Senior Manager, Investment Controls (First line of defense) – Bilingual

Senior Manager, Investment Controls (First line of defense) – Bilingual

Locations: Montréal, QC

Time Type: Full time

Posted on: Posted 3 Days Ago

Time Left to Apply: End Date: November 23, 2024 (11 days left to apply)

Job Requisition ID: 2419499

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.

What you’ll be doing

Reporting to the Director, Business Controls requires a Senior Manager who will be responsible for reviewing compliance monitoring reviews for CIBC Asset Management (CAM) within timelines, draft monitoring reports and standards governed by Business Controls methodologies; as well as delivering continuous, insightful, and actionable analytics of review activities to support the compliance monitoring activities for CIBC Asset Management. You will also be responsible for oversight on new initiatives undertaken by the team.

How you’ll succeed

• Compliance: Lead a team and individually perform tier one investment compliance monitoring, controls testing and design, risk assessment and due diligence of all mutual fund and other portfolios managed by CAM including sub-advisor funds (including a supervisory review of Marketing Materials prior to dissemination and provide training to the various line of business), in accordance with regulatory requirements, Business Controls’ compliance monitoring methodology, risk rating and the annual monitoring plan.
• Investigations: Assess whether adequate key controls are in place and operating effectively. Expected to supervise, complete and document on a timely basis the results of reviews and tests that will be used to assist the Business Controls team on an ongoing basis; assess significant changes at an early stage, identify any new or emerging trends and/or risks, and discuss/propose recommendations to enhance operational processes controls; seek resolution and implementation of an action plan to address the highlighted observation.
• The Secretary and Chair of CAM’s Business Controls Quarterly Committee: Prepare all documentation for the committee members including drafting minutes and incorporating any changes; tracks management action plans and covers all items in the mandate. Provide a status of the compliance monitoring activity. Inform the members of any policy, trading, or legal updates.
• Understanding of Asset Management Investment Compliance: Facilitate the monitoring to ensure adherence with legal and regulatory requirements, corporate policies and guidelines mutually agreed by the business and portfolio managers.
• Oversight: Ongoing monitoring of CIBC’s policy and regulators requirements related to Social Media and Email surveillance to ensure that our brand, reputation, clients, and information are protected, and that standards of professionalism, honesty, and integrity are maintained.
• Standards Diligence: Ongoing monitoring with CIBC’s applicable Regulatory Requirements related to the prevention of Bribery and Corruption; the Gift and Entertainment monitoring tool supports one of the components set out CIBC’s Anti-Bribery and Anti-Corruption (ABAC) Policy.
• Best Practice Review: Conduct a sample-based review of emails to detect and prevent financial crime and non-compliance within financial organizations as this is an area that the Office of Compliance Inspections and Examinations reviews.
• Bloomberg Knowledge: Capable of producing Compliance reports for ongoing monitoring; extract and examine violation rules report; capable to create Bloomberg API for intra-day pricing.
• Share your knowledge: Assist team members with their reviews and help to implement changes as required to strengthen the processes. Ensure that the working files are documented clearly for other internal and external compliance teams to understand and rely upon consultation.
• Reporting: You and your team have the ability to work on and manage multiple reviews within tight deadlines accurately produce reports to a standard required for regulatory reporting.

Who you are

• You have a university degree in: Accounting, Finance, or Business, with demonstrated experience of five plus years of asset management compliance reviews, or related experiences.
• You have exceptional communication and inter-personal skills: which will allow you to build working relationships across Business Controls internal and external stakeholders at all times by demonstrating CIBC Core Values of Trust, Teamwork and Accountability.
• You can clearly document: complex occurrences in a report.
• You have knowledge to: work with Bloomberg.
• You have working knowledge of: different financial markets, asset classes, National Instrument 81-102, National Instrument 31-103 and National Instrument 81-107 and relevant OSC Staff Notices such as CSA Staff Notice 31-325.
• You are able to accurately assess: within a strict timeline and often competing timelines, sensitive requests and prioritize your workload/tasks accordingly in a fast-paced and pressured environment.
• You understand that success is in the details: You notice things that others do not. You are an independent and critical thinker, whose demonstrated skills allow for informed decisions, evaluations, and proposals. Connect various subject matters with ease.
• You act like an owner: You thrive when you are empowered to take the lead, go above and beyond, and deliver results.
• Values matter to you: You bring your real self to work and you live our values - trust, teamwork, and accountability.
• You're fluent in: French and English to support business operations outside of Quebec, Canada.

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: Non-Trader-1000 Gauchetière O

Employment Type: Regular

Weekly Hours: 37.5

Skills: Business Controlling, Controls Testing, Employee Relationships, Leadership, Performance Management (PM), Process Streamlining, Risk Management and Mitigation