Business Risk Assessment and Measurement Lead - Chicago, United States - CIBC

Description

Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats 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.

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The Business Risk Assessment and Measurement Lead will contribute to Private, Personal & Digital Banking (PP&D) goals and assist with the execution of line of business risk programs. The Business Risk Assessment and Measurement Lead will serve as a dedicated Governance & Controls/1B point of contact to advise PP&D on the assessment, mitigation and measurement of primarily Financial and Strategic Risk.

The role is an individual contributor role on the Governance & Controls team within the first line of defense. The role will develop an understanding of the Enterprise Risk Management (ERM) framework and act as the designated Risk Steward for PP&D. The role will support Governance & Control mandated ERM activities in conjunction with business segment leadership to provide a holistic view of risk across PP&D.

The role will be responsible for the following:

+ Leading and coordinating risk identification activities across front-line staff; including organizing workshop and challenge sessions, and creating an inventory to document and rate risks and potential mitigants on behalf of the business.

+ Supporting front line staff in the development and annual review/recalibration of line of business specific risk appetite/segment risk statements/product risk statements with a focus on emerging credit, market, operational and strategic risks.

+ Working with front-line staff and Risk Management to propose appropriate metric thresholds based on any available analysis of historic, current or forecasted data.

+ Supporting and advising front line staff where needed in its response to attestations, management and board threshold breaches (e.g. root cause analysis, action plan and timelines to address).

+ Supporting Risk Management and front-line staff to ensure all new initiatives conform to risk appetite statements.

+ Providing advice and training on ERM framework on a day-to-day basis to front-line employees.

+ Participating in special projects as needed.

Qualifications

The successful candidate will exhibit CIBCs values of trust, teamwork, and accountability. The successful candidate will have a thorough understanding of banking processes and related risks and controls through a mix of audit (internal or external), regulatory agency (FRB, FDIC, OCC), and/or advisory/consulting experience with large financial institutions or consulting firms. An ideal candidate will possess the following:

+ Seven or more years of experience in banking (background may include exposure to and experience in one or more of the following: Private Banking, Consumer Lending, Retail Banking, Digital Banking and/or Community Development), financial services consulting, or related work experience.

+ Demonstrated experience supporting, building and/or executing first line or second line of defense enterprise risk management programs.

+ Strong research, analysis, problem-solving, and decision-making skills with ability to identify Private Banking risks and issues for escalation to management, as necessary.

+ Excellent collaboration and relationship-building skills as the role will work closely with line of business and executive management as well as members of other risk functions (e.g. Credit Risk, Operational Risk).

+ Superior time management skills, with ability to effectively prioritize to meet deadlines in a dynamic and rapidly-changing environment.

+ Strong oral and written communication skills, and the ability to communicate with all levels.

+ Data analysis and visualization skills using Excel or other analysis software.

+ Bachelor Degree in accounting, finance or other business-related discipline.

+ Credit risk experience are a plus.

+ Professional certifications (CRC, CPA, CFE, etc.) although preferred are not required.

**Risk & Compliance:**

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leaderships identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

+ Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls.

+ At all times acting in accordance with our Purpose and shared values, to achieve our Banks strategic goals.

+ Understanding and following the qualitative and quantitative components of our Risk Appetite Statements.

+ Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings.

+ Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBCs policies, frameworks, guidelines, processes and controls.

+ Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders

+ Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBCs reputation as a leading financial institution.

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**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-

+ 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-120 S LaSalle St

**Employment Type**

Regular

**Weekly Hours**

40

**Skills**

Business, Decision Making, Enterprise Risk Management (ERM), Leadership, Process Improvements, Quality Assurance (QA), Regulatory Compliance, Risk Assessments, Risk Compliance, Strategic, Strategic Objectives

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.