Senior Vice-President, Canadian Banking, Capital Markets and Finance, Internal Audit Job ID- 177

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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

The Senior Vice-President,  Canadian Banking, Capital Markets, and Finance, Internal Audit provides strategic direction and leadership to the assigned portfolios, consistent with the strategies and priorities of the Internal Audit Division and the CIBC group of companies. The incumbent uses a breadth of knowledge and experience to provide value-added audit services and, to develop and maintain senior level client relationships.

The SVP has overall accountability for providing executive leadership and expertise in managing audit services to areas of the bank, in order to ensure audit coverage and adherence to professional and corporate governance standards and objectives. In carrying out this mandate, the incumbent will develop and maintain strong partnerships with other governance functions and provide consistent and effective support to stakeholders and regulators in various jurisdictions.

Through the use of industry best practice knowledge, the incumbent will provide independent and objective assessments as to the adequacy and effectiveness of internal control programs to assist senior management in control and risk strategies, and in the development and implementation of solutions to issues.

The SVP is accountable for executing on the Real Estate Secured Lending (RESL) audit strategy to ensure comprehensive internal audit coverage of Real Estate Secured lending including but not limited to governance, first-line, risk management, regulatory compliance, technology infrastructure and innovation, finance and treasury. The role is also accountable for ensuring appropriate end-to-end coverage of other Canadian Banking businesses including, but not limited to Capital Markets, Finance, Commercial Banking, Cards, Retail Brokerage, Private Wealth Management and Business Contact Centres and related processes and controls.

As an organizational leader, this role champions:

CIBC employee experience principles:

  • Always professional… so our team members can excel and be their best professional self.
  • Radically simple… so our team members can focus on what they need to do and make an impact.
  • Genuinely caring… so our team members can feel valued for who they are and what they contribute.

CIBC leadership capabilities:

  • Envisions the future…to innovate purposefully to create new value and harness new capabilities in order to meet the evolving needs of our diverse stakeholders.
  • Inspires hearts and minds…to build an inclusive culture where we make bold choices, collaborate, and empower others to take chances and do what’s right for our stakeholders.
  • Drives action and impact, together…to align with urgency around what matters, making decisions with speed and always making a real difference.

