Cibc
Financial Services
Director,Compliance
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“Director, Compliance at Cibc. Skills: Regulatory Compliance, Risk Management, Compliance Oversight. Lead assessment of development and introduction of new. Lead assessment of introduction of new services”
Industry & Context.
What They're Looking For.
Must Have
Demonstrate experience in CIBC’s and Simplii Financial organizational structure, Demonstrate experience in organizational initiatives within assigned business area(s), Demonstrate experience with new products, technologies and applications, Demonstrate experience with implications of new products, technologies and applications
Nice to Have
Knowledge of regulatory/compliance policies, Knowledge of procedures and methodologies, Experience in Audit, Experience in Internal Control, Experience in Legal, Experience in Compliance for a financial institution
What You'll Do.
Lead assessment of development and introduction of new
Lead assessment of introduction of new services
Advise on mitigating controls
Timely and on-going identification of regulatory changes
Risk assessment of regulatory changes
Communication of changing regulatory requirements
Effective and timely discussion of regulatory compliance risks
Escalation of regulatory compliance risks
Reporting of regulatory compliance risks
Establish appropriate regulatory compliance culture
Support business in achieving strategic objectives
Ensure effective management of regulatory compliance risk
Ensure effective management of control processes
Analyze new and pending laws
Analyze pending regulations
Analyze industry commitments
Identify relevant issues
Identify organizational risks
Raise issues for consideration by management
Formulation of policies
Formulation of procedures
Revision of procedures
Formulation of other control measures
Revision of other control measures
Provide advice in developing policies
Provide advice in developing procedures
Provide advice in developing training
Provide advice in developing communications
Provide recommendations in developing policies
Provide recommendations in developing procedures
Provide recommendations in developing training
Provide recommendations in developing communications
Provide assistance in developing policies
Provide assistance in developing procedures
Provide assistance in developing training
Provide assistance in developing communications
Oversee satisfactory resolution of complex issues
Oversee satisfactory resolution of contentious issues
Oversee satisfactory resolution of sensitive regulatory compliance issues
Monitor satisfactory resolution of complex issues
Monitor satisfactory resolution of contentious issues
Monitor satisfactory resolution of sensitive regulatory compliance issues
Report significant compliance issues
Report regulatory risks
Report Regulatory Compliance Issues (RCIs)
Provide coverage for the Senior Director
How You'll Work.
Team & Collaboration
Work with businesses; Work with product team
Communication Scope
Reporting
Full Job Description
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** Risk Management is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include, but are not limited to, ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, regulatory, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups. The Compliance Department provides timely and proactive advice and independent oversight of CIBC’s compliance with applicable regulatory requirements. Together with the businesses, the Compliance Department works to manage and mitigate regulatory risk. Reporting to the Senior Director, Deposits and Investments, the Director provides specialized expertise, advice, strategy, and independent monitoring and oversight regarding regulatory compliance with market conduct obligations primarily involving retail deposit products (including bank accounts, GICs, other investment products; both registered and non-registered, debit cards and overdraft) for Simplii Financial. Additional accountabilities may include oversight of various other sundry products/services offered by Simplii Financial and in providing assistance to the Senior Director with other oversight responsibilities under the portfolio. The incumbent may also provide coverage for the Senior Director dur
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