Director, Sanctions Compliance

Overview As the Director, US Sanctions Compliance at CIBC US, you will report to the Head of Global Sanctions and play a pivotal role in overseeing the Second Line of Defense for sanctions risk in the US. You’ll serve as a subject‑matter expert on OFAC regulations and US sanctions frameworks, providing expert guidance across business lines, products, and jurisdictions. Your responsibilities include leading sanctions screening operations, ensuring regulatory compliance, and promoting a strong risk culture throughout the organization. We’re building a relationship‑oriented bank for the modern world. At CIBC, we embrace your strengths and your ambitions, empowering you 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. The role will be performed in a hybrid work arrangement: 3 days per week on‑site and the remaining days remote. Responsibilities Lead the development and enhancement of the Sanctions Compliance Program, ensuring alignment with regulatory requirements and best practices. Own and maintain global and US sanctions compliance policies and standards. Oversee and support regulatory examinations, internal audits, and testing reviews, including preparation of materials and drafting responses. Liaise with OFAC on licenses, voluntary self‑disclosures, and regulatory inquiries, coordinating with internal and external legal partners. Provide expert input on sanctions screening system tuning, threshold calibration, technology configurations, and list management. Offer practical guidance for new product reviews, client onboarding, alert escalations, payment structures, and complex transactions. Build strong partnerships with Technology, Data, and other risk management stakeholders to enhance program metrics and reporting. Engage with various risk teams and governance groups to promote and reinforce compliance standards. Develop and deliver targeted training sessions to foster a strong culture of sanctions risk awareness. Maintain and deepen expertise in global sanctions regulatory requirements and industry developments. Qualifications At least 10 years of sanctions compliance experience with global financial institutions, with deep understanding of multijurisdictional sanctions regimes (US, Canada, EU, and UK). Strategic thinker with proven ability to work independently, solve complex problems, and develop actionable insights to achieve objectives. Relationship builder experienced in cross‑functional project and relationship management and mentoring junior compliance professionals. Exceptional written and verbal communication skills, enabling translation of complex regulatory requirements into clear, actionable guidance. Committed to continuous improvement, demonstrating curiosity, collaboration, and openness to innovative approaches and industry best practices. Proficient in technology, comfortable using Microsoft Office products (Word, Excel, PowerPoint) to support work. Values are important: trust, teamwork, and accountability. Legal eligibility to work at the Chicago, IL location and a valid work or study permit if required. Benefits Competitive salary range: $160,000–$190,000 USD, with eligibility for incentive compensation and discretionary bonuses. Health, 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). Additional perks: banking benefits, MomentMakers (social points‑based recognition program), paid Purpose Day for personal growth, and wellbeing support. Hybrid work environment and flexible schedule. Location & Contact Illinois – Chicago, 70 W Madison St, Floor 8 This role is not eligible for employment sponsorship. We are an equal‑opportunity employer. All qualified individuals are encouraged to apply. #J-18808-Ljbffr