What are the responsibilities and job description for the Associate, Compliance Advisor, Private Wealth Group position at CIBC?
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
CIBC's US Compliance Department provides timely, proactive advice and independent second line oversight to the US Wealth Management, US Capital Markets, and US Commercial Banking lines of business. US Compliance supports these lines of business by being proactive advisors, trusted specialists and value-added partners. Together with the lines of business and in line with CIBC's Risk Appetite Statement, US Compliance works to identify, assess, manage and mitigate regulatory compliance risk to protect CIBC's reputation and brand, while helping CIBC become a strong, innovative and relationship-oriented bank.
CIBC seeks a Compliance Advisor that will be instrumental in supporting the execution of the US Private Wealth Group ("PWG") and CIBC Inc.'s Compliance Risk Management Program with a focus on asset and wealth management regulations. In this role the PWG Compliance Advisor ("PWG CA") will be responsible for providing compliance support and oversight to the SEC-registered investment advisor ("RIA") and trust companies contained within CIBC's US Private Wealth Group. The PWG CA will help ensure that policies and procedures are maintained at a level commensurate with PWG's and CIBC's risk appetite.
How You'll Succeed
To support the implementation and maintenance of PWG's Compliance program, the PWG CA will be accountable for :
- Implementing the PWG Compliance Program which supports a large, diversified, RIA and two trust companies.
- Developing portfolio monitoring and trade surveillance reports to help ensure the referenced compliance program meets its objective.
- Monitoring trading activity against investment restrictions and regulatory requirements.
- Maintaining and enhancing the PWG Compliance Program's policies and procedures.
- Implementing applicable regulatory changes across various lines of business and operational areas.
- Evaluating business procedures and controls to identify compliance risks.
- Providing guidance on regulatory interpretations of applicable asset and wealth management regulations and advise on actions to ensure compliance.
- Assist with the preparation of regulatory filings.
- Review employee communications to help ensure compliance with associated guidelines.
- Review marketing materials for regulatory compliance as needed.
- Perform Code of Ethics related monitoring as needed.
Who You Are
To be held accountable for the above referenced responsibilities and perform his or her role successfully, the PWG CA should have :
CROSS-FUNCTIONAL RELATIONSHIPS
COMPLIANCE REQUIREMENTS / RESPONSIBILITIES
AUTHORITIES / DECISION RIGHTS
JOB DIMENSIONS
WORKING CONDITIONS
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $86,600-$126,900 for the Chicago, IL City, State 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 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.
What you need to know
Job Location
IL - 181 W Madison
Employment Type
Regular
Weekly Hours
Skills
Business, Business Conduct, Company Policies, Compliance Programs, Compliance Reporting, Compliance Testing, Decision Making, Regulatory Compliance, Risk Assessments, Strategic Advice
Salary : $86,600 - $126,900
