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Sr Manager, Risk Insights & Reporting, Operational Risk – 12 months Secondment


This is a Contract position in Toronto, ON posted January 12, 2022.

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

Job Description

What you’ll be doing

Global Operational Risk Management (GORM) is responsible for providing oversight of CIBC’s global operational risk exposures through the Operational Risk Management and Control Frameworks including people, technology, processes or external events. The Operational Risk Management and Control Programs is part of GORM and is responsible for developing and managing frameworks, policies, systems, tools and processes to ensure CIBC has a sound internal control environment, meets regulatory requirements and is effective in managing operational risks. The group is also responsible for operational risk measurement including the calculation of operational risk capital in compliances with the regulatory requirements.

As a Senior Manager, in this second line of defense risk management role, you will provide support to lead the Scenario Analysis Program, a key tool used in managing and measuring operational risk by obtaining expert opinion of business line management and Control Groups to identify potential operational risk events and assess their outcome, and where appropriate, identify actions to mitigate the risk exposures. You will also play a key role to support the management of the Risk Review Program. A Risk Review is an objective assessment of a business unit’s operational risk management strategies and practices on specific topics, and is complimentary to other operational risk activities/tools (e.g. scenario analysis). In addition, you will perform a monthly regulatory review and stay abreast of regulatory changes that impact CIBC’s Operational Risk Management Policy and Control Framework.

  • 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 1-3 days per week on-site, while other days will be remote.

  • This is a 12 months Secondment position

How you’ll succeed

  • Ownership – Responsible for managing all scenario data and performing specific Scenario Analysis and Risk Review program activities.

  • Gathering and validating scenario input data – Review internal loss data, external loss data, Risk and Control Self-Assessments (RCSAs), Incident Reports, Audit Reports, Change Initiative Risk Assessments (CIRAs), Controls and Deficiencies.

  • Analyzing scenario data – Sort through loss data from CIBC, ORX, and other external event sources and review all information gathered to support decision-making on scenario selection and inform the frequency and severity discussions.

  • Researching industry data – discover new scenario topic themes (i.e., ORX News, ORX Scenario Library review), and ensure any coverage gaps are highlighted. Also, maintain the existing scenario library.

  • Preparing and facilitating scenario workshops – Work with colleagues within GORM to identify relevant loss scenarios and workshop participants. Prepare and distribute materials for the scenario workshops. Schedule, facilitate and take notes on workshop discussions. Ensure decisions, rationale, challenges and responses are recorded. Document the output from the scenario workshops and facilitate post workshop follow up activities with participants.

  • Prepare regulatory updates on a monthly basis by researching websites of regulatory bodies and relevant publications, and communicate regulatory changes to GORM stakeholders.

Who you are

  • You can demonstrate experience in operational risk management processes and procedures; and possess good knowledge of regulatory requirements; You also have deep knowledge of banking products and services; Good working experience with Microsoft Word, Excel, and PowerPoint will be highly beneficial for the role.

  • 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 give meaning to data. You enjoy investigating complex problems, and making sense of information. You’re confident in your ability to communicate detailed information in an impactful way.

  • You love to learn. You’re passionate about growing your knowledge, and you know that there is no limit to what you can achieve.

  • You’re driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.

  • You act like an owner. You thrive when you’re empowered to take the lead, go above and beyond, and deliver results.

  • You’re passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity

  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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 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.

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

  • 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

  • CIBC is committed to doing our part to protect our team, our clients and our communities. We want to ensure we have a safe and healthy workplace, and we want to do our part to get through this pandemic. In keeping with this commitment, and as a condition of employment, CIBC requires all successful candidates to be fully vaccinated against COVID-19 as of their start date, or provide written proof of a medical exemption, or other substantiated accommodation request under applicable human rights legislation.

Job Location

Toronto-81 Bay, 31st Floor

Employment Type

Temporary (Fixed Term)

Weekly Hours