Logo of Huzzle

Home

Matches

Explore

Manage

Audit Manager, Regulatory Validation

image

CIBC

1mo ago

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You have extensive auditing knowledge in retail banking, a relevant certification, strong attention to detail, critical thinking skills, and value teamwork, trust, and accountability.
  • You will plan and execute regulatory validation activities, assess remediation adequacy, advise partners, and maintain clear communication on team progress and compliance standards.

Requirements

  • You can demonstrate experience in having a comprehensive knowledge of auditing practices and accounting principles and processes, and strong knowledge with a focus on retail banking and the related regulatory environment in Canada.
  • You are a certified professional. Typically, this knowledge is acquired through obtaining an auditing or accounting designation (e.g., CPA, CA, CMA, CGA, ACCA, CIA), a business degree (e.g., MBA), in addition to business experience either in the banking or financial services industry or internal / external audit assurance and consulting services.
  • You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
  • You are passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
  • You are driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
  • Values matter to you. You bring your real self to work, and you live our values – trust, teamwork, and accountability.

Responsibilities

  • Audit effectiveness and execution - Work collaboratively with internal and external stakeholders to plan and execute regulatory remediation validation activities and effectively manage multiple activities at different stages to ensure completion within required timelines. You will communicate regularly on progress and issues to ensure timely execution of team’s deliverables and at a high level of quality and compliance with audit standards.
  • Audit reporting - You will drive the development of deficiency remediation closure memos where you objectively assess the adequacy of management remediation activities and their potential impact on the business and to the CIBC Group of Companies while presenting them in a clear, concise, and professional way.
  • Strong relationship management - Provide trusted and proactive advice to business partners as they progress through their remediation activities. You will partner closely with the Real Estate Secured Lending project team to ensure optimized progress on CIBCs regulatory deficiency remediation and validation activities.
  • Communication - Demonstrate clear, concise, and influential written and verbal communication skills when reporting on the team’s status. Develop strong internal and external relationships through ongoing communication on progress of engagements and providing advice on risk, control, and regulatory matters.

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.

CIBC

Ambitions Made Real

Finance
Industry
10,001+
Employees
1961
Founded Year

Mission & Purpose

The Canadian Imperial Bank of Commerce (CIBC) is a major financial institution that provides a wide range of banking and financial services. CIBC's ultimate mission is to be a leading, innovative financial institution that helps clients achieve their financial goals. The bank's purpose is rooted in delivering trusted advice and exceptional service to individuals, businesses, and communities. CIBC is committed to fostering economic growth, supporting financial well-being, and contributing to the overall prosperity of its clients and the regions it serves. With a focus on integrity and customer satisfaction, CIBC plays a vital role in the Canadian and international financial landscape, offering solutions that span banking, wealth management, and capital markets to meet the diverse needs of its stakeholders.

Benefits

  • Financial health

    Rewards and resources to support your short and long-term financial goals. At a glance: 50% employee share matching plan, Employee Banking Offer including free banking services, credit cards and more, Defined Benefit Pension Plan that provides you with a secure retirement for life

  • Mental health

    Resources to support your mental health and increase your resiliency. At a glance: Mental health therapy covered at 100% and $5,000 per person per year, Online and in-person counselling, Shareable mental health video library, Mindfulness education and practice tools