How Youll Succeed (responsibilities):
Regulatory Compliance Oversight
Execute Oversight Activities:
Conduct independent oversight of assigned corporate functions in India to ensure compliance with applicable Indian and global regulatory requirements, as well as CIBCs internal policies.
Interpret Regulatory Requirements:
Analyze complex Indian and international legal and regulatory documentation (e.g., RBI, SEBI, FEMA, Companies Act), distill key requirements, and translate them into actionable, plain-language guidance for business partners.
Monitor Regulatory Changes:
Continuously monitor the Indian regulatory landscape for new, amended, or emerging regulations relevant to CIBCs operations in India.
Policy and Procedure Review:
Collaborate with business units to ensure that policies, procedures, and controls are updated and aligned with evolving Indian and global regulatory requirements.
Risk Assessment:
Perform risk assessments of regulatory requirements using established methodologies; identify, evaluate, and document compliance risks and controls specific to the Indian context.
Deficiency Management:
Monitor, track, and support the remediation of regulatory compliance deficiencies and control testing results, ensuring timely and effective resolution in accordance with Indian regulatory expectations. This includes escalating significant regulatory compliance issues or material incidents of non-compliance to senior management with India and Global Chief Compliance Officer, as required.
Regulatory Landscape Analysis
Horizon Scanning:
Proactively identify and assess the impact of regulatory changes, industry standards, and best practices on CIBCs operations in India.
Impact Analysis:
Evaluate how regulatory changes (local and global) affect business processes, products, and services in India, and recommend necessary adjustments to compliance strategies.
Process and Control Optimization
Process Improvement:
Identify opportunities to enhance and streamline regulatory compliance processes for greater efficiency and effectiveness, considering both Indian and global best practices.
Control Mapping:
Work with Enterprise-wide Compliance and other stakeholders to develop, map, and document controls that mitigate regulatory compliance risks in India.
Documentation:
Prepare and maintain accurate business process documentation in alignment with the risk control framework and Indian regulatory expectations.
Relationship Management and Advisory
Compliance Advisory:
Serve as a subject matter expert and trusted advisor to business units in India, providing guidance on regulatory compliance matters and risk mitigation strategies; including participating in business committees and working groups, as required, and provide effective challenge with respect to regulatory compliance risk.
Stakeholder Collaboration:
Build and maintain strong working relationships with Oversight Functions, Line of Business leaders, and second line of defense groups in India and globally to ensure effective oversight and risk management.
Training and Awareness:
Support the development and delivery of compliance training and awareness initiatives for relevant stakeholders in India.
Regulator Engagement:
Liaise with regulatory bodies in India to ensure common understanding of regulatory requirements, what procedures need to be in place to adhere to them, as well as the resolution of non- compliance issues and assist the Head of CIBC India in responding to regulator, internal/external assurance/audit reviews.
Governance and Reporting
Audit and Examination Support:
Coordinate and support the submission of risk-related materials for internal and external audits, regulatory examinations (e.g., RBI, SEBI), and other assurance activities in India.
Reporting:
Prepare and present reports on compliance risk assessments, control effectiveness, deficiencies, and remediation status to Indian and global management and governance committees.
Attestation and Certification:
Ensure that internal controls, risk deficiencies, and attestations (e.g., SOX, operational, legislative) are documented, accurate, and submitted on time, meeting both Indian and global requirements.
Cross-Functional Collaboration
Program Execution:
Collaborate with cross-functional teams in India and globally to execute the Regulatory Compliance Management (RCM) program, including risk assessments, control testing, and remediation activities.
Project Participation:
Participate in or lead special projects and strategic initiatives related to regulatory compliance, risk management, and process improvement in India.
Continuous Learning and Professional Development
Stay Current:
Maintain up-to-date knowledge of Indian and global regulatory requirements, industry trends, and best practices in compliance and risk management.
Professional Growth:
Pursue relevant training, certifications (such as ICAI, ICSI, or compliance-specific credentials), and development opportunities to enhance expertise and value to the organization.
CROSS-FUNCTIONAL RELATIONSHIPS:
Work collaboratively with the 1st Line and Functional Groups to ensure adequate execution of the Compliance RCM Program and provide advice on regulatory compliance issues.
Regular contact with Compliance partners across all regions, and with members of other internal control groups in order to promote a consistent approach and the development and execution of an effective and integrate control environment.
This role has frequent interaction, coordination and represents the team directly with regulators. The incumbent is responsible for meeting coordination and attendance, and fulfilling regulator requests for information, and document submissions etc.
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES:
As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines, and controls.
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.
JOB DIMENSIONS:
Ambiguity due to rapidly changing regulatory environment.
Ability to maintain current knowledge of a rapidly evolving regulatory environment.
Facilitating and providing leadership to both internal and external contacts on regulatory compliance issues
The role reports to the Head of CIBC India
Experience: 7+ years of experience
Who You Are (skills/qualifications):
Must Have Skills:
University degree in Business, Accounting, Finance, Law, or related field; advanced degree or professional designation (e.g., CPA, CAMS, CRCM) is an asset.
7+ years of relevant experience in compliance, risk management, legal, audit, or other governance roles within the financial services industry.
Extensive knowledge of regulatory compliance management, risk assessment, and control methodologies.
Strong understanding of the regulatory environment for financial institutions and the CIBC Control Framework.
Ability to interpret and apply complex regulatory requirements.
Excellent analytical, critical thinking, and problem-solving skills.
Strong communication skills (oral, written, and presentational) with the ability to influence and build relationships across functions.
Proven ability to manage multiple priorities and deliver high-quality work under tight deadlines.
Demonstrated independence, sound judgment, and attention to detail.
Privacy:
By proceeding with the creation of a profile and submitting an application in response to this job posting, you acknowledge and agree that your personal data will be collected, used, retained and disclosed by CIBC India and its affiliates, as described in the Candidate Privacy Statement.
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