Director, Compliance - Sales Practice

Risk Management is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include, but are not limited to, ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, regulatory, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate   governance groups.

The Compliance Department provides timely and proactive advice and independent oversight of CIBC’s compliance with applicable regulatory requirements. Together with the businesses, the Compliance Department works to manage and mitigate regulatory risk.

Reporting to the Senior Director, Sales Practice, Complaints and Consumer-Driven Banking (portfolio), the Director, Compliance – Sales Practice provides specialized expertise, advice, strategy, and independent monitoring and oversight regarding regulatory compliance with consumer-protection related market conduct obligations; primarily those involving sales appropriateness but not limited to, and may also provide assistance to the Senior Director with other oversight responsibilities under the portfolio.

The incumbent may also provide coverage for the Senior Director during periods of absence.
** Compliance Oversight** – You will lead the assessment of development and introduction of new products, services and business initiatives; advising on mitigating controls (including policies/procedures) necessary to address regulatory risks; timely and on-going identification, risk assessment and communication of changing regulatory requirements; effective and timely discussion, escalation and reporting of regulatory compliance risks and issues; establishing an appropriate regulatory compliance culture and supporting the business in achieving its strategic objectives while ensuring effective management of regulatory compliance risk and control processes.
** Issues Resolution Management**– You will oversee or monitor the satisfactory resolution of complex, contentious or sensitive regulatory compliance issues, with significant product or business line implications, such as implementation of new client disclosure requirements, action plans to address a procedural non-compliance issue identified by external regulators, actions to address regulatory compliance control deficiencies, etc. Ensure that all significant compliance issues, such as deficiencies or regulatory risks (including Regulatory Compliance Issues (RCIs)) are reported to the Senior Director, the VP Compliance, the regulator, the Chief Compliance Officer and senior management, as appropriate.
** You understand that success is in the details**. You notice things that others don't. Your critical thinking skills help to inform your decision making.
** You can demonstrate experience
** in CIBC’s organizational structure, and organizational initiatives within your assigned business area(s), including new products, technologies and applications as well as their implications in order to ensure that the business is in conformity with all applicable laws, regulations and internal procedures.
** It’s an asset
** if you have knowledge of regulatory/compliance policies, procedures and methodologies sufficient to draft strategies and provide leadership in resolving regulatory compliance issues or experience in Audit, Internal Control, Legal or Compliance for a financial institution.
* We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program , defined benefit pension plan , an employee share purchase plan, a vacation offering, wellbeing support, and Moment Makers, 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…