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 BUSINESS UNIT DESCRIPTION In support of CIBC’s core purpose: to make our clients’ ambitions a reality, Risk Management is responsible for providing independent oversight of the risks inherent in CIBC’s transactions and activities. This includes, but is not limited to, ensuring that robust processes are established and maintained for the identification, management, measurement, monitoring, and control of operational, reputational, legal, strategic, market, credit, investment, and liquidity risks (collectively referred to as “CIBC Risk”) across all business lines, functional groups, and corporate governance structures. Regulatory Compliance Management (RCM) The Office of the Superintendent of Financial Institutions (OSFI) Guideline E-13 sets the expectations for an Regulatory Compliance Management (RCM) framework, which incudes the processes and controls a financial institution uses to identify, manage, and mitigate regulatory compliance risk. An effective RCM program is a core part of overall risk management and ensures compliance with applicable regulatory requirements. The RCM Oversight Function (OF) is accountable and provides independent oversight of applicable regulatory requirements within their scope, ensuring that processes are in place to identify, assess, manage, and monitor regulatory compliance risks across CIBC. JOB PURPOSE To strengthen the Luxembourg Compliance Department,



the Director will be key in the development and execution of the RCM mandate in Luxembourg and provide independent oversight, assess the adequacy and effectiveness of the controls, the status of regulatory compliance and follow up with the business on compliance issues identified. The role also includes compliance advisory services, independent oversight, monitoring/testing and guidance on regulatory requirements. The Director must be pro-active and highly responsive in a business environment where decisions have to be made in stressful, time sensitive situations where information is often ambiguous and incomplete. KEY ACCOUNTABILITIES Regulatory Monitoring and Communication- Monitor regulatory developments and communicate relevant updates to impacted business units and RCM Portfolio Managers (PMs) through the RD report in eGRC on a monthly basis.- Analyze and assess the impact of regulatory changes, adjusting compliance strategies as necessary to ensure ongoing adherence to laws and regulations.- Stay current on changes in laws, regulations, and industry standards, and update mitigation strategies as needed.- Review complex legal and regulatory documentation, summarizing key requirements into clear, actionable guidance for stakeholders. Risk Assessment and Compliance- Conduct periodic, comprehensive risk assessments (RGT) to identify impacted business units, evaluate inherent risk of regulatory requirements,



process and control effectiveness, and ensure timely completion in line with established methodology.- Assess new initiatives (e.g., CIRAs) for regulatory risk, ensuring appropriate compliance measures are implemented.- Advise on regulatory compliance risks related to product, service, or business changes. Escalation and Deficiency Management- Escalate identified regulatory risks and findings to the CCO or delegates, driving timely resolution through proactive deficiency management.- Coordinate with business units to address regulatory compliance gaps, following established deficiency management protocols.- Oversee remediation of compliance deficiencies and control testing results impacting RCM controls. Advisory, Coordination, and Relationship Management- To provide Compliance advisory services in a pro-active manner to management and employees in the various business lines of CIBC Luxembourg, including input and advice on strategy development, new products and services and other key decisions where a potential Compliance risk could arise.- Advise business units on RCM program requirements and coordinate with RCM PMs to meet program expectations.- Collaborate with first line and business management to ensure policies, procedures, and RCM controls are established for new regulatory requirements.- Attend and participate in RCM Oversight Function meetings to provide program updates and share best practices.- Maintain strong relationships with line of business leaders and second line of defense groups to ensure effective oversight and mitigation processes. Effective Challenge and Mitigation- Address challenges from RCM PMs and review comments from the RCM Quality Control (QC) team, implementing ap

📌 Director, Regulatory Compliance (Verona)
🏢 CIBC
📍 Verona