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Senior Director, US AML Governance & Advisory

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locations

Chicago, IL

time type

Full time

posted on

Posted 2 Days Ago

job requisition id

2414458

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.com 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.com

What you'll be doing: Reporting to the Vice President, US Chief AML Officer & Global Sanctions, the Senior Director, US AML Governance & Advisory leads the US AML Governance and Advisory teams.The Governance team supports the design and execution of the US AML governance framework, providing information to support management and board oversight, risk reporting, policy and procedure documentation, and training. Advisory is responsible for advising and supporting all regulatory requirements relating to Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF) and Economic Sanctions by the US lines of business (LoBs) and functional groups across three different financial services units (commercial/retail banking, wealth management, and capital markets). The Senior Director, US AML Governance & Advisory, leads the teams charged with providing AML risk consultation and oversight of AML/ATF compliance, internal controls, and implementation of process and initiatives to ensure compliance.The Senior Director, US AML Governance & Advisory, is also responsible for monitoring and analyzing regulatory change related to AML/ATF requirements and serves as a subject matter expert for complex business initiatives, including the development of new products, services, and other change management initiatives.The Senior Director, US AML Governance & Advisory, regularly interacts with risk and line of business stakeholders in the US and across the Enterprise and serves as a senior member of the US AML Department with responsibility for regulatory communications, annual planning and strategic initiatives. How you'll succeed: Evaluate design and oversee execution of the Money Laundering/Terrorist Financing (ML/TF) Risk Assessment measuring inherent risk associated with customer portfolios, products, services, geographies, and delivery channels in connection with the combined US operations (CUSO). Assess existing control framework against risks, deliver program enhancement recommendations, and leverage the risk assessment results to drive the risk-based program adjustments. Develop, implement and manage US AML standards, procedures, internal controls, and training to support a US AML Compliance Program commensurate with the risks and regulatory expectations for CIBC’s CUSO. Create and implement an Advisory engagement model to ensure consistency of practice and alignment of design/execution across three financial services segments in the US, providing AML/ATF advice and counsel to the LoBs and functional groups you support through developing a strong understanding of their products, services, operations, controls and processes. Oversee delivery of a robust, risk-based AML training program, inclusive of content review, needs assessment, and ongoing curriculum assessment. Manage Regulatory Compliance Management (RCM) implementation from maintenance of the regulatory inventory, conducting regulatory risk assessment, identify key controls, assess key control testing results to inform effectiveness, and monitor regulatory change. Understand the LoB and functional group’s exposure to potential money laundering and terrorist financing risks based on its client types, product/service offerings and operations and the controls and processes to mitigate such risks. Provide effective leadership and influence LoB and functional group partners across the US to support a strong AML compliance program, and serve as a strong and effective People Leader within US AML and across the broader US Risk Management and Enterprise AML teams to drive employee commitment and collaboration to achieve AML program objectives. Develop strong relationships with LoB and functional group leaders and employees to ensure effective communication and awareness necessary to support an effective AML/ATF compliance program. Support execution of divisional strategies, business and functional group-led strategic initiatives, and other large-scale projects to align with risk management framework including identification, mitigation and reporting of appropriate ML/TF and Sanctions risks. Who you are:

10+ years of AML compliance or related risk experience, preferably with a large financial institution. Working knowledge of US AML laws and regulations and strong understanding of banking, wealth management and capital markets products and services and the associated AML risks. Bachelor’s degree in related field (i.e., finance, accounting, statistics, law); preference for advanced degree (i.e., MBA or JD). Excellent interpersonal skills, including verbal and written communications, and leadership skills to effectively manage people and develop team members. Ability to build and maintain working relationships with all levels of management across the organization and external stakeholders. Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment. ACAMS certification preferred. At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client and to do it well. As part of our team, you will: Thrive:

Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home. Connect:

Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity. Develop:

Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training. Prosper:

Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

California residents — your privacy rights regarding your actual or prospective employment 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 during the application or interview process, 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.

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*, 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, 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 IL-70 W Madison St, 8th Fl

Employment Type Regular

Weekly Hours 40

Skills Compliance Programs, People Management, Regulatory Compliance, Risk Assessments

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