What You’ll be Doing

Other Posts You May Be Interested In

  • Demonstrate  a deep understanding of Real Estate Secured Lending products and regulatory requirements and be knowledgeable of current and emerging industry practices and regulatory expectations relating to internal control, risk management and governance systems and processes relating to Real Estate Secured Lending and other Canadian Banking businesses.
  • Maintain knowledge of new initiatives and risks by participating in appropriate management committees and liaising with oversight functions such as Compliance and Risk Management.
  • Establish in partnership with the EVP and Chief Auditor and other members of the management team within the Internal Audit division, the vision, long-terms strategic business direction, objectives, and plans for the Internal Audit Division.
  • Conduct an annual risk-assessment and produce a dynamic audit plan that will accomplish the mandate, objectives, and scope of the Audit Charter including but not limited to planned audit activities related to Data Governance and Management and Cybersecurity.
  • Maintain and enhance the RESL audit strategy with input from other members of the management team and other governance functions. This will include:
  • Providing leadership to define effective business processes for the Audit team and working with other members of management on business process relating to assigned business groups;
  • Ensuring risk assessment related to RESL and other Canadian Banking businesses is current through annual planning and continuous monitoring activities;
  • Manage the assessment of audit needs on risk profiles developed with the designated business areas;
  • Establishing objectives and developing work plans covering audit activities and projects to ensure the effective achievement of results;
  • Ensuring that the reports provided to Canadian Banking businesses are supported by appropriate analysis and evidence;
  • Providing the necessary leadership to change strategy, direction and approach to take advantage of favourable patterns and trends within the auditing industry;
  • Working with the Chief Auditor to ensure appropriate resources with skills and experience relating to RESL and other Canadian Banking businesses;
  • Considering the scope of work of the external auditors and regulators for the purpose of providing optimal audit coverage to CIBC in the most efficient and effective manner;
  • Preparing and monitor a budget that is consistent with the implementation of the audit plan;
  • Provide advisory/consulting services, as requested, in a manner that ensures independence is not compromised;
  • Providing analysis and reports to the Chief Auditor in support of their responsibilities and to the Audit Committee, Board, CEO and Executive Committee of CIBC as required;
  • Ensuring that the audit plan for RESL and Canadian Banking is completed efficiently and effectively in line with the RESL Audit Strategy and the Annual Audit Plan approved by the Audit Committee; and
  • Conducting an annual risk-assessment and produce a dynamic audit plan that will accomplish the mandate, objectives, and scope of the Audit Charter including but not limited to planned audit activities related to Canadian Banking businesses, Data Governance and Management, Cybersecurity, and Third Party Risk.
  • Managing the assessment of audit needs on risk profiles developed with the designated  business areas.
  • Establishing objectives and developing work plans covering audit activities and projects to  ensure the effective achievement of results.  This includes developing and negotiating the costs of audit services to be provided to the businesses and then managing to plan.
  • Ensuring that the reports provided to the designated business are supported by appropriate analysis and evidence.
  • Providing the necessary leadership to change strategy, direction and approach to take advantage of favourable patterns and trends within the auditing environment and avoid or alter those that are problematic.
  • Ensuring that the activities of the Audit Team are effective and cost efficient by:
  • Enhancing existing programs/services by assessing the impact, effectiveness and feasibility of proposed changes;
  • Making authoritative recommendations/decisions regarding implementations; and
  • Ensuring that audit projects are completed effectively and efficiently in line with the overall approved plan and with attention to applicable professional standards.

People Leadership Accountabilities

  • Focus on collaboratively driving positive experience for clients and employees (Always professional, Radically Simple, Genuinely Caring)
  • Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect.
  • Provide leadership to a team of senior internal audit professionals and their direct reports in achieving the Internal Audit plan, executing on the Internal Audit strategy, executing the RESL audit strategy and achieving the financial plan.
  • Provide leadership, coaching, and mentoring to the team on best practices, change management, people management, and service quality to ensure the achievement of Internal Audit plan, management development, and succession planning.
  • Provide visible leadership by creating team spirit and champion CIBC’s purpose and leadership principles across Internal Audit.

What We’re Looking For

  • MBA or equivalent graduate degree, Certified Public Accountant or Certified Internal Auditor or equivalent designation.
  • Deep knowledge of Real Estate Secured Lending and Canadian Banking businesses and regulatory environment gained through over 15 years of audit, business or consulting experience.
  • Thorough knowledge of banking operations and related control structure, practices and standards.
  • Extensive working knowledge of CIBC operations sufficient to apply, adapt and develop complex auditing practices and processes related to administrative/operational activities.
  • Experience in a senior audit role with comprehensive knowledge of risk assessment, auditing methodologies and demonstrated ability to apply these for Real Estate Secured Lending and Canadian Banking businesses.
  • Comprehensive knowledge of strategic, business and financial planning processes.
  • Strong people management and leadership skills sufficient to lead and motivate a team of internal audit professionals in achieving the goals and objectives set out in the Annual Audit Plan and continuous monitoring activities.
  • Ability to develop and coach audit professionals in order to ensure continuous alignment with, and understanding of, the goals of a rapidly changing business environment and to ensure continuous growth of professionalism within the team.
  • Problem solving skills sufficient to creatively develop unique approaches and solutions necessary to resolve complex problems.
  • Well-developed interpersonal and communication skills in order to establish effective relationships with senior executives within Canadian Banking, regulators, as well as counterparts in other organizations.
  • Proven ability to influence outcomes and gain consensus to resolve issues.
  • Strong presentation and interactive skills to convey opinion on issues requiring extensive interpretation.
  • Well-developed writing skills sufficient to prepare reporting that demonstrates articulation of ideas and opinions.

