Director, U.S. Third Party Risk Oversight Operations

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

As the Director of Third Party Risk Oversight Operations, you will lead our efforts in managing third-party risk and ensuring governance, oversight and compliance with US region's risk posture and regulatory requirements. You will be responsible for operationalization of controls processes to align with the bank's risk governance frameworks, policy and procedure that align with CIBC's strategic objectives. Your expertise in risk management will help us identify, assess, and mitigate risks associated with third-party relationships, ensuring that our business operations remain secure and compliant. Part of your role will also involve oversight coordination and governance to services that are provided by the Enterprise to the region or by other regions of the bank as a service consumer.

The role drives innovation across all areas of responsibility, applying expert interpersonal, communication, and problem-solving skills to lead the alignment of technology best practices and application strategies to help respective business lines achieve their targeted goals.

What you'll be doing

The Director, U.S. Third Party Risk is a seasoned professional responsible for leading a team to create and implement a third party management framework to help manage vendor relationships consistently and effectively.

The role recommends policy, procedure, control and processes related modifications, communicating regularly with vendor relationship managers to create an active and positive relationships with all internal third party stakeholders and vendor partners.

The Director, Third Party Risk exercises a high degree of independent judgement, staying well informed of the terms of relevant vendor contracts regarding reporting obligations, financial implications, terms for breach, escalation procedures, and change management.

The role drives innovation across all areas of responsibility, applying expert interpersonal, communication, and problem-solving skills to lead the alignment of technology best practices and application strategies to help respective business lines achieve their targeted goals.

How you’ll succeed

• You embrace and advocate for change. You continuously evolve your thinking and the way you work in order to deliver your best.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

• You’re goal oriented. You’re motivated by accomplishing your goals and delivering your best to make a difference.

• You focus on collaboratively driving positive experience for clients and employees (Always professional, Radically Simple, Genuinely Caring).

Who you are

• You have 7-10+ years of direct/related third party risk assessment, management experience, technology, cybersecurity operations and governance oversight.

• You are a strategic comprehensive leader with a background in governance, risk or controls.

• You have exceptionally strong influencing skills sufficient to significantly promote and/or negotiate on behalf of CIBC in situations that involve recognizing and responding to underlying concerns where others need to be persuaded to accept compromise solutions.

• You have strong communication skills with the ability to articulate complex technical concepts in a clear, concise manner through both written and verbal communications.

• You have experience leading high performing teams and a passion for driving program evolution and continuous improvement.

• You have exceptional problem solving skills to creatively develop unique approaches and solutions that are necessary to address complex problems.

Work Environment: Hybrid - onsite 2 days, remote 3 days

California residents — your privacy rights regarding your actual or prospective employment

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $170,000 - $195,000 for the 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 may also 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.

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.

• 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

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 .

• 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.

Job Location

IL-70 W Madison St, 9th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Management Reporting, People Management, Procurement Management, Procurement Outsourcing, Risk Management, Sourcing and Procurement, Third Party Risk Management, Vendor Management, Vendor Relationships