the Bank’s Model Risk Management Policy.



The successful candidate will possess the following qualifications:

  • Bachelor's degree
  • Understanding of BSA, AML and OFAC regulatory requirements
  • Proficient in Microsoft Word, PowerPoint, Excel (e.g., pivot tables, building formulas and macros) and SQL (preferred)
  • Ability to multi-task, and demonstrate poise under pressure
  • Knowledge and experience in model risk management concepts, a plus
  • Strong verbal, written, and interpersonal communication skills with the ability to interact with varying levels of Bank personnel
  • Excellent collaboration skills as the Specialist will work closely with members of the Compliance Department as well as line of business and executive management
  • The ability to develop effective recommendations for mitigating identified compliance risks and issues
  • Coaching, mentoring and/or training of junior compliance professionals



Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed