Executive Director, Compliance

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Risk Management is led by Senior Executive Vice-President and Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, regulatory, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups.

Complementing the specific responsibilities below, the purpose of this role is to support the discharge of the Compliance Department’s mandate within the European region. The incumbent supports the Head of Compliance, Europe, who will lead the development, implementation and ongoing management of the Compliance Department’s regulatory compliance programme in Europe. The incumbent must be pro-active and highly responsive in a business environment where decisions have to be made in time sensitive situations, be an active member in all regulatory projects as directed by the Head of Compliance Europe and keep abreast of regulatory developments and their impact on the business.

• To provide support, guidance and advice to the front office of Capital Markets and Corporate & Investment Banking on relevant policies and procedures, transactions, new product approvals and conduct face to face training. This will involve dealing regularly with senior members of the business by providing them with information and advising and supporting them.
• To enhance the MAR Risk Assessment Investigate internal reports or suspicious matters relating to conduct/market abuse.
• Support the collective monitoring and analysis of global regulatory changes and developments that could impact Capital Markets and Corporate & Investment Banking.
• Support the management and delivery of the Compliance programme, including tracking actions, coordinating inputs, monitoring milestones and ensuring relevant deadlines and deliverables are met.
• Take an active role in the Compliance second line monitoring checks for relevant regulatory controls, including remedial action for exceptions and updating the monitoring and testing plan as appropriate, desk-based reviews / conducting risk assessments on the Sales and Trading desks of Capital Markets and Corporate and Investment Banking in Europe.
• Review draft legislation and/or policies to assess the impact on relevant London businesses, keep CIBC Capital Markets - Europe informed and advise them on appropriate changes to business models, practices, controls or processes required to comply.
• As directed by the Head of Compliance Europe, to participate in business committees and working groups and provide subject matter expertise in regulatory issues and challenge with respect to regulatory compliance risk.
• Monitor activities for compliance and elevate significant regulatory compliance issues or material incidents of non-compliance to the Head of Compliance Europe, promptly including providing recommendations for corrective action.
• Assist the Head Of Compliance Europe in responding to regulator, internal/external assurance/audit reviews.
• Provide training to new employees and additional regulatory training as and when required.

• Frequent pro-active contact with business and regional management to identify and discuss business and regulatory compliance issues and needs and to provide consistent and time-sensitive advice.
• Regular contact with Compliance partners across all regions, and with members of other internal control and Functional…