Job Information
CIBC Senior Consultant, Third Party Risk Management 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
Global Operational Enterprise Risk Management (GOERM) is responsible for providing oversight of CIBC's global operational risk exposures through the Operational Risk Management and Control Frameworks related to people, technology, processes or external events.
The Third Party Risk Management (TPRM) Group is part of the Technology, Infrastructure & Innovation (TI&I) Operational Risk team, within GOERM, and provides an enterprise-wide view of Third Party Risk and is accountable for the governance and effective challenge of third party risk and control activities. The TPRM group establishes clear lines of oversight among various stakeholder groups to ensure the right level of independence when overseeing and challenging Third Party Risk-related activities. TPRM also leverages GOERM operational risk program and practices, in alignment with the Operational Risk Management Framework, for the identification, measurement, mitigation, monitoring and reporting of third party risk. This includes review and challenge of Risk and Control Self-Assessments (RCSAs), Change Initiative Risk Assessments (CIRAs), Risk Appetite Statement (RAS) and Key Risk Indicators (KRIs), Risk Reviews, and Operational Incidents to support execution of its mandate.
The Senior Consultant, TPRM acts as the enterprise 2nd LOD by working with business units and Risk Management partners in all aspects of identification, measurement, mitigation and monitoring (effective challenge) of third party risk. The primary purpose of this position is to ensure CIBC has a sound and effective TPRM practice and program. This role also provides oversight to internal control assessment processes through independent review of design and measurement, deficiency management, and operational effectiveness of established internal controls that mitigate third party risk. In this capacity, the Senior Consultant works in close partnership with the businesses as well as peers in GORM responsible for Operational Risk and Control Programs and GOERM SBU portfolio teams to ensure a consistent and collaborative approach to delivery and information.
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 2-3 days per week on-site, while other days will be remote.
How you'll succeed
Program oversight - Perform periodic review of the overall effectiveness of the TPRM program; Support processes and programs to enable effective identification, measurement, mitigation, monitoring and reporting of third party risk; Support established governance structures and processes to provide oversight of programs and both tactical and strategic initiatives to mitigate third party risk; Contribute to ensuring the design and operating effectiveness of the third party risk control environment (e.g. controls, mitigations, metrics, etc.); Support the TPRM issues management process and contribute to program development.
Risk management - As part of the ongoing assurance review of the TPRM program in CIBC, provide effective challenge to Personal Business Banking (PBB) and the Commercial Banking & Wealth Management (CB&WM) businesses and TPRM program stakeholders including Control Groups, the Third Party Governance Office (TPGO), and Procurement, in alignment with CIBC’s Operational Risk Management Framework.
Operational risk and control framework tools and programs – Working with, and challenging assigned businesses, to appropriately identify, measure, monitor and control third party risk through support of key operational risk tools (e.g. CIRA, RCSA, Risk Reviews, Incident Management, deficiencies, Scenario Analysis). Proactively working with stakeholders in identifying action plans in closing gaps/deficiencies and/or risk mitigation plans in minimizing CIBC’s third party risk exposures.
Metrics and reporting – Contribute information to the content of reports for delivery to the Board, Senior Management, governance committees on third party risk status, trends, issues and mitigation strategies/plan; Support the development of key risk and performance metrics to monitor third party risk.
Operational effectiveness - Partner with stakeholders and TPRM program owners to increase third party risk awareness in CIBC; Proactively monitoring emerging risks and external events and assessing applicability and potential impacts to CIBC’s TPRM Program. Stay current with regulatory requirements, industry best practices and emerging thinking on third party risk.
Who you are
You can demonstrate 5-10 years industry-related experience and have a good understanding of the Canadian Banking Industry (issues, trends, competitors).
You have knowledge of CIBC’s PBB and CB&WM businesses, structure and operational controls. You have strong business intelligence of CIBC. It's an asset if you have knowledge of TPRM practices and TPRM-related regulatory requirements and industry trends.
You have a Bachelor’s degree in Business or related field, or equivalent professional experience in a related field.
You look beyond the moment. You make decisions and take actions that will make a difference today and tomorrow. You proactively seek new opportunities to define what's possible.
You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
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.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-81 Bay, 31st Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Control Frameworks, Decision Making, Group Problem Solving, Operation Risk Management, Risk Analytics, Risk Assessments, Risk Governance
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.