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Sr Auditor II - Wealth Management Portfolio

Company: CIBC Bank USA
Location: Chicago
Posted on: November 23, 2021

Job Description:

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  • Personal Banking
  • Private Wealth
  • Commercial
  • Small Business
  • Agility Savings Account Products and services on this site are provided by the following CIBC U.S. entities, which are indirect wholly-owned subsidiaries of Canadian Imperial Bank of Commerce ("CIBC"). Consumer and commercial deposit and loan products and services are provided by CIBC Bank USA, except as provided below.--All loans and other extensions of credit are subject to prior approval. CIBC Bank USA - Member FDIC. Trust services and investment products are offered by CIBC Bank USA and CIBC Private Wealth Management. CIBC Private Wealth Management includes CIBC National Trust Company, CIBC Delaware Trust Company and CIBC Private Wealth Advisors, Inc., which also operates under the name "Geneva Advisors." Trust services and investment products are not FDIC insured, not deposits or obligations of, or guaranteed by, CIBC Bank USA or CIBC National Trust Company, and are subject to investment risk, including loss of principal. Commercial real estate products and services offered by CIBC Bank USA and CIBC Inc. CIBC Capital Markets is a trademark brand name under which CIBC and some of its subsidiaries, including CIBC World Markets Inc., CIBC World Markets Corp. and CIBC Bank USA, provide different products and services. Capital Markets products are not FDIC insured; not deposits or obligations of, or guaranteed by, CIBC Bank USA; and are subject to investment risk, including loss of principal. This website is not intended for use by residents of the European Union (EU). Job Location US-IL-Chicago Posted Date 3 weeks ago (10/1/2021 4:24 PM) ID 2021-6313 # of Openings 1 Overview CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning. CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world. Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all of our team members can excel. Responsibilities Position Summary: The Audit Senior I - Wealth Management Portfolio is responsible for: 1) the timely execution of risk-based internal audits in accordance with the annual audit plan; 2) assisting with other audit advisory services and special projects; 3) actively participating on audits in all phases of the audit, including planning, execution, and reporting; and 4) at times leading internal audit team members. The position will focus on the Wealth Management line of business audit portfolio, which includes fiduciary account administration, investment management, and private banking. Responsibilities:
    • Perform work under the direction of the Internal Audit Manager, which can include individual or multiple audit assignments and leading audits
    • Document audit procedures in a quality manner and in compliance with the IIA Standards and department's audit methodology
    • Conduct risk assessment of assigned department or functional area in established/required timeline
    • Establish risk-based audit programs
    • Determine scope of review in conjunction with the Internal Audit Manager
    • Review the effectiveness of internal control design
    • Conduct audit testing of specified area and identify reportable issues and dimension of risk
    • Assess compliance with policies and procedures
    • Verbally communicate findings to senior management and draft comprehensive and clear issues
    • Review audit work papers prepared by the audit staff to ensure quality and compliance with the department's audit methodology
    • Lead teams with focus on creating a positive and inclusive work environment
    • Collaborate directly with clients, identifying and addressing client needs through building solid relationships with clients; understanding the client's business; actively participating in client discussions and meetings
    • Manage day-to-day engagement operations, including preparing concise, accurate documents and balancing project management with the occurrence of unanticipated issues; demonstrate flexibility in prioritizing and completing tasks; and communicate potential conflicts to leadership Qualifications Required Skills & Experience
      • Bachelor's Degree in Accounting, Finance or related field is required
      • CPA, CIA, CFIRS, or MBA or progress toward obtaining these certifications are preferred
      • 3+ years of relevant experience
      • Experience working in an Internal Audit department or public accounting firm
      • Banking industry experience and exposure to the Wealth Management function a plus
      • Knowledge of trust and fiduciary business activities preferred
      • Strong analytical, written/verbal communication, interpersonal, and relationship building skills
      • Ability to work and thrive in a dynamic, fast-paced environment
      • Ability to manage competing priorities and quickly adapt to change
      • Demonstrated success in assessing and documenting risks and controls and developing an audit scope and procedures in a changing environment
      • Exemplify a positive attitude, strong work ethic, team work and professionalism Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.

Keywords: CIBC Bank USA, Chicago , Sr Auditor II - Wealth Management Portfolio, Executive , Chicago, Illinois

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