Job Information
CIBC Director, Cyber Risk, Compliance and Reporting in Toronto, Ontario
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s 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.
To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)
What you’ll be doing
The Director, Cyber Risk, Compliance and Reporting is a seasoned professional responsible for fulfilling CIBC’s second line of defense in the management of cyber security risk and compliance activities across the organization. The role works closely with the first line of defense, internal and external auditors, regulators, and other stakeholders to ensure that the cyber security policies, standards, and controls are aligned with the global regulatory frameworks and best practices. The role will also be involved in cyber security incident management and reporting, policy updates, and quarterly risk monitoring and reporting to senior committees and the board.
The role applies leadership skills and technical expertise to ensure that effective processes are in place to identify, manage, measure, monitor, and control cyber security risk. In addition, the role provides continuous improvement leadership with respect to operational risk management methodologies and practices. The role drives innovation across all areas of responsibility, applying expert interpersonal, communication, and problem-solving skills.
At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
How you’ll succeed
Risk management : As a people leader, the Director, Cyber Risk, Compliance and Reporting. will be responsible for overseeing and managing cyber security risk and compliance activities across the organization in support of various operational risk programs, including risk and controls self-assessments (RCSAs), Operational Incidents, RAS and KRI development and monitoring, etc. using operational risk tools and processes. The candidate has experience with cyber security incident management and associated incident reviews/reporting, including reporting to regulators.
Cyber security risk governance : The candidate has experience in global regulatory frameworks and regulations impacting cyber security, along with associated controls for compliance, and will work closely with the first line of defense, internal and external auditors, regulators, and other stakeholders to ensure that the cyber security policies, standards, and controls are aligned with global regulatory frameworks and best practices, as well as other internal programs such as the Cyber scorecard. The role will support 2nd line's cyber security incident management and reporting, and quarterly risk monitoring and reporting. The role will be responsible for Regulatory Compliance Management practices as the cyber security risk oversight function.
Technical expertise – Brings instant credibility by skillfully leveraging strong breadth of cybersecurity experience and depth of knowledge in key technology, cyber and data domains, including strong knowledge of cyber security frameworks, standards, regulations (B13) and best practices such as NIST, ISO, COBIT, etc. Industry recognized cyber security certifications are preferred such as CISM, CISSP etc.
Effective communications – Demonstrates clarity of thought in both written and verbal communications and develops and delivers strong reporting content, impactful and insightful presentations and assessment summaries on an ongoing basis for senior audiences and risk committees up to and including the Board. The candidate demonstrates the ability to effectively communicate with internal/external auditors and regulators in relation to ongoing exams, remediation activities, and incidents through written and verbal reports and updates.
Advisory – Maintains an industry view of the broad cyber security landscape, understand best practice and performance benchmarks and monitor emerging cyber security trends and regulations. Provides guidance on the management of cyber risk when consulted, including risk mitigation strategies.
Performs - regulatory compliance Oversight Function (OF) accountabilities, monitoring the regulatory landscape for changes in legislation and regulatory guidance pertaining to federally regulated financial institutions and ensure assessment, communication and documentation of CIBC’s compliance is completed, in alignment with CIBC’s Regulatory Compliance Management policy. This role will also interface with CIBC's subsidiaries on policy matters and oversight.
Relationships – Builds and sustains strong internal relationships and is viewed as a valued partner that offers sound and pragmatic guidance, demonstrates a deep understanding of their environment and context and facilitates productive risk discussions and outcomes. Closely tracks status of key cyber risk initiatives and programs to clearly understand, challenge and influence program objectives to ensure objectives are met and risk is reduced.
Collaboration – TI&I Operational Risk is a highly matrixed team building upon cross functional strengths of all team members. The Director leverages strong communication, interpersonal skills and teamwork to build and sustain strong internal relationships within Risk Management, technology, business units and other enterprise functional groups.
Who you are
Strong knowledge of the regulatory environment and risk management
Cooperative and innovative entrepreneurial team player with mature judgment, strong interpersonal skills and original approaches to problem resolution
Deals with ambiguity and is exceptionally adaptable and flexible
Thinking out of the box to make processes more efficient, focusing on bringing in automations and simplifications
You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
Managing multiple activities with varying complexity in a sophisticated matrix environment organization while under time constraints
Strong leadership skills and focus on coaching and developing the team
Maintaining productive and collaborative relationships with internal and external sources, colleagues and others to obtain, provide, verify and discuss information and best practices
Values matter to you . You bring your real self to work and you live our values - trust, teamwork, and accountability.
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, defined benefit pension plan, an employee share purchase plan, 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-carrieres@cibc.com
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
Toronto-81 Bay, 31st Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Bank Regulations, Client Security, Continuous Improvement Techniques, Cyber Incident Response, Emerging Risks, Group Problem Solving, IT Policies, Leadership, Operation Risk Management, Policy Management, Regulatory Compliance Reporting, Regulatory Management, Regulatory Requirements, Regulatory Reviews, Regulatory Risk, Risk Analytics, Risk Management Framework, Security Incident Response
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.