Compliance Audit Manager

Job Location US-IL-Chicago
Posted Date 4 months ago(11/1/2017 11:28 AM)
# 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


Position Summary: The Compliance Audit Manager is responsible for the development and execution of a risk based compliance audit plan that addresses all relevant regulations, laws, and standards. The position is responsible for leading and executing audits that conform to the International Standards for the Professional Practice of Internal Auditing (IIA Standards) and that are designed to assess the adequacy of the Bank’s control environment relating to compliance with Banking regulations. Additionally, the Compliance Audit Manager role will be responsible for leading, directing, evaluating, and developing audit professionals to ensure audit activities are conducted to high standards of accuracy, rigor, and credibility and according to regulations and industry standards.


  • Assist in the development of a comprehensive compliance audit plan that addresses key regulatory requirements and provides a sound third line of defense risk based coverage
  • Develop detail project plans that effectively incorporate appropriate risks, scope, staffing requirements, deliverables, timelines, budgets and client availability
  • Execute and document testing procedures for in-scope areas, including test of design, test of effectiveness and substantive testing to ensure results support audit conclusions and adherence to IA Department standards
  • Subject matter expert on compliance related matters affecting the Bank
  • Review testing documentation of seniors and staff to ensure the results support the testing conclusions and adhere to IA Department standards
  • Identify control gaps and opportunities for improvement
  • Vet issues with management at all necessary levels of the organization on a timely basis
  • Draft audit reports that accurately, clearly and concisely present the issue identified to key stakeholders
  • Effectively communicating findings to various levels of management
  • Develop and cultivate relationships with senior management and other key internal contacts, including Management Committee members and their direct reports
  • Work closely with management to promptly resolve any concerns that may arise and build trust. Serve as a business advisor and partner by providing the business unit and senior management with advice related to business issues and controls
  • Contribute to the positive and team-oriented culture by maintaining cooperative relationships (assisting other project teams when necessary), facilitating the resolution of conflicts, sharing information, and accepting and providing feedback
  • Provide guidance to the team in all phases of an audit as needed
  • Manage personnel effectively through coaching and mentoring. Guiding department personnel in their careers and providing learning opportunities
  • Demonstrate commitment to professional growth by assuming progressively more challenging assignments (in-line with standard audit career progression), proactively seeking relevant education and training opportunities, and expanding professional network
  • Ensure compliance with IIA Standards


Required Skills & Experience

  • Bachelor’s Degree in Accounting, Finance or related field is required
  • Professional certification such as a Certified Regulatory Compliance Manager (CRCM), Certified Public Accountant (CPA), or other compliance-related certifications. CRCM preferred
  • Strong knowledge of U.S. consumer banking regulations (e.g., BSA/AML, Fair Lending, Flood, Reg E, UDAAP, etc.)
  • 6+ years of relevant experience
  • Ability to work independently in areas of difficult or complex nature
  • Project management skills, including the ability to manage shifting priorities
  • Strong analytical, written/verbal communication, interpersonal, and relationship building skills
  • High level of expertise in collaboration and communication with internal and external parties
  • Exemplify a positive attitude, strong work ethic, team work and professionalism


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