Job Description

Key Responsibilities

Drive Strong Operational Risk Management Practices

• Identify business changes and, where appropriate, coordinate and prepare the required analysis to assess such changes, ensuring appropriate mitigating controls are in place.
• Support GWB CIBC in risk identification, escalation, and remediation efforts.
• Recommend improvements to enhance the quality of internal controls and risk mitigation measures.
• Formulate, implement, or review action plans for Business Units (BUs) to address control gaps, regulatory gaps, or identified control weaknesses.
• Ensure compliance with Group Non-Financial Risk Management (GNFRM), GWB CIBC’s internal procedures, and applicable banking laws, regulations, and guidelines.
• Review and implement relevant internal policies, procedures, and/or Standard Operating Procedures (SOPs), ensuring they are updated in line with applicable laws, regulations, and guidelines.
• Participate in and drive the Risk & Control Self-Assessment (RCSA) program for GWB CIBC.
• Facilitate the review, documentation, and tracking of key compliance and operational risk events, gaps, and mitigation actions, including Management Self-Identified Issues (MSII), Control Issue Management (CIM), and Loss Event Data (LED) via the GRC system. Support validation processes by the Risk Control Unit.
• Conduct effective control self-testing, including Key Risk Indicators (KRI) and Control Effectiveness Testing (CET).
• Drive and participate in operational risk-related projects as required.

Promote and Maintain Regulatory Compliance

• Ensure compliance with Group Compliance (GC) policies and procedures.
• Support gap analysis using the Regulatory Change Management (RCM) module in the GRC system for new and/or updated regulatory requirements and drive appropriate actions to close identified gaps.
• Support GWB CIBC during audits and thematic reviews by internal and external stakeholders, where applicable.
• Act as a business advisor, key liaison, and escalation point for front-line staff and Second Line of Defense functions on regulatory, compliance, and internal requirement matters for GWB CIBC. This includes areas such as AML/CFT, sanctions, foreign exchange policy, connected party transactions, and anti-bribery and corruption regulations.
• Provide guidance to support the business in achieving its risk management objectives.
• Drive, advise on, or participate in compliance-related projects, improvement initiatives, and remediation activities as required.
• Perform additional regulatory or compliance-related tasks as assigned by the Head of CIBC Governance.

Key Requirements

• Bachelor’s degree in Business, Banking, Finance, or a related discipline.
• Professional certifications such as International Compliance Association (ICA) qualifications (e.g., ACAM, ACRC), Certified Internal Auditor (CIA), or equivalent are an added advantage.
• Minimum of 5 years of relevant work experience, preferably in regulatory compliance, business risk & control, or internal audit within a financial institution.
• Strong knowledge of operational risk concepts, risk management principles, and internal control frameworks.
• Good understanding of corporate banking business processes and practices.