Senior Compliance Officer, Private Wealth (Chicago)

Canadian Imperial Bank Of Commerce Chicago , IL 60602

Posted 2 months ago

JOB PURPOSE

The Senior Compliance Officer will participate in the identification, implementation, resolution, and ongoing monitoring of compliance issues related to CIBC Private Wealth Management's national trust company, as well as the Delaware trust company. The Senior Compliance Officer will also support all internal reporting processes.

KEY ACCOUNTABILITIES

  • Review, analyze, and interpret issues related to compliance with applicable OCC regulations, relating to trust companies and general fiduciary regulations, including 12 CFR Part 9 (commonly referred to as Reg 9), as well as regulations related to Delaware trust companies.

  • Develop, coordinate, and execute various compliance testing and monitoring initiatives related to the aforementioned regulations, including but not limited to overdrafts, uninvested cash, affiliated holdings, and annual account reviews

  • Use existing systems to ensure that compliance policies and procedures are being adhered to for all client accounts

  • Develop and maintain the trust company's policies and procedures manual and draft new policies and procedures as needed

  • Prepare and review reporting on testing and oversight results for the CCO, including the monthly Fed Dashboard and the quarterly CCO Report, and assist in department planning as needed

  • Participate in committee meetings related to fiduciary matters, including Discretionary Actions Committee, Risk Management Committee and Trust Committee

  • Act as SOX/Maintenance Officer for the trust company to update ICR, as needed, and review and update RCM controls and risk ratings, as needed

  • Provide advice and guidance to the line of business, as needed, on fiduciary related questions/issues

  • Participate in special projects and perform other duties as assigned, including participation in regulatory and audit exams

KNOWLEDGE AND SKILLS

  • Strong knowledge of trust and general fiduciary laws and regulations.

  • 3-5 years of trust company and/or fiduciary compliance and risk management experience.

  • Strong organizational skills, including the ability to prioritize and follow-up on key issues in a timely manner.

  • Ability to manage multiple projects and deadlines simultaneously.

  • Strong interpersonal skills in order to maintain working relationships with infrastructure support partners and front office personnel.

  • Ability to work effectively in a team environment.

  • Excellent verbal and writing skills.

  • Willingness to travel on occasion.

WORKING CONDITIONS

  • This role operates within a normal office environment with little exposure to adverse working conditions.
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Senior Compliance Officer, Private Wealth (Chicago)

Canadian Imperial Bank Of Commerce