The PrivateBank Consumer Compliance Advisor - Second Line of Defense in Chicago, Illinois
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning.
CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world.
Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all of our team members can excel.
The Advisory Compliance Officer (ACO) will assist in the development and implementation of CIBC Bank USA’s Compliance Risk Management Program focusing on consumer and non-consumer deposit, lending and credit-related laws and regulations. The ACO is responsible for providing compliance oversight and support to lines of business and operational areas and ensuring policies and procedures are maintained at a level commensurate with the Bank’s risk appetite. The ACO will also assist with implementation of applicable regulatory changes across various lines of business and operational areas. Duties and responsibilities will include but are not limited to:
Develop and maintain the applicable Compliance Programs to ensure policies and procedures are current and reflect regulatory and process changes.
Collaborate with the lines of business and operational areas on implementation of regulatory changes and provide guidance and support on projects and process enhancements.
Analyze regulatory changes and develop summary of requirements and impacts to the Bank.
Evaluate policies, procedures, and controls to identify risks and work with impacted areas to develop corrective action or performance gap closure.
Provide compliance advice and guidance regarding the development of marketing materials, including drafting product disclosures.
Serve as a subject matter expert of all consumer compliance deposit and lending-related laws and regulations to develop and execute training, contribute to the Bank’s Compliance Risk Assessment, and other activities necessary to maintain a satisfactory Compliance Risk Management Program.
Assist in the coordination of audit and exam materials.
Stay abreast of regulatory changes and industry trends.
Working knowledge of all consumer protection laws and regulations, including but not limited to Regulation CC, Regulation D, Regulation E, Regulation DD, ECOA, FHA, HMDA, UDAAP, TILA, FCRA, FDCPA, SAFE Act, MLA, SCRA, and RESPA.
Working knowledge of non-consumer regulations, including but not limited to the Volcker Rule, the Securities Exchange Act, ERISA, Anti-Tying, Regulation U, Regulation O, and Regulation W.
7+ years’ experience in regulatory compliance, CRCM, and/or JD.
Advanced Excel, Word, and PowerPoint skills.
Excellent interpersonal skills, including verbal and written communications.
Effective project management skills to lead and contribute to regulatory implementation projects.
Strong research, analysis, problem-solving, and decision-making skills with ability to identify compliance risks and issues for escalation to management, as necessary.
Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment.
Regulation W proficiency is preferred.
External Company Name: CIBC US
External Company URL: https://us.cibc.com
Street: 120 South LaSalle Street