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Consultant, Operational Risk

extra holidays

Work set-up:

Full Remote

Contract:

Experience:

Senior (5-10 years)

Work from:

Offer summary

Qualifications:

Minimum 5 years of banking experience, with some client-facing roles., Regulatory, AML, and risk management experience is required., Strong understanding of policies, procedures, and risk identification in banking processes., Excellent communication and analytical skills to interpret complex data and communicate findings..

Key responsibilities:

Support risk management activities for Deposit, Payments, and Loan Operations teams.
Identify controls, participate in risk assessments, and lead remediation efforts.
Liaise with second and third lines of defense during audits and exams.
Advise internal clients on operational risk management and process improvements.

CIBC Banking XLarge http://www.cibc.com/

10001 Employees

Job description

We’re building a relationshiporiented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

Technology Infrastructure and Innovation (TI&I) spans the areas of Technology, Information Security, Deposit Operations, Loan Operations, Project Management, Data Management Office, Corporate Real Estate, Corporate Security, and Risk & Governance. TI&I delivers operational excellence by effectively managing the technology and operations required to run the bank, enables the banks transformation by focusing on clients, innovating for the future and simplifying operations and supporting the banks growth objectives through flawless execution of strategic initiatives. Governance and Oversight is a First Line control group within the Three Lines of Defense model. As a first line control group, we empower CIBC’s Control Framework, which sets out the objectives for the design of the internal control environment aligned to the Risk Appetite Statement (RAS). We serve the Bank’s strategy to deliver a superior client experience through the stewardship of sustained and effective risk discipline. US TI&I Governance & Oversight enables the Bank’s strategic mandate to maintain financial strength and risk discipline while advancing our purposedriven culture. We collaborate with the strategic Business Units and work across Functional Groups to grow our business resiliency and value while managing risk. In addition, we steward the processes for assessing the design and operating effectiveness of the internal control environment, and we strengthen the CIBC Risk Management Framework with related policies and processes.

What You’ll Be Doing

As a member of the US Technology, Infrastructure & Innovation Governance & Oversight (G&O) , you’ll support the risk management activities for the Deposit, Payments and Loan Operations teams. This will include supporting the business in the identification of controls, participating in risk assessments, leading remediation of deficiencies, writing of procedures, monitoring business processes, and reporting on business risk outcomes. This role will liaise with the second and third lines of defense on new changes to risk programs, gathering evidence and support during exams, and providing subject matter expertise over the Deposit, Payments and Loan Operations processes executed by the teams. You will exercise independent judgement within defined procedures and provide recommendations for best practices through experiences and observation, for use by other team members as part of knowledge sharing and to ensure consistency in approach. In addition, you will solve business, operations and technical problems within the scope of your role, escalating unusual cases outside of documented procedures to management. The role receives general instructions on routine work and requires limited direction

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of onsite and remote work) will be discussed at the time of your interview.

How You’ll Succeed

Internal Client Engagement – Meet with internal clients to understand their priorities and advise them on Operational risk management solutions. Use your knowledge of Operational risk management to protect the organization by providing proactive advisory services to Loan, Deposit and Payment Operations teams in deploying risk management measures and in remediating known issues.
Risk Management – Leverage your Operational risk management solutions expertise to share your knowledge by introducing ideas to the organization to continuously maintain an acceptable risk posture that is aligned with the industry peers, regulatory requirements and CIBC’s risk appetite
Communication – Exhibit strong verbal and written communication skills. You will communicate effectively with internal and external teams, and different lines of business.
Relationship Management – You’ll create trusted advisory relationships with all partners across all lines of defense, inclusive of Operational Risk Management, Internal Audit, Enterprise counterparts, and control assessment teams.
Collaboration – Engaging with cross functional teams across all three lines of defense to foster open communication, value diverse perspectives, ensuring that all voices are heard, and contributing to shared success. You will build trust within the team, encouraging a supportive environment that enhances creativity and problemsolving.
Time and Project Management – Leverage your strong project management skills to proactively manage timelines and keeping direct managers and internal client informed of predicted preliminary results
Understand Requirements – Conduct analysis of processes and functional requirements to provide proactive advice and guidance to internal stakeholders to ensure that the requirements and work packages are appropriately defined and completed.
Risk AssessmentRisk Consulting Work closely with line of business (LOB) partners to proactively identify risk exposures and control gaps. Analyze and synthesize risk exposures, operational losses, root causes and control gaps. Lead the assessment and recommendation of selfassessed deficiencies to mitigate risk exposures and control gaps. Acts as the risk and controls Subject Matter Expert (SME), providing expert advice to Line of Business partners. Participate in business, governance and regulatory projects, typically medium to highly complex initiatives, to identify risk and control issues. Lead all Internal Audits, Compliance Exams, AML CEEP, and GORM Reviews for the LOB regarding audit scope review & finalization, requests for information, fieldwork support and potential deficiency management.
Risk Subject Matter Expertise – Understand and communicate requirements related to fraud, AML, compliance, data, and transaction processing risks. Be able to translate risk requirements into process and controls. Identify efficiency opportunities within existing processes to ensure process
Control Framework DesignExecutionManagement Understand and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts. Lead the completion of CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Key Regulatory Indicators (KRIs). Act as the Maintenance Officer for Operational Process Controls (OPCs), Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls. Develop & present Executive Reporting on the governance & controls environment of the sub LOB.

Required profile

Experience

Level of experience: Senior (5-10 years)

Industry :

Banking

Spoken language(s):

English

Check out the description to know which languages are mandatory.

Hard Skills

Health Risk Assessments Control Framework Operational Risk Management Risk Management Emerging Risk Group Decision Making Operational Risk Management Financial Risk Management Continuous Improvement Process

Other Skills

Decision Making
Analytical Thinking
Collaboration
Communication
Time Management
Relationship Management

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