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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 Head of Portfolio Oversight, US Operational Risk Management is accountable for supporting the VP, Head of US ORM in the following oversight activities:

+ Identification and assessment, measurement, control and monitoring of operational risk in a dynamic and continuous manner.

+ In partnership with other leaders, developing and enhancing CIBC’s US operational risk management program.

+ Provide oversight and effective challenge of operational risk and control activities.

+ Executing monitoring, testing, and oversight mechanisms for compliance with the policy and program standards.

The scope of this mandate includes all Combined US Operations including Commercial Banking, Commercial Real Estate, Private Wealth, Private, Personal, and Digital Banking, Capital Markets, and supporting infrastructure teams including Technology, Infrastructure & Innovation.

_At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote._

How You’ll Succeed

KEY ACCOUNTABILITIES

Risk Assessment Program

+ Execute on risk assessment programs including the Risk & Control Self-Assessments from a second line perspective. The scope of this mandate includes all lines of business and infrastructure teams operating in the Combined US Operations.

+ Execute on oversight accountabilities related to Change Initiative Risk Assessments (CIRAs).

+ Participate in other risk assessment programs as required, such as Risk Identification and Regulatory Compliance Risk Assessment. The incumbent will coordinate with other ORM leaders to provide input on execution of the aforementioned risk assessments.

Additional ORM Accountabilities

+ Execute on the US Operational Risk Management program as outlined in the various guidance. Accountabilities including tracking and oversight of deficiencies, incident reports, external event reviews, among other program elements.

+ Oversee second line ORM testing team in their testing program of the first line activities.

+ Collaborate with other partners to address internal audit and regulatory interactions in an effort to proactively and continuously enhance the program with specific accountability of execution.

Policies and Standards

+ In coordination with other leaders, support the development, review and maintenance of the applicable policies, associated standards, procedures, and methodologies, focusing on establishing a sound and effective risk practice in the US.

+ Support team and first line in understanding program requirements so that execution of activities are performed in a quality and timely manner.

+ Monitor the regulatory, business and competitive environment to ensure CIBC remains abreast of changes and emerging/leading industry practices.

Governance Committee Oversight

+ Participate as a key leader in governance committees including CIRA Committees as well as enterprise forums with Toronto based counterparts.

+ Participate in first line forums and committees in a leadership capacity representing US Operational Risk Management from an oversight and execution perspective. The incumbent will bring in and engage other Operational Risk Management colleagues (e.g., fraud, third party, technology, etc.) as required to bring a fulsome view of risk in the challenge of oversight of first line activities.

Risk Management Support

+ Provide leadership and support around operational risk issues and program development.

+ Provide effective challenge to both first and second lines as it relates to operational risks and develop mitigation techniques.

+ Support reporting to senior management, governance committees and the Risk Committees of the Boards on operational risks, trends, issues and mitigation strategies/plan.

+ Monitor RAS and non-RAS KRIs applicable to area of coverage.

Conduct and Risk Culture

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

As an employee of CIBC, the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

+ Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls.

+ At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals.

+ Understanding and following the qualitative and quantitative components of our Risk Appetite Statements.

+ Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings.

+ Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls.

+ Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders.

+ Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution.

People/Talent Management

+ Ensure competent staff are recruited, retained, developed, trained, motivated and rewarded fairly.

+ Ensure roles and responsibilities of all team members are in line with the Bank’s purpose strategy, business strategy and the team has role clarity.

+ Network with the objective of ongoing identification of potential candidates to support succession planning.

+ Manage performance by providing fair and accurate formal and informal feedback, identify and remove obstacles to performance and explain how performance expectations align with business priorities.

+ Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect.

CROSS-FUNCTIONAL RELATIONSHIPS

The job will facilitate cross-functional team work as well as participate in cross-functional teams to support initiatives from other groups outside of ORM and Risk Management. Regular interactions include:

+ Team members across Risk Management

+ Business units

+ Oversight/governance functions

+ Regulators

+ Internal Audit

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.

+ As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

AUTHORITIES/DECISION RIGHTS

+ This job has the authority to recommend changes to business processes in order to enhance oversight, operational efficiency and effectiveness.

+ As a manager of people, this job has the authority to assign tasks to employees within their span of control, select individuals for hire, assess individual performance, make employee compensation decisions and take disciplinary measures up to and including termination.

JOB DIMENSIONS

+ The role contributes to CIBC’s commitment to being a leader in corporate governance, embracing the evolving environment of transparency and internal control.

Who You Are

KNOWLEDGE AND SKILLS

+ Bachelors or Masters degree

+ 10-15 years industry-related experience; strong understanding of the US Banking Industry (issues, etc.)

+ Strong working knowledge of trends across the financial services industry

+ Understanding of CIBC lines of business and support functions across the Combined US Operations.

+ Excellent leadership and business planning skills.

+ Excellent communications skills (written and verbal)

+ Excellent relationship building skills to establish key relationships within lines of business and other business partners, including governance and oversight functions

+ Strong knowledge of regulatory requirements

+ Problem solving skills sufficient to creatively develop unique approaches and solutions necessary to resolve high level, complex and often unprecedented issues

WORKING CONDITIONS

+ The role operates within a normal office environment with minimal risk of ill-heath or injury. Work pressures caused by tight deadlines can be significant at times

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_ **_$225,000 - $255,000_** _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. 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._

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, Continuous Improvement Techniques, Emerging Risks, Group Problem Solving, Leadership, Operation Risk Management, Predictive Modeling, Regulatory Requirements, Risk Analytics, Risk Management Framework

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.