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CIBC US · 4 days ago

Senior Consultant, Operational Risk

Springfield, Illinois Metropolitan Area

Full-time

Hybrid

Mid, Senior Level

$100K/yr - $120K/yr

5+ years exp

CIBC is building a relationship-oriented bank for the modern world and is seeking a Senior Consultant in Operational Risk. The role involves supporting risk management activities for Deposit, Payments, and Loan Operations teams, including identifying controls, participating in risk assessments, and leading remediation of deficiencies.

BankingFinancial Services

No H1B

Responsibilities

Meet with internal clients to understand their priorities and advise them on Operational risk management solutions

Leverage your Operational risk management solutions expertise to share your knowledge by introducing ideas to the organization to continuously maintain an acceptable risk posture that is aligned with the industry peers, regulatory requirements and CIBC’s risk appetite

Exhibit strong verbal and written communication skills. You will communicate effectively with internal and external teams, and different lines of business

You’ll create trusted advisory relationships with all partners across all lines of defense, inclusive of Operational Risk Management, Internal Audit, Enterprise counterparts, and control assessment teams

Engaging with cross functional teams across all three lines of defense to foster open communication, value diverse perspectives, ensuring that all voices are heard, and contributing to shared success

Leverage your strong project management skills to proactively manage timelines and keeping direct managers and internal client informed of predicted/ preliminary results

Conduct analysis of processes and functional requirements to provide proactive advice and guidance to internal stakeholders to ensure that the requirements and work packages are appropriately defined and completed

Work closely with line of business (LOB) partners to proactively identify risk exposures and control gaps. Analyze and synthesize risk exposures, operational losses, root causes and control gaps. Lead the assessment and recommendation of self-assessed deficiencies to mitigate risk exposures and control gaps. Acts as the risk and controls Subject Matter Expert (SME), providing expert advice to Line of Business partners. Participate in business, governance and regulatory projects, typically medium to highly complex initiatives, to identify risk and control issues. Lead all Internal Audits, Compliance Exams, AML/ CEEP, and GORM Reviews for the LOB regarding audit scope review & finalization, requests for information, fieldwork support and potential deficiency management

Understand and communicate requirements related to fraud, AML, compliance, data, and transaction processing risks. Be able to translate risk requirements into process and controls. Identify efficiency opportunities within existing processes to ensure process

Understand and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts. Lead the completion of CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Key Regulatory Indicators (KRIs). Act as the Maintenance Officer for Operational Process Controls (OPCs), Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls. Develop & present Executive Reporting on the governance & controls environment of the sub LOB

Qualification

Operational Risk ManagementRisk AssessmentsControl FrameworksRisk AnalyticsRisk GovernanceAnalytical ThinkingGroup Problem SolvingDecision Making

Required

5+ years of Banking experience, some client facing preferred

Regulatory, AML and/or Risk experience required

Experience in interpreting policies and procedures to ensure timeliness and accuracy of processes under review

Working knowledge of potential risks including AML and Regulatory, and first line processes and procedures to effectively identify issues in the quality of the processes and/or controls

Demonstrated high levels of detail and accuracy

Strong verbal and written communication skills

Ability to create trusted advisory relationships with all partners across all lines of defense

Strong project management skills to proactively manage timelines

Ability to conduct analysis of processes and functional requirements

Experience in risk assessment and risk consulting

Ability to understand and communicate Control Framework requirements