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The Senior Risk Officer – Commercial and Industrial (C&I), U.S. Region reports to the U.S. Head of Risk Oversight & Segment Risk and is accountable for leading the Segment Risk Team’s activities covering C&I, and in supporting the U.S. Head of Risk Oversight & Segment Risk in all Day-to-Day Risk Oversight including Operational and Long Term Strategic needs within the Segment Risk Management Department, including but not exclusive to the following:
KEY ACCOUNTABILITIES
Lead and direct activities related to Commercial Real Estate within Segment Risk, drive a culture of continuous improvement, through identification and implementation of resources and processes including:
- Risk Identification and Measurement Framework
- Risk Policy and Governance
- Risk Appetite
- Functional oversight including Information Security, Cyber Risk Management, Vendor Risk Management and Operational Resiliency
- Compendium Reporting (Advisory) Market Development
Lead and direct activities related to continuous improvement and expansion of Risk Oversight, through identification and implementation of resources and processes including:
- Enterprise and Operational Risk Frameworks/Policies review/challenge
- Change Initiative Risk Assessments
- Segment Risk Statements and Product Risk Statement reviews/challenges
- Control Risk Self Assessments reviews/challenges
Assist Head of Segment Risk with Integration of CIBC US Risk Management Organizational and Governance related activities, including strategy and long-term implementation.
Provide advisory support to the first line with emerging Enterprise-Wide Risk Management-related regulatory expectations from the FRB, FDIC and all other applicable agencies.
- Conduct risk-based 360 review of C&I, thereby developing a comprehensive compendium to effectively aggregate, monitor and report risks across C&I.
- Provide qualitative input into dashboard risk levels and outlooks.
- Enhance, execute and deliver an effective challenge framework that will consider a broad range of potential outcomes and actions to assess based on different scenarios on a continuous basis.
KEY CROSS-FUNCTIONAL RELATIONSHIPS
- Regular interaction and close partnering with CIBC Risk Management and Compliance groups
- Close working relationship with the Chief Risk Officer in the U.S.
- Regular interaction with leaders across CIBC and U.S. C&I Line of Business
- Interaction with U.S. Regulatory Agencies, External/Internal Auditors, Risk Management Association, etc.
PEOPLE LEADERSHIP ACCOUNTABILITIES
- Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals.
- Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training.
- Manage performance by providing fair and accurate formal and informal feedback, identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities.
- Create a positive work environment and being an effective role model by championing CIBC’s mission, vision and values.
- Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect.
- Hire the right people in the right jobs to align individual capabilities with job requirements and business unit goals.
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, guidelines and controls.
- As the 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 control requirements.
- This person is responsible to lead and direct activities related to continuous improvement and expansion for all assigned areas herein for the US Region Risk Management organization. Responsibilities may include interactions with Global CIBC Leadership, US Regional Leadership across all Lines of Business, and Regulators.
AUTHORITIES/DECISION RIGHTS
- The role is a key contact for Segment Risk- C&I coverage and the horizontal connectivity across ERM, ORM, Conduct Risk, Stress Testing, Market/Liquidity Risk, and Credit Risk related matters within the US Region and therefore is accountable for ensuring the team adheres to CIBC’s applicable policies and meet US regulatory requirements.
- Authorizing expenses and overseeing budgets according to applicable CIBC policies.
KEY CAPABILITIES
- Undergraduate Degree / Preferred to have Masters Degree
- A minimum of 10 years experience
- Deep understanding of risk management theory and practices.
- Comprehensive management skills sufficient to lead/motivate reports and peers, as appropriate.
- Extensive working knowledge of the external financial and regulatory environment from a risk perspective.
- Advanced presentation/interactive skills to clearly articulate complex conceptual information/ideas.
- Excellent writing skills sufficient to prepare interpretative, analytical and creative materials involving precise articulation of ideas and opinions.
- Problem solving skills sufficient to select and modify general approaches and solutions suitable for given problems or issues.
- Demonstrate integrity, possessing a strong stewardship and corporate governance profile with an ability to bring a mature perspective to discussions, as this position involves the interface with colleagues at all levels.
- Provide support to the Segment Risk group, as well as technical advice and guidance on complex and/or unique issues and recommendations for strategy.
- Creativity and innovation to address issues where very little precedence exists.
- Specific attributes includes:
- Confidence
- Forward and strategic thinking
- Initiative
- Decision-making ability
- Detail-oriented
- Creative
- Develops others
- Makes an Impact and Influences
WORKING CONDITIONS
This role operates within a normal office environment with little exposure to adverse working conditions.
At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:
- Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
- Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
- Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
- Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.
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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $151,000 - $239,000 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 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.
Job Location
IL-120 S LaSalle St, 8th 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
