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BUSINESS UNIT DESCRIPTION

Risk Management is led by Senior Executive Vice-President and Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, regulatory, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups.

JOB PURPOSE

To strengthen the Luxembourg Compliance and FCC Department, the Director will be key in the development and execution of the Compliance and FCC program in Luxembourg and provide independent oversight, assess the adequacy and effectiveness of the controls, the status of regulatory compliance and follow up with the business on compliance and FCC issues identified. The Director must be pro-active and highly responsive in a business environment where decisions have to be made in stressful, time sensitive situations where information is often ambiguous and incomplete. The role is also expected to keep abreast of developments in an ever-changing regulatory environment and their impact on the business.

KEY ACCOUNTABILITIES

·To support the FCC and Compliance programs within CIBC Luxembourg to identify regulatory requirements and develop, update and maintain the relevant Compliance and FCC parts of the appropriate manual, guidelines, policies and procedures to satisfy the local and CIBC global requirements, including developing and maintaining adequate anti-money laundering policies and training.

·Day-to-day management of Financial Crime prevention effort for Luxembourg. This includes providing updates, escalating issues and highlighting areas of interest to the Chief Compliance Officer.

·To update and manage CIBC Luxembourg’s Compliance & Financial Crime policies and procedures in order to mitigate the risk that the firm might be used to further financial crime, market abuse or other activities in contravention of regulatory requirements in the region.

·Horizon scanning to assess impact of regulatory changes on relevant Luxembourg businesses pertaining to Compliance and FCC, keep CIBC Luxembourg Senior Management informed and advise them on appropriate changes to business models, practices, controls or processes required to comply.

·To participate in business committees and working groups and provide subject matter expertise in regulatory issues and challenge with respect to Compliance and FC risk.

·To monitor activities for Compliance and FCC and escalate significant regulatory issues or material incidents of non-compliance to the Chief Compliance Officer of CIBC Luxembourg promptly including providing recommendations for corrective action.

·Support and oversee the local regulatory regime covering:

oMIFID & EMIR rules

oMarket Abuse Regime (MAR) rules

oConduct of Business rules

oAML Transaction Monitoring

oSanctions

oAll aspects of KYC (including PEPs, CDD & EDD)

oRegulatory returns (where applicable)

oMI to senior management

·To provide Compliance and FCC advisory services in a pro-active manner to management and employees in the various business lines of CIBC Luxembourg, including input and advice on strategy development, new products and services and other key decisions where a potential Compliance and FCC risk could arise.

·Provide induction training to new employees and additional regulatory training as and when required on Compliance and FCC related topics.

·When required, support any audits that relate to the Compliance or Financial Crime Programs.

·Identify trends, issues, and AML/CTF best practices to quantify impacts to CIBC, and recommend strategies to mitigate any emerging risks.

·Back-up of the Chief Compliance Officer.

Description

CROSS-FUNCTIONAL RELATIONSHIPS

·Work in a matrix environment with CIBC peers and business leaders in Luxembourg, UK and Canada.

·Represent Compliance and Enterprise AML Group at the CIBC committees.

·Regular contact with Compliance and FCC partners across all regions, and with members of other internal control and Functional Groups, in order to promote a consistent approach and the development and execution of an effective and integrated control environment.

FCC REQUIREMENTS/RESPONSIBILITIES

·As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, guidelines and controls.

KNOWLEDGE AND SKILLSStrong knowledge of relevant compliance and financial crime regulations that impact the CIBC Group under the Luxembourg mandate. Knowledge of market conduct/infrastructure regulatory framework is appreciated, e.g. MiFID(R), EMIR, MAR.Excellent and detailed knowledge of current Luxembourg compliance and financial crime standards.Sound judgment and ability to independently interpret complex regulatory issues and to provide comprehensive guidance to businesses in a straightforward manner.Well-developed interpersonal skills, with an ability to establish strong relationships in order to build trust amongst all stakeholders (both internally and externally).Adaptable and tactile.Creative problem solving skills.Strong attention to detail.Effective and clear written and oral communication and presentation skills.Be pro-active and possess strong time management skills in order to prioritize and work on multiple projects simultaneously and manage competing priorities.Detailed knowledge of compliance and financial crime regulations locally, and general knowledge of global requirements applicable to CIBC’s Luxembourg mandate.Ability to effectively challenge anyone, including senior management.Knowledge of AML/CFT processes and operations.Ability to extract and interrogate data, and analyze results of monitoring and oversight activities in relation to AML/CFT.Experience in assessing AML/CFT programs and controls.Demonstrated up to date knowledge and evidence of continuous professional development.WORKING CONDITIONS

This role operates within a normal office environment.

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.comYou 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

K2 Dolce

Employment Type

Regular

Weekly Hours

40

Skills

Accountability, Accountability, Advisory Services, Analytical Thinking, Anti-Money Laundering (AML) Policy, Business, Compliance Assessments, Continuous Professional Development, Corrective and Preventive Action (CAPA), Customer Follow-Ups, Detail-Oriented, Emerging Risks, Financial Crime Prevention, Induction Training, Interpersonal Communication, Leadership, Liquidity Risk, MiFID, Oral Communications, People Management, Problem Solving, Process Improvements, Professional Development, Professional Presentation, Quantification {+ 12 more}