CIBC
Executive Director, Compliance UK
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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.
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
Complementing the specific responsibilities below, the purpose of this role is to support the discharge of the Compliance Department’s mandate within the European region. The incumbent supports the Head of Compliance, Europe, who will lead the development, implementation and ongoing management of the Compliance Department’s regulatory compliance programme in Europe. The incumbent must be proactive and highly responsive in a business environment where decisions have to be made in time-sensitive situations, be an active member in all regulatory projects as directed by the Head of Compliance Europe and keep abreast of regulatory developments and their impact on the business.
KEY ACCOUNTABILITIES
- To provide support, guidance and advice to the front office of Capital Markets and Corporate & Investment Banking on relevant policies and procedures, transactions, new product approvals and conduct face-to-face training. This will involve dealing regularly with senior members of the business by providing them with information and advising and supporting them.
- To enhance the MAR Risk Assessment
- Investigate internal reports or suspicious matters relating to conduct/market abuse.
- Support the collective monitoring and analysis of global regulatory changes and developments that could impact Capital Markets and Corporate & Investment Banking.
- Support the management and delivery of the Compliance programme, including tracking actions, coordinating inputs, monitoring milestones and ensuring relevant deadlines and deliverables are met.
- Take an active role in the Compliance second line monitoring checks for relevant regulatory controls, including remedial action for exceptions and updating the monitoring and testing plan as appropriate, desk-based reviews / conducting risk assessments on the Sales and Trading desks of Capital Markets and Corporate and Investment Banking in Europe.
- Review draft legislation and/or policies to assess the impact on relevant London businesses, keep CIBC Capital Markets - Europe informed and advise them on appropriate changes to business models, practices, controls or processes required to comply.
- As directed by the Head of Compliance Europe, to participate in business committees and working groups and provide subject matter expertise in regulatory issues and challenge with respect to regulatory compliance risk.
- Monitor activities for compliance and escalate significant regulatory compliance issues or material incidents of non-compliance to the Head of Compliance Europe, promptly including providing recommendations for corrective action.
- Assist the Head Of Compliance Europe in responding to regulator, internal/external assurance/audit reviews.
- Provide training to new employees and additional regulatory training as and when required.
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CROSS-FUNCTIONAL RELATIONSHIPS
- Frequent proactive contact with business and regional management to identify and discuss business and regulatory compliance issues and needs and to provide consistent and time-sensitive advice.
- Regular contact with Compliance 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.
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, guidelines and controls.
- As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and control requirements.
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KNOWLEDGE AND SKILLS
- Strong Capital Markets product knowledge.
- Prior Corporate And Investment Banking experience advantageous.
- Detailed knowledge of relevant regulations that impact the CIBC Group in Europe e.g. Dodd Frank an MIFID 2, MAR, EMIR, SFTR and FCA Handbook;
- Sound judgment and ability to independently interpret complex regulatory issues and to provide comprehensive guidance to businesses in a straightforward manner;
- People management skills sufficient to lead, motivate and develop a professional workforce;
- Well-developed interpersonal skills, with an ability to establish strong relationships in order to build trust amongst all stakeholders (both internally and externally);
- Creative problem solving skills;
- Strong attention to detail;
- Effective and clear written and oral communication and presentation skills;
- Be proactive and possess strong time management skills in order to prioritize and work on multiple projects simultaneously and manage competing priorities;
- Strong organisational and project management skills, with the ability to plan, coordinate and execute multiple workstreams while maintaining clear oversight of deadlines, dependencies and deliverables;
- Ability to effectively challenge anyone, including senior management;
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.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
150 Cheapside, 1st Flr, London
Employment Type
Regular
Weekly Hours
35
Skills
Business, Capital Markets, Company Policies, Compliance Assessments, Compliance Requirements, Corporate Ethics, Deliverables Management, Executive Leadership, Group Problem Solving, Prioritization, Problem Solving, Project Management, Regulatory Compliance, Regulatory Issues, Relationship Management, Risk Assessments, Strategic Advisory, Time Management
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