Posted: November 12, 2018
Reports to US WM Chief Risk Officer, US Operational and Enterprise Risk Management
BUSINESS UNIT DESCRIPTION
CIBC’s Risk Management is led by the SEVP and Chief Risk Officer (CRO) and is accountable on matters relating to the independent oversight of the management of risks inherent to the activities of CIBC, its subsidiaries and affiliates. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of credit, market, operational, reputation and legal, regulatory, investment and liquidity risk, incurred by CIBC’s retail, wealth and wholesale businesses, infrastructure and corporate governance groups.
The US Wealth Management Risk Management Team follows practices established by CIBC and develops those that are necessary to ensure a sound second line of defense as it relates to the US Wealth Management business.
The Manager, US WM Risk Team is accountable for the design and implementation of activities necessary for 2nd Line of Defense (Line 2a and 2b) activities related to investment offerings and client portfolios, counterparties, fiduciary and operational risk within the US Wealth Management business. Leadership of certain risk management activities is also anticipated.
Provide leadership and effective management of business unit staff to influence employee commitment to the organization, to the team, and to their job by;
Effective management of 2a and 2b activities requires a working knowledge of the US Wealth Management business, OCC, SEC, FDIC and FRB regulatory requirements and include the following areas:
Investment Platform and Client Portfolios:
Operational and Fiduciary Activities:
The Manager, US WM Risk Team must demonstrate and express a holistic view of the business, evaluate, summarize and report results, evaluate remedial activities, communicate findings to Senior Management and assess the strength of the control environment within the US Wealth Management business. He/she is also expected to share knowledge of market activity and geopolitical activity so as to identify current and emerging risks of the business and strengthen the skills of the US Wealth Risk Team and CIBC Colleagues.
Attention to detail, independence, organizational skills and professionalism are essential.
The job collaborates both with members from within the Wealth Management Risk Management Teams, across CIBC and with external parties.
Professionalism, strong organizational and communication skills are needed in order to successfully build relationships with members of Senior Management, RM Professionals in the US and Canada, Client Service Teams, Enterprise Support and other members of the CIBC organization. The job interacts regularly with each of these for the purpose of providing and obtaining critical, confidential data. Discretion and professional judgment are paramount.
As both an individual contributor as well as a manager of people, this job has the authority to assign tasks to employees within their span of control, select individuals for hire, assess individual performance, make employee compensation decisions and take disciplinary measures up to and including termination.
KNOWLEDGE AND SKILLS
This role operates in a normal office environment with little exposure to adverse working conditions. Light lifting is required.
HOW TO APPLY
Interested applicants, please send resume to Julia.Shelest@cibc.com