Job Information
CIBC Business Controls Manager – Governance & Oversight in Chicago, Illinois
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 (https://www.cibc.com/en/about-cibc.html)
Business Controls Manager – Governance & Oversight
About the Company and Culture
Canadian Imperial Bank of Commerce (CIBC) is a leading financial institution known for its dynamic culture, innovative approach, and commitment to customer-centric services. As a full service bank, CIBC provides a wide array of financial products and services, including retail and business banking, wealth management, and capital markets. Working at CIBC means being part of a diverse and inclusive team that values collaboration, integrity, and excellence. The bank fosters a supportive environment with ample opportunities for professional growth, career development, and continuous learning. Employees at CIBC can expect a vibrant workplace that encourages creativity and embraces new ideas, with a focus on making a positive impact in the communities it serves. If you're seeking a rewarding career with a bank that champions progress and values its people, CIBC is the place to be.
CIBC's commitment to diversity and inclusion is at the heart of its corporate culture, making it a great place for individuals who seek a workplace that values unique perspectives and backgrounds. Employees are encouraged to bring their whole selves to work, fostering a culture of respect and mutual support. As a result, CIBC has been consistently recognized as a top employer in Canada and beyond.
The bank offers comprehensive benefits and flexible work arrangements to ensure a healthy work-life balance. CIBC's approach to employee well-being encompasses physical, mental, and financial health, with wellness programs and resources designed to support staff at every stage of their careers. This emphasis on holistic well-being translates into a highly engaged and motivated workforce.
CIBC is also at the forefront of innovation, investing in technology and digital solutions to enhance the customer experience. Employees are given opportunities to work on cutting-edge projects that shape the future of banking, allowing them to develop new skills and stay ahead in the rapidly evolving financial industry. Whether you're interested in technology, client relations, or management, CIBC provides the platform to build a successful career.
Job Description
U.S. Technology Infrastructure and Innovation (US TI&I) spans the areas of Technology, Information Security, Deposit Operations, Loan Operations, Business Continuity Management, Data Management Office, Corporate Real Estate, Corporate Security, and Governance and Oversight. TI&I delivers operational excellence by effectively managing the technology and operations required to run the bank, enables the bank's transformation by focusing on clients, innovating for the future and simplifying operations and supporting the bank's growth objectives through flawless execution of strategic initiatives.
US TI&I Governance and Oversight is a first line of defense team which supports the departments referenced above. The Business Controls Manger will work closely with US TI&I Management and 2nd lines of defense (Operational Risk, Compliance) to develop and implement well managed business controls to ensure activities do not exceed the risk tolerance of the organization. This role will be responsible for assisting in the design, implementation, and management of business controls within US TI&I.
Responsibilities
Serve as the central point of contact for business control management across the TI&I organization
Support the design, execution, and reporting on business controls for all lines of businesses within US TI&I
Lead, coordinate, and liaise between US TI&I Lines of Business Managers and other lines of defense
Maintain an effective network of counterparts across the Controls community, TI&I Control Testing Team, technical SMEs and architects to prioritize and oversee strategic, high-visibility and mission-critical initiatives
Collaborate with TI&I business units in identifying, developing and monitoring new business controls
Provide risk and compliance guidance in developing, reviewing and maintaining business controls as it relates to US TI&I Lines of Business
Transform infrastructure controls and reduce risk through rigorous lifecycle management, vulnerability management and adherence to control standards.
Manage day-to-day risk issues; design and implementation of new controls and special projects
Update and maintain a risk and control inventory remediating any gaps and inadequacies
Develop an in-depth understanding of the various moving parts and functions involved in the control remediation process.
Maintain awareness of regulatory changes across the industry, analyzing how the changes will affect the line of business, and support the creation of a strategy to implement such changes within US TI&I
Qualifications
Familiarity with risk management principles and the internal control framework used to mitigate risk.
Understanding of Banking Operations and Products.
Knowledge of US banking regulations (e.g., Compliance, AML, operational risk, privacy, etc.)
Experience with Metric Stream or comparable Governance, Risk and Control software is a plus.
Strong project management skills, including the ability to adapt to change quickly, multi-task and demonstrate flexibility in prioritization based on requested tasks
Strong oral and written communication skills at all levels of an organization
Forward thinker, strong drive, and ability to work independently in a team-oriented and fast-paced environment
Comfortable performing ad-hoc statistical analysis using pivot tables, vlookup, complex formulas, and other advanced Excel functions to determine root causes and trends related to testing failures
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 (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
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
IL-70 W Madison St, 8th Fl
Employment Type
Regular
Weekly Hours
40
Skills
Business Controlling, Controls Testing, Employee Relationships, Leadership, Performance Management (PM), Process Streamlining, Risk Management and Mitigation
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.