CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at cibc.com/US.
CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders.
CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance - so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.
Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.
CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran
The Capital Markets Compliance Testing Officer is responsible for executing the US Compliance Testing Plan established to ensure adherence with broker-dealer and registered investment advisor requirements and compliance with securities rules and regulations. The position supports overall compliance through execution of testing programs designed to evaluate the effectiveness of business practices in meeting regulatory compliance. This position primarily supports the US Capital Markets line of business, which includes global markets, investment banking and corporate banking services provided through CIBC Bank USA and CIBC World Markets Corp., but may also support other areas of the bank.
Key responsibilities include:
* Develop, perform and document risk-based testing to evaluate the company's adherence to policies, procedures, state and federal laws and regulations * Execute assigned compliance testing reviews in a timely manner in accordance with the annual Compliance Testing Program * Evaluate processes for key compliance controls and develop strategies to ensure appropriate and effective testing of controls * Identify control weaknesses and root causes of compliance deficiencies, conduct extensive research to support regulatory findings/control weaknesses and propose appropriate corrective action * Assess the adequacy of remediation activities, monitor through completion and escalate past-due items * Collaborate with compliance partners and line of business management throughout the compliance testing process to ensure timely and transparent communication * Prepare high quality work papers and final testing reports, which are presented to management, management committees and the Board of Directors. * Assist with preparation of periodic and ad-hoc reports for management, committee and Board of Directors * Assist with the development of the risk-based annual compliance testing plan * Assist with other compliance-related projects and tasks, as requested
* Bachelor's degree * Proficient in Microsoft Office software applications * Extensive knowledge of the securities industry and of FINRA and SEC rules and regulations * Comprehensive knowledge of federally recognized examination procedures to evaluate compliance with related laws and regulations * Excellent verbal and writing skills * Strong interpersonal skills and ability to work effectively in a team environment * Ability to manage multiple projects and deadlines simultaneously * Ability to interact with line of business representatives to ensure that results are understood and recommendations are implemented * High degree of integrity and strong work ethic
* 5-7 years of registered U.S. broker-dealer compliance and risk management experience * Experience in Audit or as a commissioned securities examiner, a plus * Professional certification (FINRA CCOS or IACCP a plus) * Exposure to FINRA Series 24