• Consumer Compliance Advisor

    Job Location US-IL-Chicago
    Posted Date 4 months ago(2/2/2018 5:19 PM)
    # of Openings
  • Overview

    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 Advisory Compliance Officer (ACO) will assist in the development and implementation of CIBC Bank USA’s Compliance Risk Management Program focusing on consumer deposit, lending and credit-related laws and regulations. The ACO is responsible for providing compliance oversight and support to lines of business and operational areas and ensuring policies and procedures are maintained at a level commensurate with the Bank’s risk appetite.  The ACO will also assist with implementation of applicable regulatory changes across various lines of business and operational areas.  Duties and responsibilities will include but are not limited to:

    • Develop and maintain the applicable Compliance Programs to ensure policies and procedures are current and reflect regulatory and process changes.
    • Collaborate with the lines of business and operational areas on implementation of regulatory changes and provide guidance and support on projects and process enhancements.
    • Analyze regulatory changes and develop summary of requirements and impacts to the Bank.
    • Evaluate policies, procedures, and controls to identify risks and work with impacted areas to develop corrective action or performance gap closure.
    • Maintain the Bank’s SAFE Act MLO List and annual renewal process
    • Provide compliance advice and guidance regarding the development of marketing materials, including drafting product disclosures.
    • Serve as a subject matter expert of all consumer compliance deposit and lending-related laws and regulations to develop and execute training, contribute to the Bank’s Compliance Risk Assessment, and other activities necessary to maintain a satisfactory Compliance Risk Management Program.
    • Assist in the coordination of audit and exam materials.
    • Stay abreast of regulatory changes and industry trends.


    • Working knowledge of all consumer protection laws and regulations, including but not limited to Regulation CC, Regulation D, Regulation E, Regulation DD, ECOA, FHA, HMDA, UDAAP, TILA, FCRA, FDCPA, SAFE Act, MLA, SCRA, and RESPA.
    • 1-3+ years’ experience in regulatory compliance or loan operations/servicing in banking industry, or equivalent.
    • Advanced Excel, Word, and PowerPoint skills.
    • Excellent interpersonal skills, including verbal and written communications.
    • Effective project management skills to lead and contribute to regulatory implementation projects.
    • Strong research, analysis, problem-solving, and decision-making skills with ability to identify compliance risks and issues for escalation to management, as necessary.
    • Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment.


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