Compliance Specialist

Compliance Examination Specialist

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.

The US Compliance Examination team is a second line assurance function that evaluates compliance with laws and regulatory requirements for businesses and functional groups that support the activities of CIBC Bancorp USA Inc. and its consolidated subsidiaries.

CIBC US provides tailored commercial and commercial real estate banking, private wealth management, personal and small business financial solutions, as well as cross-border banking services, to clients with North American operations.

At our core, we are a relationship bank and strive to build trusting and enduring relationships by putting our clients at the center of all we do. We invest in our businesses, our clients, our people and our communities.

Our US headquarters is in Chicago and we have offices strategically located across the United States to serve clients coast to coast.

To be the best-in-class, commercial and wealth management financial institution in the United States with seamless connectivity to our Capital Markets and Canadian Commercial & Wealth franchises.

Reporting to the Head of US Compliance Examination Program, the Compliance Examination Specialist is accountable for execution of the US Compliance Examination Plan established to ensure the company's compliance with state and federal laws and regulations. The position supports overall compliance through executing examinations designed to evaluate the design and effectiveness of business controls in meeting regulatory compliance. This position primarily tests compliance with consumer protection, fair lending and operational regulatory requirements applicable to retail and commercial banking at a Federal Deposit Insurance Corporation (FDIC) insured depository institution regulated by the Federal Reserve, but may also support other areas of the company.

At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 3 days per week on-site, while other days will be remote.

How You'll Succeed

• Assist with planning, scoping and designing risk-based compliance examinations that address coverage of laws and regulations applicable CIBC Combined US region as well as adherence to internal policies and standards.
• Executing risk-based compliance examinations and performs reviews and tests of stated objectives to evaluate the company's adherence to regulatory obligations.
• Execute assigned compliance examinations in a timely manner in accordance with the annual Compliance Examination Program.
• Evaluate processes for key compliance controls and assist with identifying control weaknesses and root causes of compliance deficiencies, conduct preliminary research to support regulatory findings / control weaknesses and propose appropriate corrective action.
• Identify control weaknesses and root causes of compliance deficiencies, conduct extensive research to support regulatory findings / control weaknesses and propose appropriate corrective action.
• Develop relationships with senior management and other key internal contacts, including Management Committee members and their direct reports.
• Prepare high quality workpapers that support the testing conclusions and adhere to department standards.
• Prepare Final Examination Reports to be presented to management, management committees and the Board of Directors that accurately, clearly and concisely present the issue identified to key stakeholders.
• Collaborate with compliance partners and line of business management throughout the compliance testing process to ensure timely and transparent communication.
• Assist with other compliance-related projects and tasks, as requested.
• Research : Proactively develop an understanding, through in-depth research, of US regulatory requirements and expectations.

Who You Are

What you need to know

Job Location : IL-120 S LaSalle St

Employment Type : Regular

Weekly Hours : 40

Skills : Compliance Monitoring, Compliance Programs, Compliance Requirements, Multiple Project Management, Regulatory Compliance, Regulatory Compliance Management, Risk Management