Operational Risk Reporting Manager
CIBC
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)
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
The Operational Risk Reporting Manager is accountable for supporting the Operational Risk Management team in the development and ongoing implementation of the following:
+ **Risk Data** – analyze, implement, and monitor Key Risk Indicators (KRI) and other metrics related to operational risk in the 1st/2nd Lines of Defense (LOD)
+ **Risk Programs** – assist in the implementation and enhancement of governance, risk management, and compliance (eGRC) tools and other programs
+ **Risk Reporting** – prepare presentations and reports for senior management and boards; analyze and enhance existing reports and support the implementation of automated risk reporting
**KEY ACCOUNTABILITIES**
+ As an expert on the design of risk metrics (Key Risk Indicators), advise 1LOD/2LOD risk functions and business lines in the design and documentation of new and existing metrics and best practices. Champion and facilitate the evolution of data and reporting systems to support ever-more-sophisticated and useful metrics.
+ Manage data quality and facilitate the ongoing documentation, enhancement, and refinement of regional risk reporting aligned with the Parent Bank and regulatory expectations.
+ Participate in, and support the creation of, new data sources or platforms as part of an ongoing effort to enhance the availability and aggregation of risk data in the US Region.
+ Update and maintain department policies and procedural documentation.
+ Maintain recordkeeping and filing systems to respond efficiently to exam and audit requests.
+ Analyze and recommend system and process changes to improve the efficiency and effectiveness of risk reporting, including automation of metrics, processes for calibrating metric limits, and creating dashboards to effectively report on risk.
+ Analyze requirements for risk reporting to design new or modified risk reports, working with the Parent and other groups to leverage existing MIS and data platforms.
+ Analyze manually-generated reports and provide requirements and coordinate the automation of key risk reports.
**AUTHORITIES/DECISION RIGHTS**
+ As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
**REQUIRED KNOWLEDGE AND SKILLS**
+ Strong risk management or related financial services experience
+ Previous experience in procedure documentation, policy development and risk programs
+ Excellent oral and written communication skills; strong attention to detail
+ Strong research skills and analytical capabilities
+ Ability to assimilate and interpret analysis and trends in order to reach conclusions regarding the type and magnitude of risk across all risk types and businesses for strategic decision making purposes
+ Ability to understand, identify, and measure risk across matrix organizations and apply logic/reasoning to identify, report, and manage risk appropriately
+ Strong relationship management skills and team-orientation
+ Superior time management skills, with ability to effectively prioritize
**PREFERRED SKILLS**
+ Undergraduate degree and/or 7-12 years of experience is preferred
+ Experience with MetricStream, Tableau, and/or PowerBI is a plus
**WORKING CONDITIONS**
Normal office environment or hybrid; however, the environment is fast-paced and demanding. Incumbent may occasionally be required to work outside normal working hours to meet tight timelines and multiple deliverables. Role may be considered for remote work.
**CULTURE**
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk. As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
+ Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
+ At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
+ Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
+ Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
+ Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
+ Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
+ Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
_At CIBC, we offer a competitive total rewards package. This role has an expected salary range of_ **_$125K - $145K_** _for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members._
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
**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*, 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, 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**
IL-70 W Madison St, 9th Fl
**Employment Type**
Regular
**Weekly Hours**
40
**Skills**
Analytical Thinking, Banking, Control Frameworks, Operational Risks, Operation Risk Management, Regulatory Compliance, Risk Assessments, Risk Management
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.
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