Vice-President, Compliance, Commercial Banking & Wealth Management

Full time Full day
Toronto, ON
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

Job Description

The role of the VP, Compliance, Commercial Banking & Wealth Management is to protect CIBC from reputational damage, monetary penalties and financial exposure resulting from non-compliance with laws, regulations, and policies impacting CIBC’s Commercial Banking and Wealth Management Canada businesses, as well as the securities activities of Personal and Business Banking (PBB) and Direct Financial Services (DFS) unit in Capital Markets

The role provides independent oversight of compliance with laws and regulations within Commercial Banking and Wealth Management Canada and in respect of the securities activities of PBB and DFS, including opining on the adequacy and effectiveness of compliance processes and status of compliance, and following up with management on issues identified and the adequacy and timeliness of actions taken

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 how they contribute

What You’ll be Doing

Shaping/Influencing Business Strategies and Strategic Planning:

  • Coordinating and managing Regulatory Examinations , the success of which has a direct impact on CIBC’s strategies and execution of such strategies

  • Design and oversight of all non-finance securities regulatory examinations in Canadian jurisdictions related to the Wealth Management, Canada, PBB and DFS securities businesses and the Commercial Banking, Canada, business

  • Act as an interface with our Canadian securities regulators relating to business conduct issues

  • Continuously balance the expectations of our stakeholders, including our clients, regulators, internal and external auditors, and business leaders. Ultimately, achieving this balance results in good business practices and prudent (and profitable) strategic planning and execution

  • Contribute to the New Product Review Committee and Change Initiative Risk Assessment (CIRA) processes to ensure that the appropriate control issues and processes are in place prior to initiation

  • Attend key management meetings and other management forums involving strategic initiatives and/or issues. This enables Compliance to be proactively building controls, rather than reactively fixing control issues

Internal and External Business Development/Client Service:

  • Communicate policies, procedures and/or new regulatory requirements simply and efficiently to affected CIBC Commercial Banking and Wealth Management, PBB and DFS businesses in order to avoid bureaucracy and process burden

  • Continuously partner with the following internal clients in order to foster an integrated system of internal controls and compliance: (1) Executive Management, (2) Business Leaders, (3) Legal, (4) Internal Audit, (5) Finance, (6) Operations, (7) Technology, (8) Risk Management, and (9) other infrastructure units, including Corporate Communications and Human Resources

  • Maintaining ongoing relationships with regulatory bodies in order to preserve and enhance CIBC’s credibility and goodwill. The VP Compliance, Commercial Banking and Wealth Management is a member of a number of industry group working committees with representation from members of industry and industry associations

Risk Management:

  • Help build and maintain an integrated system of internal controls and compliance for CIBC to manage the risks noted above. This is achieved through compliance training, completion and follow up with simplified self-assessments, and ongoing discussions with CIBC’s Commercial Banking and Wealth Management, PBB and DFS management and staff

  • Promote an effective system of internal controls by communicating regularly with Commercial Banking and Wealth Management, PBB and DFS Executive Management to promote the appropriate corporate culture and environment; promulgates the issuance of compliance policies (via the internet and other means); and works very closely with Internal Audit as well as Legal in order to provide corporate governance advice to CIBC Commercial Banking and Wealth Management, PBB and DFS businesses on an ongoing basis

  • Participate in the control and risk self-assessment processes including new product approval committees, the CIRA process, and other processes designed, in part, to identify material risks

People Management/Leadership:

  • Lead the Commercial Banking & Wealth Management Compliance Group within Compliance & Global Regulatory Affairs

  • Set high standards and work to minimize non-compliance while providing direction and control over CIBC’s Commercial Banking and Wealth Management, PBB and DFS business

  • Promote partnership with the businesses

  • When communicating on matters of compliance (or non-compliance), the VP, Compliance, Commercial Banking and Wealth Management will report such matters to the SVP, Chief Compliance Officer and Global Regulatory Affairs who is authorized to report such matters to the CIBC Board of Directors, its various Committees, the Chairman, the CEO and other senior officers of the Bank. This requires the need for leadership, independence, persistence yet sensitivity, prudent judgment, prioritization of key issues, and strong verbal and written communication skills

  • Given the broader nature (or definition) of compliance to be implemented and integrated throughout CIBC, the VP, Compliance, Commercial Banking and Wealth Management will need to work closely with, and provide leadership for, infrastructure units such as Finance, Legal, Global Operations, Technology and Risk Management in order for those units to mutually understand each others’ roles and responsibilities with respect to compliance and internal controls

What We’re Looking For

  • Knowledge of the Canadian securities regulatory environment and specifically good level of knowledge of securities laws and regulations as well as certain aspects of the US securities regulatory environment as applicable to CAMI and CPIC

  • Knowledge of trust and insurance regulation is necessary to give leadership to compliance in those areas

  • Knowledge of regulation applicable to commercial banking to give leadership and coordination to compliance in those areas. This is needed in order to service internal clients’ needs and to relate to regulatory demands and dialogue

  • Knowledge of CIBC’s products and services, policies and procedures and business culture to relate regulatory needs to specific product and delivery channel needs

  • Knowledge of the markets and practices in which CIBC Commercial Banking and Wealth Management, PBB and DFS operate in order to link our practices to those of the market place. This is necessary to align compliance requirements with business practices

  • Knowledge of the CIBC organization and personnel in order to understand how to manage compliance and the control points at which one might intercede to manage compliance and an effective system of internal controls

  • Judgment in handling complex and highly confidential matters

  • Skills, such as conducting interviews and negotiation, required to conduct effective internal investigations specific to the conduct of a registrant or employee

  • Judgment in determining the appropriate level of internal discipline. For example, the VP, Commercial Banking and Wealth Management Compliance oversees the internal disciplinary process for CIBC Wood Gundy, CIBC Investor Services Inc. including Imperial Investor Services, and Investor’s Edge and CIBC Securities Inc

  • Analytical knowledge of complex products, issues and people and the mix thereof

  • Leadership and people skills to manage regulators, compliance officers and their clients including the front office, infrastructure and risk management units

  • Excellent leadership skills, written and verbal skills, negotiation, teamwork; and most importantly, a sense of urgency and results-orientation

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

    [email protected]

  • 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-CC East 9th Floor

Employment Type

Weekly Hours


Compliance Oversight

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