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CIBC · 2 days ago

Senior Consultant, Operational Risk

United States

Full-time

Remote

Mid, Senior Level

$100K/yr - $120K/yr

5+ years exp

CIBC Bank USA is building a relationship-oriented bank for the modern world, seeking talented professionals dedicated to client service. The Senior Consultant, Operational Risk will support risk management activities for Deposit, Payments, and Loan Operations teams, focusing on identifying controls, participating in risk assessments, and providing subject matter expertise.

BankingCredit CardsFinancial Services

No H1B

Responsibilities

Meet with internal clients to understand their priorities and advise them on Operational risk management solutions

Leverage your Operational risk management solutions expertise to share your knowledge by introducing ideas to the organization to continuously maintain an acceptable risk posture that is aligned with the industry peers, regulatory requirements and CIBC’s risk appetite

Exhibit strong verbal and written communication skills

You’ll create trusted advisory relationships with all partners across all lines of defense, inclusive of Operational Risk Management, Internal Audit, Enterprise counterparts, and control assessment teams

Engaging with cross functional teams across all three lines of defense to foster open communication, value diverse perspectives, ensuring that all voices are heard, and contributing to shared success

Leverage your strong project management skills to proactively manage timelines and keeping direct managers and internal client informed of predicted/ preliminary results

Conduct analysis of processes and functional requirements to provide proactive advice and guidance to internal stakeholders to ensure that the requirements and work packages are appropriately defined and completed

Work closely with line of business (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

Acts as the risk and controls Subject Matter Expert (SME), providing expert advice to Line of Business partners

Participate in business, governance and regulatory projects, typically medium to highly complex initiatives, to identify risk and control issues

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

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

Understand 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

Develop & present Executive Reporting on the governance & controls environment of the sub LOB

Qualification

Operational Risk ManagementRisk AssessmentsControl FrameworksRisk AnalyticsRisk GovernanceAnalytical ThinkingGroup Problem SolvingDecision Making

Required

5+ years of Banking experience, some client facing preferred

Regulatory, AML and/or Risk experience required

Experience in interpreting policies and procedures to ensure timeliness and accuracy of processes under review

Working knowledge of potential risks including AML and Regulatory, and first line processes and procedures to effectively identify issues in the quality of the processes and/or controls

Demonstrated high levels of detail and accuracy

Strong verbal and written communication skills

Ability to communicate effectively with internal and external teams, and different lines of business

Strong project management skills to proactively manage timelines

Ability to conduct analysis of processes and functional requirements

Ability to identify risk exposures and control gaps

Ability to analyze and synthesize risk exposures, operational losses, root causes and control gaps

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

Ability to understand and communicate requirements related to fraud, AML, compliance, data, and transaction processing risks

Ability to identify efficiency opportunities within existing processes

Ability to understand and communicate Control Framework requirements to LOB partners