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CIBC US · 2 weeks ago

Senior Compliance Advisor (Commercial Banking)

Chicago, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$130K/yr - $150K/yr

12+ years exp

CIBC US is building a relationship-oriented bank for the modern world and is seeking a Senior Compliance Advisor to support its commercial banking operations. The role involves ensuring compliance with banking regulations, guiding the first line of defense, and collaborating across various functional areas to mitigate compliance risks.

BankingFinancial Services

No H1B

Responsibilities

Support the Bank's compliance with all applicable federal, state, and local banking regulations and other relevant regulatory frameworks

Monitor and analyze changes in regulations and ensure the Bank's policies and procedures are updated accordingly

Provide guidance and interpretation of regulations to internal stakeholders, ensuring that all departments are aware of their compliance obligations

Assist with the development of content of compliance training programs for employees, management, and the board of directors

Oversee the complaint management program and lead research and response of regulatory-related complaints, including responses to regulatory agencies

Support the execution of the bank’s compliance risk assessments to identify potential areas of compliance vulnerability and risk, and develop corrective action plans for resolution

Support preparation of regular compliance reports to compliance and risk executive management and relevant risk committees, highlighting key risks, issues, and progress on compliance initiatives

Ensure that all compliance-related documentation, including policies and procedures, is accurate, up-to-date, and readily accessible

Mentor and develop junior compliance team members, fostering a culture of continuous improvement and professional growth

Work closely with other departments, including Legal, Risk Management, Internal Audit, and Infrastructure groups, to ensure a coordinated approach to compliance across the bank

Serve as a subject matter expert on compliance-related issues, providing advice and support to business units on the development and implementation of compliant processes and procedures

Participate in strategic planning initiatives, providing compliance insights to support the bank's growth and operational goals

Lead investigations into compliance violations or breaches, ensuring timely and thorough resolution of issues

Monitor industry trends, best practices, and regulatory developments to proactively enhance the bank's compliance program

Drive continuous improvement initiatives to streamline compliance processes, reduce risk, and increase efficiency

Regular contact with industry professionals to discuss and benchmark similar risks, processes and issues

Qualification

Regulatory ComplianceRisk ComplianceLeadershipCompliance AssessmentsAdvisory ServicesProcess ImprovementsTechnical KnowledgeSoftware Testing ProcessStrategic Objectives

Required

Proven leadership and management experience, with a track record of successfully leading compliance teams

Ability to exercise a high degree of independent judgement and make sound decisions

Expert interpersonal, communication and problem-solving skills, including effective engagement with all levels of the organization, including senior management, board of directors and regulators

Extensive knowledge of applicable banking laws and compliance and enterprise risk frameworks

Ability to drive innovation or new ideas across areas of responsibility

Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment

Bachelor's degree in Business, Finance, Law, or a related field

Minimum of 12 years of experience in compliance, risk management, or legal roles within the banking or financial services industry

Advanced Excel, Word, and PowerPoint skills