Fair and Responsible Banking Compliance Advisor

Job Location US-IL-Chicago
Posted Date 2 months ago(8/31/2020 11:18 AM)
# of Openings


Forbes 2019


CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning.


CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world.


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 of our team members can excel.


The Fair and Responsible Banking Compliance Advisor (FRBCA) will assist in the implementation and execution of CIBC Bank USA’s Fair and Responsible Banking Program, including Fair Lending, Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA), Servicemembers’ Civil Relief Act (SCRA), Military Lending Act (MLA) and Vendor Risk Management. The FRBCA is responsible for assisting in the implementation and execution of the programs as the second line of defense, which include but are not limited to activities such as:

  • Advising the lines of business and operational areas on Fair and Responsible Banking issues, including regulatory and business changes, and assisting in monitoring activities with respect to fair lending, UDAAP, and CRA risks.
  • Partnering with various lines of business to be a trusted advisor and ensure compliance with all fair and responsible banking regulations and provide ongoing regulatory guidance.
  • Assisting with conducting risk assessments on business and operational processes, procedures, and policies; analyzes results and makes recommendations on the adequacy and reliability of controls.
  • Researching regulations and staying apprised of regulatory bulletins and other sources of information.
  • Performing and documenting statistical analysis including regression analysis and other statistical methodologies to assess potential disparate impact across the product lifecycle.
  • Designing the testing components, data preparation, fair lending model development, and documentation.
  • Preparing for reporting by collecting, analyzing and summarizing results for the respective business units.
  • Assisting in the preparation of Board and management reporting on applicable program components and metrics.
  • Analyzing and assessing trends and assisting in the development of meaningful KRIs for the program.
  • Assisting in the coordination of audit and exam materials.


  • Working knowledge of all consumer protection laws and regulations
  • 5+ years experience in regulatory compliance
  • CRCM preferred
  • Advanced MS Office skills required
  • Knowledge of Tableau preferred
  • Working knowledge of Wolters Kluwers' CRA and Fair Lending Wiz and regression analysis
  • Strong data management skills required
  • Excellent interpersonal skills, including verbal and written communications
  • Effective project management skills to lead and contribute to projects
  • Strong research, analysis, problem-solving, and decision-making skills with the 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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