Apply on Employer Site

CIBC US · 1 day ago

Senior Manager, Risk (First Line of Defense)

Springfield, Illinois Metropolitan Area

Full-time

Hybrid

Senior Level

$140K/yr - $150K/yr

7+ years exp

CIBC US 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, as well as leading risk assessments and coordinating with various lines of defense to ensure compliance and manage risk effectively.

BankingFinancial Services

No H1B

Responsibilities

Executive relationship management – Works with and collaboratively consult with executive business partners in the LOB, while also collaborating with business partners in the 2nd and 3rd lines of defense for all matters relating to risk management. Manage relationships at director and senior director level, within the assigned LOB. Represent risk governance and controls for LOB initiatives

Risk assessment/risk consulting – Work closely with LOB partners to proactively identify risk exposures and control gaps. Analyze and synthesize risk exposures, operational losses, root causes and control gaps. Lead the assessment and recommendation of self-assessed deficiencies to mitigate risk exposures and control gaps. Lead 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. Lead deficiency validation documentation once remediation is complete

Risk subject matter expertise – Understand and communicate requirements related to fraud, AML, compliance, data, and transaction processing risks. Be able to translate risk requirements into process and controls. Identify efficiency opportunities within existing processes to ensure process

Control framework design/execution/management – Understands and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts. Lead the completion of CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Key Regulatory Indicators (KRIs). Act 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 AnalyticsRegulatory ComplianceAnalytical ThinkingGroup Problem SolvingDecision 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