• Compliance Testing Specialist

    Job Location US-IL-Chicago
    Posted Date 3 weeks ago(3 weeks ago)
    # 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 Compliance Testing Specialist is responsible for executing compliance monitoring for the comprehensive set of bank regulations and requirements, including but not limited to, regulations under the authority of the Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve. 


    Main duties include:

    • Evaluation of policies, procedures and controls
    • Risk based transaction testing
    • Maintaining sufficient work papers to support monitoring activities
    • Assessing compliance risk and recommending remediation for identified compliance risks
    • Preparing report clearly communicating monitoring results
    • Communicating with stakeholders across the organization to accomplish objectives


    • Excellent oral and written communication skills
    • Ability to evaluate and adjust monitoring procedures based on compliance risk assessment and current environment for each review
    • Ability to analyze processes, controls and transactions to determine compliance with a broad range of banking regulations including deposit, lending and operational compliance requirements
    • The ability to develop effective recommendations for mitigating identified compliance risks
    • Proficiency with Microsoft applications, including Word, Excel and PowerPoint
    • 3+ years’ bank compliance, compliance audit, or regulatory agency examination experience
    • Bachelor’s degree required



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