CIBC US
Senior Compliance Advisor (Commercial Banking)
CIBC US, Chicago, Illinois, United States, 60290
Senior Compliance Advisor (Commercial Banking)
Join to apply for the
Senior Compliance Advisor (Commercial Banking)
role at
CIBC US
We’re building a relationship-oriented 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.
Key Accountabilities
Support the Bank's compliance with all applicable federal, state, and local banking regulations and other relevant regulatory frameworks.
Monitor and analyze changes in regulations and ensure the Bank's policies and procedures are updated accordingly.
Provide guidance and interpretation of regulations to internal stakeholders, ensuring that all departments are aware of their compliance obligations.
Assist with the development of content for compliance training programs for employees, management, and the board of directors.
Oversee the complaint management program and lead research and response of regulatory-related complaints, including responses to regulatory agencies.
Support the execution of the bank’s compliance risk assessments to identify potential areas of compliance vulnerability and risk, and develop corrective action plans for resolution.
Support preparation of regular compliance reports to compliance and risk executive management and relevant risk committees, highlighting key risks, issues, and progress on compliance initiatives.
Ensure that all compliance-related documentation, including policies and procedures, is accurate, up-to-date, and readily accessible.
Mentor and develop junior compliance team members, fostering a culture of continuous improvement and professional growth.
Work closely with other departments, including Legal, Risk Management, Internal Audit, and Infrastructure groups, to ensure a coordinated approach to compliance across the bank.
Serve as a subject matter expert on compliance-related issues, providing advice and support to business units on the development and implementation of compliant processes and procedures.
Participate in strategic planning initiatives, providing compliance insights to support the bank's growth and operational goals.
Lead investigations into compliance violations or breaches, ensuring timely and thorough resolution of issues.
Monitor industry trends, best practices, and regulatory developments to proactively enhance the bank's compliance program.
Drive continuous improvement initiatives to streamline compliance processes, reduce risk, and increase efficiency.
Compliance Requirements / Responsibilities
As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
Authorities / Decision Rights
As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
Conduct & Culture Risk
Follow all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls.
Act in accordance with the Purpose and shared values to achieve the Bank’s strategic goals.
Understand and follow the qualitative and quantitative components of the Risk Appetite Statements.
Complete all annual Corporate Mandatory Training and Testing modules, and any additional business-specific modules, as required and employ the learnings in daily activities and undertakings.
Escalate matters through one of the appropriate channels identified in the CIBC Code of Conduct (HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines and controls.
Speak up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders.
Escalate matters that could result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution.
Knowledge and Skills
Proven leadership and management experience, with a track record of successfully leading compliance teams.
High degree of independent judgement and sound decision making.
Expert interpersonal, communication and problem-solving skills, including effective engagement with all levels of the organization, including senior management, board of directors and regulators.
Extensive knowledge of applicable banking laws and compliance and enterprise risk frameworks.
Ability to drive innovation or new ideas across areas of responsibility.
Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment.
Bachelor’s degree in Business, Finance, Law, or a related field (Master’s or JD preferred).
Minimum of 12 years of experience in compliance, risk management, or legal roles within the banking or financial services industry.
Advanced Excel, Word, and PowerPoint skills (CRCM preferred).
Compensation The expected salary range is $130,000 - $150,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
Benefits CIBC offers a full range of benefits and programs to meet our employee’s needs, including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, 401(k), and other special perks reserved for our team members.
Job Location IL-70 W Madison St, 10th Fl
Employment Type Regular
Weekly Hours 40
Skills Advisory Services, Compliance Assessments, Leadership, Process Improvements, Regulatory Compliance, Risk Compliance, Software Testing Process, Strategic Objectives, Technical Knowledge
What You Need To Know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
#J-18808-Ljbffr
Senior Compliance Advisor (Commercial Banking)
role at
CIBC US
We’re building a relationship-oriented 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.
Key Accountabilities
Support the Bank's compliance with all applicable federal, state, and local banking regulations and other relevant regulatory frameworks.
Monitor and analyze changes in regulations and ensure the Bank's policies and procedures are updated accordingly.
Provide guidance and interpretation of regulations to internal stakeholders, ensuring that all departments are aware of their compliance obligations.
Assist with the development of content for compliance training programs for employees, management, and the board of directors.
Oversee the complaint management program and lead research and response of regulatory-related complaints, including responses to regulatory agencies.
Support the execution of the bank’s compliance risk assessments to identify potential areas of compliance vulnerability and risk, and develop corrective action plans for resolution.
Support preparation of regular compliance reports to compliance and risk executive management and relevant risk committees, highlighting key risks, issues, and progress on compliance initiatives.
Ensure that all compliance-related documentation, including policies and procedures, is accurate, up-to-date, and readily accessible.
Mentor and develop junior compliance team members, fostering a culture of continuous improvement and professional growth.
Work closely with other departments, including Legal, Risk Management, Internal Audit, and Infrastructure groups, to ensure a coordinated approach to compliance across the bank.
Serve as a subject matter expert on compliance-related issues, providing advice and support to business units on the development and implementation of compliant processes and procedures.
Participate in strategic planning initiatives, providing compliance insights to support the bank's growth and operational goals.
Lead investigations into compliance violations or breaches, ensuring timely and thorough resolution of issues.
Monitor industry trends, best practices, and regulatory developments to proactively enhance the bank's compliance program.
Drive continuous improvement initiatives to streamline compliance processes, reduce risk, and increase efficiency.
Compliance Requirements / Responsibilities
As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
Authorities / Decision Rights
As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
Conduct & Culture Risk
Follow all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls.
Act in accordance with the Purpose and shared values to achieve the Bank’s strategic goals.
Understand and follow the qualitative and quantitative components of the Risk Appetite Statements.
Complete all annual Corporate Mandatory Training and Testing modules, and any additional business-specific modules, as required and employ the learnings in daily activities and undertakings.
Escalate matters through one of the appropriate channels identified in the CIBC Code of Conduct (HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines and controls.
Speak up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders.
Escalate matters that could result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution.
Knowledge and Skills
Proven leadership and management experience, with a track record of successfully leading compliance teams.
High degree of independent judgement and sound decision making.
Expert interpersonal, communication and problem-solving skills, including effective engagement with all levels of the organization, including senior management, board of directors and regulators.
Extensive knowledge of applicable banking laws and compliance and enterprise risk frameworks.
Ability to drive innovation or new ideas across areas of responsibility.
Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment.
Bachelor’s degree in Business, Finance, Law, or a related field (Master’s or JD preferred).
Minimum of 12 years of experience in compliance, risk management, or legal roles within the banking or financial services industry.
Advanced Excel, Word, and PowerPoint skills (CRCM preferred).
Compensation The expected salary range is $130,000 - $150,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
Benefits CIBC offers a full range of benefits and programs to meet our employee’s needs, including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, 401(k), and other special perks reserved for our team members.
Job Location IL-70 W Madison St, 10th Fl
Employment Type Regular
Weekly Hours 40
Skills Advisory Services, Compliance Assessments, Leadership, Process Improvements, Regulatory Compliance, Risk Compliance, Software Testing Process, Strategic Objectives, Technical Knowledge
What You Need To Know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
#J-18808-Ljbffr