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

Reporting to the Swap Dealer Chief Compliance Officer, the Director, RCM Portfolio Management is responsible for providing support to Swap Dealer Compliance ("SDC”) to ensure the Bank’s regulatory compliance risk is managed within acceptable levels and in accordance with regulatory expectations and providing independent and effective challenge to SDC.  The objective of the role is to provide compliance advisory services, independent oversight and guidance on regulatory requirements and maintain the RCM Library in alignment with the RCM Policy.  This position involves coordination of RCM activities, and ensuring alignment with industry standards and the Bank’s Regulatory Compliance Management Policy.

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.

How You’ll Succeed:

Act as SDC’s primary point of contact to support RCM Program administration.

Assist with creating and maintaining SDC’s RCM rules library and controls mapped to the regulatory obligations in the rules that pertain to the Swap Dealers.

Provide support and effective challenge to SDC and the swaps business and infrastructure groups as it relates to RCM Program processes to promote consistent execution and documentation, as well as performing regulatory change activities.

Proactively advise SDC on the expectations of the RCM Policy and associated methodologies (e.g., compliance risk assessment).

Support the aggregation of information from SDC to inform RCM reporting and CCO opinion.

Effectively manage any gaps identified in accordance with established deficiency identification and management methodology. 

Ensure completeness of Regulatory Group Topics and timely risk-based assessment of each within timelines prescribed by the RCM Policy.

Enhance oversight of the RCM Program through calibration sessions, reviewing/challenging the findings and examination reports issued by the Compliance Examination team, and supporting SDC to address gaps identified in the examinations.

Support the development and review of methodologies, guidelines, templates and training materials, job aids and other communications for the RCM Program.

Support the  Swap Dealer Chief Compliance Officer to design and produce RCM related reporting, including developing and maintaining metrics to measure regulatory compliance risk.

On occurrence, as assigned by the Swap Dealer Chief Compliance Officer, lead or participate as a member in RCM strategic initiatives and projects.

Regulatory Landscape Analysis:

Stay abreast of changes in relevant laws, regulations, and industry standards.

Analyze the impact of regulatory changes on the organization and adjust compliance strategies accordingly.

Strategic Leadership:

Providing direction to SDC in the execution of the RCM Program to identify and monitor regulatory compliance risk and impact efficiencies in RCM processes and mitigations.

Provide insights and best practices for process optimization with a focus on operational excellence of end-to- end regulatory compliance processes and mitigations.

Relationship Building:

Provide compliance advisory services to connect SDC with the RCM Program to ensure effective execution of RCM oversight responsibilities in accordance with regulatory requirements.

Maintain active and consistent communication and relationships  between SDC, Line of Business leaders and second line of defense groups to ensure effective oversight processes and mitigations are in place to effectively reduce the Bank’s exposure to regulatory compliance risk within acceptable levels.

Develop and maintain working relationships with other teams within CGRA.

Who You Are:

Extensive experience of regulatory compliance management activities such as reviewing complex legal or regulatory documentation to identify key requirements, and monitoring regulatory changes and collaborating with the appropriate business partners to ensure controls, policies and procedures are in place to address the corresponding regulatory requirements.

Extensive knowledge of risk assessment, control concepts and methodologies that can be used in a regulatory compliance management context.

Experience in providing regulatory or compliance advice in connection with derivatives markets (e.g. commodity, equity, and interest rate swaps) preferred;

Strong knowledge and understanding of the CIBC Control Framework and of business and regulatory environments applicable to financial institutions.

Previous working experience in compliance, risk management, legal, audit, or other governance group in the financial services industry.

Ability to establish and build healthy internal and external working relationships and partnerships.

Ability to manage multiple concurrent objectives, priorities, groups or activities.

Strong judgement and ability to prioritize activities, and time management skills.

Problem-solving skills necessary to develop creative solutions for complex problems.

Leadership and influencing skills to lead and motivate a professional workforce.

Proven history of working independently with strong problem-solving skills to achieve objectives.

A university degree with a minimum of 5-10 years of progressively responsible business experience.

Demonstrated ability to communicate effectively with an emphasis on developing trust, influencing and demonstrating fairness.

Excellent communication skills (oral, written, and presentational).

Ability to work under pressure, with tight deadlines, and deal with multiple tasks.

Working Conditions:

This role operates within a normal office environment.

Incumbent may be required to work outside normal working hours to meet tight timelines and multiple deliverables.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $140,000-$175,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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.

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

NY-300 Madison Ave., 6th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Advisory Services, Business, Compliance Assessments, Compliance Strategies, Executive Leadership, Leadership, Management Reporting, People Management, Process Improvements, Regulatory Compliance, Regulatory Compliance Consulting, Risk Compliance, Software Testing Process, Strategic Objectives, Technical Knowledge