Director, Data and AI Operational Risk

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

What you’ll be doing

As a member of the Risk Management team, you’ll lead the implementation of CIBC's Second Line of Defense operational risk program for Data and Artificial Intelligence (AI). As a Director, you’ll focus on leading comprehensive risk assessments, establishing oversight mechanisms, and collaborating with stakeholders to enhance risk management practices.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote.

How you’ll succeed

• Risk assessment leadership - Lead comprehensive risk assessments, including Change Initiative Risk Assessments (CIRA) and Risk and Control Self-Assessments (RCSAs), to identify and mitigate operational risks associated with data, AI, and project management.
• Operational risk framework oversight - Establish mechanisms to optimize risk insights, ensuring alignment with CIBC’s risk taxonomy and regulatory standards.
• Stakeholder engagement - Collaborate with key stakeholders across CIBC to effectively identify, assess, and manage operational risks related to processes and key business services. Foster strong relationships to promote a culture of risk awareness.
• Risk analysis and improvement plans - Define and implement a structured approach for conducting gap assessments of operational risk policies and practices, creating actionable plans to address identified areas for improvement.
• Monitoring and assessment of internal controls - Collaborate with business owners to ensure proper monitoring and assessment of internal controls, utilizing key metrics such as KPIs, KRIs, and KCIs to evaluate effectiveness.
• Deliver comprehensive risk reporting - Establish and provide regular reporting on operational risks, controls, and mitigations, ensuring that senior management and relevant committees receive timely updates and actionable insights.

Who you are

• You can demonstrate extensive experience in operational risk management, particularly in data and AI initiatives. You have a proven track record in conducting risk assessments and managing operational controls effectively.
• It’s an asset if you hold certifications related to data management or artificial intelligence such as Data Management Capability Assessment Model (DCAM); or certifications/accreditations related to risk management, such as RIMS Certified Risk Management Professional.
• You’re motivated by collective success. You know that teamwork can transform a good idea into a great one.
• Values matter to you. You bring your real self to work and live our values – trust, teamwork, and accountability.

#LI-TA

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*, defined benefit pension plan*, an employee share purchase plan, 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 Mailbox.careers-carrieres@cibc.com

• 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, French proficiency, 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

Toronto-81 Bay, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Continuous Improvement Techniques, Control Assessment, Controls Testing, Data Governance, Data Governance Framework, Data Management, Emerging Risks, Group Problem Solving, Internal Control Assessment, Internal Control Testing, Leadership, Operational Risk Assessment, Operational Risks, Operation Risk Management, Predictive Modeling, Regulatory Requirements, Risk Analytics, Risk Management, Risk Management Framework, Technology Risk, Technology Risk Management