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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)

What You’ll Be Doing:

The US Business Management group provides direct day-to-day support for CIBC’s US Capital Markets business, primarily Sales and Trading, Debt Capital Markets and Corporate and Investment Banking. The group’s primary role is to assist in achieving the mandate to be a premier client-focused global bank.

The Business Management Risks and Controls team (the Team) serves as the primary liaison between all Capital Markets Front Office teams, and the Infrastructure and Risk/ Compliance Partners. The Team supports the Capital Markets Front Office businesses to identify, catalogue and test all risks and controls for existing and new products. US Business Management strives to ensure a sound control environment and provides financial advice to support the business strategy. This role is responsible for providing assessment, consulting, and reporting on a comprehensive inventory of risk and controls involving people, technology, processes or external events that arise from audit and control testing.

The role applies advanced concepts to provide guidance to lines of business during the risk assessment process to identify and evaluate risks and controls according to operational risk standards, policies and procedures. The role is accountable for the implementation, maintenance and adherence of governance and control initiatives, programs, and processes. The incumbent may also be required to participate in initiatives, project and committees as assigned.

The role will make decisions that influence department plans, regularly recommending new processes/ controls to develop the appropriate risk treatment for all identified, open issues. The role uses independent judgement to determine methods and approaches to work, monitoring and reviewing operational risks identified during audits

How You’ll Succeed:

The role will primarily be responsible for the following:

+ Controls Identification and Assessment – Executing risk and controls programs in an efficient and timely manner which includes but not limed to identification and documenting of controls including recommending new/ amendment to existing controls, where required, in relation to the operational and compliance risks embedded within the business lines. Creating test plans, testing Key Controls and communicating results as well as monitoring and managing deficiencies.

+ Advising businesses on the implementation and monitoring of Business-Managed Technology controls and assisting with the completion of their Risk and Control Self-Assessments.

+ Collaboration - Providing Line of Business (LOBs) with advice regarding development of their Policies and Procedures, project plans, business requirements, executive presentation materials and training materials. Participation in ad-hoc business and CIBC-wide projects and committees, as required.

+ Build Relationships - Liaising on a regular basis with individuals in the other CIBC LOBs and Capital Markets infrastructure partners (i.e. Finance, Operations, Technology, Risk Management, Compliance, Privacy, Audit), regarding CIBC’s governance and control initiatives and programs. Communicating with policy and program owners when providing data analysis and reports to support policy and program review.

+ The role applies advanced concepts to provide guidance to lines of business during the risk assessment process to identify and evaluate risks and controls according to operational risk standards, policies and procedures.

+ Assist in making decisions that influence department plans, recommend new processes to develop the appropriate risk treatment for all identified, open issues. The role requires using independent judgement to determine methods and approaches to work, monitoring and reviewing operational risks identified during audits. The role acts as a resource integrator for their area, providing communication and consultation on risk profiles, emerging trends, and any new risks arising from regulatory changes.

+ Working with front-line staff and Risk Management to propose appropriate control thresholds based on any available analysis of historic, current or forecasted data.

+ Working with Governance & Controls team to respond to attestations, management and board threshold breaches (e.g., root cause analysis, action plan and timelines to address) and provide to Risk Management for inclusion in reporting

+ Identifying, reporting on; and escalating when metrics exceed control thresholds (e.g., early warning risk trigger, management risk limit, etc.)

+ Championing data requirements and systems to support ongoing MIS and reporting enhancements

+ Planning, scoping and executing targeted reviews in consultation with the Risk Management department

In addition to the primary Business Risk responsibilities, the role will also assist in Global Markets business management as needed, to include:

+ Build and maintain working relationships with stakeholders across the different businesses lines and support functions.

+ Manage an effective and documented internal control structure, by maintaining desk policies and procedures as well as adherence to, and successful testing of, internal controls and logical access reviews; maintain, support and enhance the information risk policies, standards, guidelines, processes and metrics.

+ Coordinate information and data responses to internal and external auditor / regulator requests.

+ Maintain and analyze key performance metrics on behalf of the business; supporting the preparation of business and client plans by performing data analysis, reviewing market trends and preparing presentation materials.

Who You Are:

+ Highly motivated, self-starter; able to work in a fast paced, results driven environment.

+ Minimum of 3–5 years of industry-related experience, preferably in the financial services industry, or accounting, consulting and finance backgrounds, and strong understanding of the Capital Markets products and services.

+ Demonstrated ability to effectively communicate with business partners augmented with strong interpersonal, written, verbal and presentation skills

+ Excellent organizational skills with a good attention to detail.

+ Ability to execute tasks under aggressive targets and effectively manage to changes in plan.

+ Strong knowledge of Microsoft applications (i.e., Microsoft Office, including PowerPoint, Excel, Visio).

Preferred Formal Education

+ Bachelor’s Degree or Master’s Degree

Working Conditions:

+ Hybrid - in the office and a few days remote presently subject to change.

+ Ability to thrive in a dynamic, high energy and changing work environment

+ **Values matter to you.** You bring your real self to work and you live our values – trust, teamwork, and accountability.

\#LI-TA

California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $140,000 - $170,000 for the New York, NY 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 also may 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.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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

NY-300 Madison Ave., 8th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Accountability, Accounting, Analytical Thinking, Auditing, Business, Business Effectiveness, Business Management, Capital Markets, Client Onboarding, Client Service, Customer Experience (CX), Detail-Oriented, Finance, Financial Products, Hiring, Management Reporting, Strategic Initiative, Teamwork

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.