Sr. Consultant, Operational Risk-2

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.comCIBC is building a relationship-oriented bank for a modern world. Our role is to maintain an effective control environment and oversee the sound risk management of our bank, consistent with our Risk Appetite Statement. We help safeguard our reputation and brand while providing proactive advice and oversight of CIBC's compliance with regulatory requirements, including those related to consumer and investor protection, sales practices, securities trading, and anti-money laundering.Reporting to the Head of Cybersecurity, Fraud & Technology Risk Management, the Sr. Manager, Operational Risk is accountable for conducting an independent review of the Bank’s Artificial Intelligence (AI) and Data Risks through the use of various risk management assessment, monitoring tools, and reporting. The position fulfills the role of second line of defense (2nd LOD) covering AI and Data risks.What You'll Be DoingEstablish and provide challenge in the development and maintenance for AI and Data practices across the first line of defense.Provide support in the operational risk activities and assists in the risk and control self-assessments, risk reviews, gap analysis, and control assessments around Data and AI risks.Act as the 2nd LOD Subject Matter Expertise (SMEs) and provide credible challenge to the lines of business and the respective risk partners.Establish and maintain cross-functional working relationship which includes parent-bank risk management colleagues, risk owners from first line of defense, functional groups of LOBs, Internal Audit, and regulators.Assist leaders of the organization to understand key value drivers and challenges within their business units in relation to AI and Data risks, and enable the determination and monitoring of KPIs/KRIs that can help improve performance as a result.Support the US Operational Risk Management team with AI and Data risk management related topics as the resident AI risk management subject matter expert. #LI-TACROSS-FUNCTIONAL RELATIONSHIPS The role works in close collaboration with leaders across the organization when challenging/discussing risks in relation to AI and Data risk.The role also partners with various risk management groups including parent-bank, risk owners, and other governance functions and regulators to deliver on the accountabilities of the role.COMPLIANCE REQUIREMENTS/RESPONSIBILITIESAs 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.At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote.Who You AreBachelor’s degree in business, information systems, risk management, technology or equivalent work experienceMinimum 3-5 years' experience with technology, AI, and Data based on industry standard frameworks (example DCAM) and/or regulatory requirementsIndustry relevant certifications or equivalent preferredExperience with risk reviews, assessments, testing, and/or evaluation of control environment, risk mitigations, and compliance with various industry standards and regulatory requirementsStrong communication (verbal and written) skills with ability to present technical information in clear and concise manner to a variety of audiences; including technology SMEs, senior management, and/or regulatorsAbility to work under pressure and creatively solve problemsCalifornia residents — your privacy rights regarding your actual or prospective employmentAt CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000 - $175,000 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.What CIBC OffersAt 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 conditionsWhat you need to knowCIBC 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 View email address on click.appcast.io 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 LocationIL-120 S LaSalle StEmployment TypeRegularWeekly Hours40SkillsAnalytical Thinking, Control Frameworks, Decision Making, Group Problem Solving, Operation Risk Management, Risk Analytics, Risk Assessments, Risk GovernanceSummaryLocation: Chicago, ILType: Full time