What are the responsibilities and job description for the Director of Portfolio Oversight position at CIBC US?
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
As the Director of Portfolio Oversight, you will lead teams responsible for the ongoing development, implementation, and expansion of the firm’s portfolio oversight program. This program ensures adherence to key risk controls and regulatory requirements, with periodic reporting presented to the firm’s Investment Oversight Committees.
In this role, you’ll work closely with the Head of Portfolio Oversight to identify process enhancements, strengthen controls, and expand monitoring to ensure client investment portfolios align with investment policy statements and Investment Policy Committee decisions. You will oversee the Regulation 9 investment review process, pre-trade compliance rules, and the monitoring of proprietary separately managed and wrap equity programs.
How You’ll Succeed
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.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $200,000 - $255,000 for the New York, New York market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.
CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, 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), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
What You Need To Know
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.
NY-300 Madison Ave., 7th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Decision Making, Process Improvements, Quality Assurance (QA), Regulatory Compliance, Risk Assessments, Strategic Objectives
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
As the Director of Portfolio Oversight, you will lead teams responsible for the ongoing development, implementation, and expansion of the firm’s portfolio oversight program. This program ensures adherence to key risk controls and regulatory requirements, with periodic reporting presented to the firm’s Investment Oversight Committees.
In this role, you’ll work closely with the Head of Portfolio Oversight to identify process enhancements, strengthen controls, and expand monitoring to ensure client investment portfolios align with investment policy statements and Investment Policy Committee decisions. You will oversee the Regulation 9 investment review process, pre-trade compliance rules, and the monitoring of proprietary separately managed and wrap equity programs.
How You’ll Succeed
- Lead portfolio oversight teams: Manage investment professionals to maintain an efficient operating model that executes portfolio oversight functions effectively.
- Oversee Regulation 9 review process: Design and implement enhanced controls to identify and report investment review exceptions, including asset allocation drift, asset concentrations, and non-approved holdings.
- Enhance compliance monitoring: Analyze reports on aged investment policy statements and coordinate training to ensure Relationship Management teams meet regulatory guidelines.
- Manage portfolio oversight programs: Oversee the firm’s separately managed and wrap equity portfolios, ensuring adherence to investment policies.
- Drive process improvements: Partner with senior leadership to identify opportunities to strengthen the firm’s control environment and expand monitoring efforts.
- Collaborate across teams: Work closely with Relationship Managers, Compliance, Operations, and Portfolio Managers to support oversight initiatives.
- Lead special projects: Play a key role in cross-functional investment initiatives that enhance platform offerings and regulatory compliance.
- Educational background: You have a bachelor’s degree in finance or another business-related field.
- Experienced leader: You have proven experience in investment management, risk assessment, and compliance in Wealth Management.
- Regulatory expert: You have strong knowledge of investment products, regulatory requirements (40 Act & Regulation 9), and investment operations.
- Analytical and detail-oriented: You excel at evaluating investment and trading processes, ensuring compliance, and implementing controls.
- Strong communicator: You effectively engage with senior leadership, investment teams, and cross-functional partners.
- Decisive and adaptable: You perform well under pressure, making timely decisions in a fast-paced environment.
- Organized and strategic: You prioritize tasks effectively, ensuring key issues are addressed in a timely manner.
- Tech-savvy: You are familiar with Wealth Management applications such as SEI, Charles River, and FactSet.
- Collaborative team player: You thrive in a team-driven environment and are comfortable working with senior executives and cross-functional teams.
- Willing to travel: You have the flexibility to travel as needed.
- A well-executed Regulation 9 investment review process with strong compliance controls.
- Effective portfolio oversight programs that ensure investment policy adherence.
- Strong partnerships with Relationship Managers, Compliance, and Portfolio Managers to support risk management initiatives.
- Process improvements that enhance the firm’s control environment and oversight capabilities.
- Successful execution of cross-functional investment initiatives that expand the firm’s platform offerings.
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 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
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $200,000 - $255,000 for the New York, New York market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.
CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, 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), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
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.
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
- 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.
NY-300 Madison Ave., 7th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Decision Making, Process Improvements, Quality Assurance (QA), Regulatory Compliance, Risk Assessments, Strategic Objectives
Salary : $200,000 - $255,000
