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Compliance Specialist

Compliance Specialist

CibcChicago, IL, US
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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

  • Bachelor's degree
  • Minimum 5+ years' of compliance and risk management experience.
  • Comprehensive knowledge of federally recognized examination procedures to evaluate compliance with related laws and regulations
  • Former role as a commissioned examiner, or within internal audit a plus
  • A detailed approach with strong analytical skills to develop insights and interpret findings
  • Excellent cross-functional project and relationship management skills
  • Ability to communicate effectively with an emphasis on developing trust, influencing and demonstrating fairness
  • Excellent organizational and analytical skills and an ability to communicate clearly and professionally with all levels of an organization
  • Excellent written and verbal communications skills and effective interpersonal skills
  • Strong knowledge of Microsoft Office products (Word, Excel, PowerPoint)
  • Proficiency in multi-tasking and prioritizing projects and excellent time management skills

    • 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.
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

    • 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

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    Compliance Specialist • Chicago, IL, US