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*, defined benefit pension plan*, an employee share purchase plan, 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.

Job Location

Toronto-81 Bay, 34th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Audit Management

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“title” : “Senior Vice-President, Canadian Banking, Capital Markets and Finance, Internal Audit”,
“description” : “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 The Senior Vice-President, Canadian Banking, Capital Markets, and Finance, Internal Audit provides strategic direction and leadership to the assigned portfolios, consistent with the strategies and priorities of the Internal Audit Division and the CIBC group of companies. The incumbent uses a breadth of knowledge and experience to provide value-added audit services and, to develop and maintain senior level client relationships. The SVP has overall accountability for providing executive leadership and expertise in managing audit services to areas of the bank, in order to ensure audit coverage and adherence to professional and corporate governance standards and objectives. In carrying out this mandate, the incumbent will develop and maintain strong partnerships with other governance functions and provide consistent and effective support to stakeholders and regulators in various jurisdictions. Through the use of industry best practice knowledge, the incumbent will provide independent and objective assessments as to the adequacy and effectiveness of internal control programs to assist senior management in control and risk strategies, and in the development and implementation of solutions to issues. The SVP is accountable for executing on the Real Estate Secured Lending (RESL) audit strategy to ensure comprehensive internal audit coverage of Real Estate Secured lending including but not limited to governance, first-line, risk management, regulatory compliance, technology infrastructure and innovation, finance and treasury. The role is also accountable for ensuring appropriate end-to-end coverage of other Canadian Banking businesses including, but not limited to Capital Markets, Finance, Commercial Banking, Cards, Retail Brokerage, Private Wealth Management and Business Contact Centres and related processes and controls. As an organizational leader, this role champions: CIBC employee experience principles: Always professional… so our team members can excel and be their best professional self. Radically simple… so our team members can focus on what they need to do and make an impact. Genuinely caring… so our team members can feel valued for who they are and what they contribute. CIBC leadership capabilities: Envisions the future…to innovate purposefully to create new value and harness new capabilities in order to meet the evolving needs of our diverse stakeholders. Inspires hearts and minds…to build an inclusive culture where we make bold choices, collaborate, and empower others to take chances and do what’s right for our stakeholders. Drives action and impact, together…to align with urgency around what matters, making decisions with speed and always making a real difference. What You’ll be Doing Demonstrate a deep understanding of Real Estate Secured Lending products and regulatory requirements and be knowledgeable of current and emerging industry practices and regulatory expectations relating to internal control, risk management and governance systems and processes relating to Real Estate Secured Lending and other Canadian Banking businesses. Maintain knowledge of new initiatives and risks by participating in appropriate management committees and liaising with oversight functions such as Compliance and Risk Management. Establish in partnership with the EVP and Chief Auditor and other members of the management team within the Internal Audit division, the vision, long-terms strategic business direction, objectives, and plans for the Internal Audit Division. Conduct an annual risk-assessment and produce a dynamic audit plan that will accomplish the mandate, objectives, and scope of the Audit Charter including but not limited to planned audit activities related to Data Governance and Management and Cybersecurity. Maintain and enhance the RESL audit strategy with input from other members of the management team and other governance functions. This will include: Providing leadership to define effective business processes for the Audit team and working with other members of management on business process relating to assigned business groups; Ensuring risk assessment related to RESL and other Canadian Banking businesses is current through annual planning and continuous monitoring activities; Manage the assessment of audit needs on risk profiles developed with the designated business areas; Establishing objectives and developing work plans covering audit activities and projects to ensure the effective achievement of results; Ensuring that the reports provided to Canadian Banking businesses are supported by appropriate analysis and evidence; Providing the necessary leadership to change strategy, direction and approach to take advantage of favourable patterns and trends within the auditing industry; Working with the Chief Auditor to ensure appropriate resources with skills and experience relating to RESL and other Canadian Banking businesses; Considering the scope of work of the external auditors and regulators