FAQs
What is the main objective of the Audit Manager, Regulatory Validation position at CIBC?
The main objective of the Audit Manager, Regulatory Validation position is to provide insight and proactive control advice to enhance the overall control environment within CIBC, specifically through planning, executing, and reporting on large and complex regulatory remediation validations across various business lines, focusing on the Real Estate Secured Lending portfolio.
What kind of experience and qualifications are required for this role?
Candidates are typically required to have a comprehensive knowledge of auditing practices and accounting principles, alongside strong knowledge of retail banking and the related regulatory environment in Canada. A certified professional designation (e.g. CPA, CA, CMA, CGA, ACCA, CIA) or a business degree (e.g. MBA) is typically expected, along with pertinent business experience in the banking or financial services industry or in internal/external audit assurance and consulting services.
How does CIBC support work-life balance for this position?
CIBC offers a hybrid work arrangement that allows flexibility in managing work activities, with an expectation of spending 2-3 days per week on-site while allowing the remaining days to be remote.
What skills are necessary for success in this role?
Necessary skills include strong analytical thinking, audit management, internal controls assessment, effective risk management and mitigation, as well as the ability to work collaboratively with various stakeholders. Clear, concise, and influential communication skills are also crucial for reporting and maintaining strong relationships.
What is the nature of the relationship that the Audit Manager is expected to maintain with other business partners?
The Audit Manager is expected to provide trusted and proactive advice to business partners regarding their remediation activities, ensuring optimal progress on CIBC's regulatory deficiency remediation and validation efforts, particularly in collaboration with the Real Estate Secured Lending project team.
What benefits does CIBC offer to employees in this role?
CIBC offers a competitive salary, incentive pay, benefits program, defined benefit pension plan, employee share purchase plan, vacation offerings, wellbeing support, and participation in the MomentMakers recognition program, among other personalized recognition methods. Additionally, employees have access to initiatives like Purpose Day, a paid day off for personal growth and development.
What is the role of communication in the Audit Manager position?
Communication is vital in this role as the Audit Manager must demonstrate clear and influential written and verbal communication skills, regularly updating stakeholders on engagement progress, providing advice on risk and regulatory matters, and ensuring that all audit reporting is presented professionally.
What is CIBC's stance on inclusivity in the workplace?
CIBC is committed to fostering an inclusive environment where all team members and clients feel they belong. This includes seeking applicants with a diverse range of abilities and providing an accessible candidate experience throughout the application process.