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CIBC · 21 hours ago

Senior Manager, Risk (First Line of Defense)

United States

Full-time

Remote

Senior Level

$140K/yr - $150K/yr

7+ years exp

CIBC is building a relationship-oriented bank for the modern world and is seeking a Senior Manager, Risk (First Line of Defense). This role involves designing, implementing, managing, and reporting on an Operational Risk based program while collaborating with various teams to ensure effective risk management practices are in place.

BankingCredit CardsFinancial Services

No H1B

Responsibilities

Designing, implementing, managing and reporting on an Operational Risk based program for LOBs within US TI&I

Leading Risk and Controls Self-Assessments (RCSAs) and Change Initiative Risk Assessments (CIRAs), as applicable

Leading and managing day-to-day deficiency and risk issue remediation; designing and implementing new controls and special projects, updating and maintaining a risk and control inventory, and remediating any gaps and inadequacies

Leading, coordinating, and liaising between US TI&I LOB Management and other lines of defense and collaborating with business units in developing and monitoring corrective action plans when responding to Audit, Compliance, Self-Assessed, or regulatory examination findings

Leading deficiency validation work once remediation is complete

Providing risk guidance in developing, reviewing and maintaining operational risk and compliance policies and procedures as it relates to US TI&I Lines of Business

Maintaining awareness of regulatory changes across the industry, analyzing how the changes will affect the line of business, and creating a strategy to implement such changes within US TI&I

Managing relationships at director and senior director level, within the assigned LOB

Working closely with LOB partners to proactively identify risk exposures and control gaps

Analyzing and synthesizing risk exposures, operational losses, root causes and control gaps

Leading the assessment and recommendation of self-assessed deficiencies to mitigate risk exposures and control gaps

Leading all Internal Audits, Compliance Exams, AML/CEEP, and GORM Reviews for the LOB regarding audit scope review & finalization, requests for information, fieldwork support and potential deficiency management

Leading deficiency validation documentation once remediation is complete

Understanding and communicating requirements related to fraud, AML, compliance, data, and transaction processing risks

Translating risk requirements into process and controls

Identifying efficiency opportunities within existing processes to ensure process awareness and understanding and impacts

Leading the completion of CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Key Regulatory Indicators (KRIs)

Acting as the Maintenance Officer for Operational Process Controls (OPCs), Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls

Qualification

Operational Risk ManagementRisk AssessmentsControl FrameworksRisk AnalyticsData AnalysisAnalytical ThinkingGroup Problem SolvingRisk GovernanceDecision Making

Required

7+ years of experience in Audit/Enterprise/Risk Management/or Management Consulting, leading and addressing daily deficiency and risk remediation activities; developing and implementing new controls and managing special projects

Deep understanding of the risk assessment framework and experience performing end to end LOB risk and controls self-assessments covering key risks and controls

Strong working knowledge of regulatory requirements to perform and ensure an appropriate level of testing, and experience within financial, operational, compliance and reputation risks

Solid project management skills with the ability to adapt to change quickly, multi-task and demonstrate flexibility in prioritization based on requested tasks

BS or MS (Risk Management, Business, Finance or similar)

Data analysis and visualization skills using Excel or other analysis software

Comfortable performing ad-hoc statistical analysis using Pivot tables, VLOOKUP, complex formulas, and other advanced Excel functions to determine root causes and trends related to testing failures

Strong interpersonal, communication (oral and written) and problem-solving skills, including effective engagement with senior leaders of the organization

Values of trust, teamwork, and accountability