for the purpose of providing optimal audit coverage to CIBC in the most efficient and effective manner; Preparing and monitor a budget that is consistent with the implementation of the audit plan; Provide advisory/consulting services, as requested, in a manner that ensures independence is not compromised; Providing analysis and reports to the Chief Auditor in support of their responsibilities and to the Audit Committee, Board, CEO and Executive Committee of CIBC as required; Ensuring that the audit plan for RESL and Canadian Banking is completed efficiently and effectively in line with the RESL Audit Strategy and the Annual Audit Plan approved by the Audit Committee; and Conducting an annual risk-assessment and produce a dynamic audit plan that will accomplish the mandate, objectives, and scope of the Audit Charter including but not limited to planned audit activities related to Canadian Banking businesses, Data Governance and Management, Cybersecurity, and Third Party Risk. Managing the assessment of audit needs on risk profiles developed with the designated business areas. Establishing objectives and developing work plans covering audit activities and projects to ensure the effective achievement of results. This includes developing and negotiating the costs of audit services to be provided to the businesses and then managing to plan. Ensuring that the reports provided to the designated business are supported by appropriate analysis and evidence. Providing the necessary leadership to change strategy, direction and approach to take advantage of favourable patterns and trends within the auditing environment and avoid or alter those that are problematic. Ensuring that the activities of the Audit Team are effective and cost efficient by: Enhancing existing programs/services by assessing the impact, effectiveness and feasibility of proposed changes; Making authoritative recommendations/decisions regarding implementations; and Ensuring that audit projects are completed effectively and efficiently in line with the overall approved plan and with attention to applicable professional standards. People Leadership Accountabilities Focus on collaboratively driving positive experience for clients and employees (Always professional, Radically Simple, Genuinely Caring) Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect. Provide leadership to a team of senior internal audit professionals and their direct reports in achieving the Internal Audit plan, executing on the Internal Audit strategy, executing the RESL audit strategy and achieving the financial plan. Provide leadership, coaching, and mentoring to the team on best practices, change management, people management, and service quality to ensure the achievement of Internal Audit plan, management development, and succession planning. Provide visible leadership by creating team spirit and champion CIBC’s purpose and leadership principles across Internal Audit. What We’re Looking For MBA or equivalent graduate degree, Certified Public Accountant or Certified Internal Auditor or equivalent designation. Deep knowledge of Real Estate Secured Lending and Canadian Banking businesses and regulatory environment gained through over 15 years of audit, business or consulting experience. Thorough knowledge of banking operations and related control structure, practices and standards. Extensive working knowledge of CIBC operations sufficient to apply, adapt and develop complex auditing practices and processes related to administrative/operational activities. Experience in a senior audit role with comprehensive knowledge of risk assessment, auditing methodologies and demonstrated ability to apply these for Real Estate Secured Lending and Canadian Banking businesses. Comprehensive knowledge of strategic, business and financial planning processes. Strong people management and leadership skills sufficient to lead and motivate a team of internal audit professionals in achieving the goals and objectives set out in the Annual Audit Plan and continuous monitoring activities. Ability to develop and coach audit professionals in order to ensure continuous alignment with, and understanding of, the goals of a rapidly changing business environment and to ensure continuous growth of professionalism within the team. Problem solving skills sufficient to creatively develop unique approaches and solutions necessary to resolve complex problems. Well-developed interpersonal and communication skills in order to establish effective relationships with senior executives within Canadian Banking, regulators, as well as counterparts in other organizations. Proven ability to influence outcomes and gain consensus to resolve issues. Strong presentation and interactive skills to convey opinion on issues requiring extensive interpretation. Well-developed writing skills sufficient to prepare reporting that demonstrates articulation of ideas and opinions. 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*, defined benefit pension plan*, an employee share purchase plan, 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. Job Location Toronto-81 Bay, 34th Floor Employment Type Regular Weekly Hours 37.5 Skills Audit Management At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities – a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.”,
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Senior Vice-President, Canadian Banking, Capital Markets and Finance, Internal Audit Job ID- 177