Enterprise Risk Management Director

1 month ago(11/7/2017 1:05 PM)
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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.com/US.


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




The Director, US ERM Programs is accountable for supporting the Executive Director, Head of US ERM Programs in the development of the following:

  • Risk Identification Framework – building the foundation for sound risk management and identification of material risk through ongoing collaboration with local Lines of Business.
  • Risk Policy and Governance – developing and maintaining risk policies in alignment with the ever-changing regulatory landscape.
  • Risk Appetite – building and monitoring Risk Appetite Statements tailored to local strategy as well as risk capacity and constraints.
  • Recovery and Resolution Planning – developing and testing recovery and resolution planning leveraging knowledge of local operations and business model.
  • Capital Stress Testing – managing governance processes with respect to stress testing, ensuring compliance with qualitative regulatory requirements.
  • Risk Management Projects – tracking performance around risk management programs to build and ensure effective operationalizing of requirements.



  • As Lead Risk Identification Steward, the Director will support the Executive Director, Head of US ERM Programs in ensuring compliance with the regional Risk Identification Framework and associated processes. This includes the advancement of regional policies and procedures for Risk Identification, maintenance of the Risk Taxonomy, and ensuring robust and high quality documentation of annual Risk ID processes.
  • Driving and participating in continual improvement projects across various ERM Workstreams to meet regulatory expectations.
  • With respect to US stress testing, including DFAST, ensure compliance with Enterprise Wide and US Stress Testing Policies, while advancing framework, governance and process documentation. Work with the DFAST stakeholders to facilitate the governance process for capital stress testing.
  • Working closely with the Risk Policy group in Toronto, coordinate and support the ongoing integration and maintenance of other US risk policies, creating and maintaining regional policy supplements where required.
  • Support the Executive Director, Head of US ERM Programs in ensuring ongoing region-wide compliance with the US Risk Appetite Framework and monitoring of RAS metrics. Manage data quality and facilitating the ongoing documentation, enhancement, and refinement of regional risk appetite statements aligned with the Parent Bank and regulatory expectations.
  • Coordinate US resolution planning, providing a key Risk Management interface with Legal, Treasury and Financial Crisis Management Group in drafting and revising resolution plans and associated reports and presentations. 


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


  • 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.




  • Successful candidates must exhibit CIBC’s values of trust, team work, and accountability
  • Graduate degree in Finance, Business or Economics
  • Strong risk management experience, including solid knowledge of the financial markets and regulatory environment
  • Previous experience in policy development
  • Excellent oral and written communication skills
  • Strong research skills and analytical capabilities
  • Ability to assimilate and interpret analysis and trends in order to reach conclusions regarding the type and magnitude of risk across all risk types and  businesses for strategic decision making purposes
  • Strong relationship management skills and team-orientation
  • Superior time management skills, with ability to effectively prioritize



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