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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.

To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)

The Portfolio Manager, Business Controls Specialist, US ORM will be responsible for, but not limited to the following activities:

+ Provide independent effective challenge over first line of defense control activities.

+ Test first line of defense controls as dictated by the US ICV Program.

+ Identify and notify the first line of defense of any control gaps, ineffective controls, or non-adherence to testing requirements as identified via US ICV program execution.

+ Promote a “controls and operational risk culture” that includes managing internal relationships to promote acceptance and implementation of operational risk programs.

+ Stay current on regulatory changes and industry leading practices in operational risk, control frameworks, and control testing to ensure CIBC operational risk management meets regulatory expectations, and is effective and efficient.

+ This job has the authority to recommend changes to first line of defense processes – primarily within the context of the control and control testing environments – in order to enhance oversight, operational efficiency and effectiveness.

+ At least 5 years of relevant work experience in the financial industry is desired. Large Financial Institution or Large Foreign Banking Organization second line of defense experience is preferred.

+ At least 5 years of experience in control testing and/or second line of defense independent effective challenge over first line of defense control testing activities.

+ Bachelor’s degree desired.

+ Excellent leadership and business planning skills.

+ Working knowledge of risk assessment, control concepts and methodologies that can be used in an Operational Risk context.

+ Excellent analytical, communication (written and verbal) and interpersonal skills.

+ Solid understanding of regulatory expectations and leading practices of the financial industry specifically for risk management with an emphasis on operational risk management.

+ Ability to demonstrate CIBC’s core values (i.e., trust, teamwork and accountability);

+ Good conceptual thinker and ability to synthesize complex information into clear and precise business solutions;

+ Ability to manage multiple projects and/or initiatives simultaneously under tight deadlines.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $100K - $120K 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. 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 and 401(k), in addition to other special perks reserved for our team members.

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What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

+ We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

+ Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

+ We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

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 [email protected]

+ 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.

Job Location

IL-70 W Madison St, 9th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Risks, Continuous Improvement Techniques, Control Frameworks, Controls Testing, Emerging Risks, Group Problem Solving, Operational Risks, Operation Risk Management, Risk Assessments, Risk Management, Risk Monitoring

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.