Regulation W / Corporate Function Compliance (CFC) Officer

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 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 www.
CIBC.
com.
What you’ll be doing: The Regulation W / Corporate Function Compliance (CFC) Officer will assist in the implementation and management of CFC oversight function responsibilities related to CIBC’s Regulatory Compliance Management (RCM) program for various US Region Compliance requirements (e.
g.
, Regulation W, Anti-bribery & Anti-corruption, Anti-tying, Volcker Rule, Insider Trading, and Outside Activities and Investment Guidelines).
The Regulation W / Corporate Function Compliance (CFC) Officer will support the Head of Corporate Function and Regulation W Compliance to ensure regulatory compliance oversight activities are operating effectively and efficiently within the Regulation W Compliance Program and across various infrastructure functions with US Region wide compliance requirements.
Working experience working with Regulatory Compliance requirements within a large banking organization preferred.
Key responsibilities include, but are not limited to: Regulation W Compliance Program: Serve as a subject matter expert for Regulation W to support and contribute to the Regulation W Inventory, Risk Assessment, and other activities necessary to maintain a satisfactory governance program.
Advise business units and infrastructure groups on transactions, process, and control inquires, including any new or changed products and services.
Assist in the development, maintenance, and monitoring of effective procedures and controls related to the program.
Collaborate with business units and infrastructure groups on the implementation of regulatory changes and by providing guidance/support on projects and process enhancements.
Engage the first line of defense to ensure appropriate awareness and attention of Regulation W Transaction risks, including collaborating in the development of training materials.
Assist in the preparation of reporting on applicable program components and metrics.
Assist in the coordination of audit and exam materials.
Regulatory Inventory and Monitoring: Identify and maintain an inventory of laws, regulations, and guidance related to various regulatory requirements (e.
g.
, Regulation W, Anti-bribery & Anti-corruption, Anti-tying, Volcker Rule, Insider Trading, and Outside Activities and Investment Guidelines).
As needed, the Head of Corporate Function and Regulation W Compliance may also assign additional regulatory requirements impacting the combined US Operations.
Regulatory Developments: Monitor regulatory changes and work with business units and functional groups to ensure policies / procedures / controls are in place to comply with new regulatory changes.
Risk Assessment: Perform risk assessment of applicable regulatory requirements in accordance with the established methodology and facilitate the monitoring, reporting and management of those risks.
Provide input on regulatory compliance risks related to products/service/business changes as appropriate.
Communicate risk assessment results to business partners.
Collaboration: Build and maintain strong working relationships with business partners by providing support, advise and effective challenge when needed (e.
g.
, RCM activities, projects, process enhancements, developing controls and procedures, etc.
).
Risk Mitigation and Oversight: Oversee and challenge the effectiveness of first line risk mitigation activities to ensure controls, policies, and procedures are designed to effectively manage and mitigate compliance risks.
Ensure controls, policies, and procedures adhere to established guidelines and are updated as appropriate.
Control Testing and Deficiency Management: Ensure awareness of regulatory compliance deficiencies and control testing results impacting RCM controls within CFC’s oversight.
Support first line in remediating RCM deficiencies.
Reporting: Support reporting requirements related to the effectiveness of RCM activities (e.
g.
, metrics).
Training: Develop communication plans, job aids, guidelines, templates and other educational materials.
Program Oversight: Support regulatory oversight and exam related activities (e.
g.
, such as researching and analyzing regulatory requirements).
Qualifications: Working knowledge of Regulation W.
5+ years working experience working with Regulatory Compliance requirements (e.
g.
, Regulation W, Anti-bribery & Anti-corruption, Anti-tying, Volcker Rule, Insider Trading, and Outside Activities and Investment Guidelines) within a large banking organization preferred.
Familiarity with Federal and state laws and regulations applicable to one or more of the following areas: derivative reporting, securities clearing, settlement, custody, segregations, etc.
Familiarity with risk and control methodologies or managing risk/controls.
Strong research, analysis, problem-solving, and decision-making skills with ability to identify risks and issues for escalation to management, as necessary.
Excellent interpersonal skills, including verbal and written communications.
Advanced Excel, Word, and PowerPoint skills.
How you’ll succeed: Advance our Purpose-driven culture and deliver on our commitments through every decision and action by role modelling our brand through every interaction.
Actively manage risks to support all stakeholders in alignment with the company’s risk culture.
Effectively Balance Regulatory Expectations & Risk Tolerance with Risk Appetite Who you are: You’re goal oriented.
You’re motivated by accomplishing your goals and delivering your best to make a difference.
You’re a critical thinker.
You effectively challenge the status quo to evaluate risks and strengthen the overall control environment.
Values matter to you.
You bring your real self to work and you live our values – Trust, teamwork, and accountability.
You’re a team player.
You volunteer to do what’s right to help make a difference.
What CIBC offers: At CIBC, our people are our greatest asset.
You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client and to do it well.
As part of our team, you will: Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.
California residents — your privacy rights regarding your actual or prospective employment What you need to know: CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong.
We seek applicants with a wide range of abilities and we provide an accessible candidate experience.
If you need accommodation during the application or interview process, please contact Mailbox.
careers-carrieres@cibc.
com.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
At CIBC we enable the work environment most optimal for you to thrive in your role.
Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
What CIBC Offers At CIBC, your goals are a priority.
We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.
We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions What you need to know CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong.
We seek applicants with a wide range of abilities and we provide an accessible candidate experience.
If you need accommodation, please contact Mailbox.
careers-carrieres@cibc.
com You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
Job Location IL-70 W Madison St, 10th Fl Employment Type Regular Weekly Hours 40 Skills Compliance Oversight, Regulatory Compliance