• Compliance Director

    Job Location US-IL-Chicago
    Posted Date 3 months ago(3 months ago)
    ID
    2018-4655
    # of Openings
    1
  • 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

    Responsibilities

    The Compliance Testing and Monitoring Director is responsible for developing, maintaining and executing CIBC Bank USA's (Bank) Compliance Testing and Monitoring Program.  The Compliance Testing and Monitoring Director reports directly to the Chief Compliance Officer and ensures a risk based compliance testing program and plan, commensurate with the Bank's compliance risk profile and responsive to regulatory expectations, is implemented.  The Compliance Testing and Monitoring Director will interface with all levels of management and personnel, serving as a key contact with regulatory examiners and auditors.  Strong interpersonal skills, good judgement, excellent written and oral communication skills, and the ability to collaborate effectively are vital for success in this role. 

     

     


     

    Essential Duties: 

     

    Develop and execute a risk based compliance testing and monitoring program and plan, which includes without limitation:

     

    • informing the Bank's compliance testing and monitoring strategy;
    • developing a testing and monitoring schedule and plan to ensure adequate resources and timely testing execution;
    • developing work programs and testing steps;
    • effectively scoping each engagement to ensure a risk based testing approach;
    • evaluating supporting work papers for appropriateness and accuracy and effectively challenging preliminary results;
    • identifying and sizing compliance risk issues and root cause;
    • recommending sound and effective remediation for identified issues;
    • clearly reporting and helping management understand the results of testing and monitoring conclusions;
    • developing management and board level reporting regarding the status of the Compliance Testing and Monitoring Program and Plan, key risk indicators and compliance risk trends; and
    • providing strong leadership and oversight to the monitoring and testing personnel.  

     

    Qualifications

    • Bachelor’s Degree;
    • 10+ years bank compliance or regulatory agency experience required, compliance testing or regulatory examiner experience considered a plus;
    • Management experience required;
    • Demonstrated ability to serve as a value-add leader in a fast-paced environment;
    • Strong commitment to championing a team environment within the Compliance Testing and Monitoring group and across the Compliance Department, and the ability to help foster critical and technical skill development;
    • Ability to analyze banking laws and regulations and appropriately assess compliance risk;
    • Excellent oral and written communication skills and ability to build relationships with lines of business, support functions, and stakeholders; and
    • Strong organizational skills, including the ability to prioritize multiple simultaneous projects and meet deadlines.

     

     

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