Audit Director - Finance and Treasury
Company: Canadian Imperial Bank of Commerce
Location: Chicago
Posted on: September 21, 2023
Job Description:
Audit Director - Finance and Treasury page is loaded Audit
Director - Finance and Treasury Apply locations Chicago, IL New
York, NY time type Full time posted on Posted Yesterday job
requisition id 2314900 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 Job
Description The Internal Audit Director - Finance and Treasury will
focus on leading the Internal Audit team responsible for the
Finance and Treasury functions of the bank, conducting audits in
areas including Financial Reporting, Accounting Policy, FP&A,
Corporate Treasury, Liquidity and Capital Management, Interest Rate
Risk Management, Regulatory Reporting, and Internal Controls over
Financial Reporting. The Internal Audit Director will also work
collaboratively with peers to coordinate audit coverage of
additional areas, including Credit Risk, Regulatory Compliance, and
Data Risk. -The Internal Audit Director is a leadership position
within the US Internal Audit Department responsible for the
development and execution of a risk based audit plan that addresses
the significant risks relevant to the portfolio. The Internal Audit
Director develops strong relationships with our Finance and
Treasury business partners to obtain an understanding of the risks
facing the organization and stay close to new developments
impacting the business. Additionally, the Internal Audit Director
role will be responsible for leading, directing, evaluating, and
developing audit professionals to ensure audit activities are
conducted to high standards of accuracy, rigor, and credibility and
according to regulations and industry standards. The Internal Audit
Director will mentor and develop the Internal Audit team to ensure
team members continue to progress their careers and will assist the
US Head of Internal Audit in the management of the US Internal
Audit Department. -
- Develop a comprehensive audit plan for the portfolio that
addresses key regulatory requirements / expectations and provides a
sound third line of defense risk based coverage
- Provide oversight in the execution of the audit plan through
the review of detailed project plans that effectively incorporate
appropriate risks, scope, staffing requirements, deliverables,
timelines, budgets and client availability
- Demonstrate a forward-looking mindset to anticipate what is
needed to timely meet objectives and department needs
- Oversee and manage multiple engagements at one time
- Participate in certain committees of the US Region to increase
understanding and awareness of current issues and new
developments
- Guide department personnel in their careers and provide
learning opportunities through coaching and mentoring
activities
- Collaborate with team members in Enterprise Internal Audit to
ensure a consistent approach to auditing risk and ensure there is a
robust exchange of information and ideas
- Provide guidance to the team in all phases of an audit as
needed
- Expand the operational audit team's knowledge of key banking
requirements / regulatory expectations in the areas of risk
management, Finance, and Treasury
- Prepare or review meaningful, relevant, and well-supported
audit reports
- Effectively communicate findings to various levels of
management
- Translate broad business strategies and key initiatives within
assigned areas into effective, risk sensitive audit plans
- Assist the Head of Internal Audit US Region in executing and
evolving department strategy and governance
- Set the proper tone and culture for the department
- Contribute to the positive, inclusive, and team-oriented
culture by maintaining cooperative relationships (assisting other
project teams when necessary), facilitating the resolution of
conflicts, sharing information, and accepting and providing
feedback
- Work closely with management to promptly resolve any concerns
that may arise and build trust. Serve as a business advisor and
partner by providing the business unit and senior management with
advice related to business issues and controls
- Demonstrate commitment to professional growth by assuming
progressively more challenging assignments (in-line with standard
audit career progression), proactively seeking relevant education
and training opportunities, and expanding professional network
- Ensure compliance with IIA StandardsQUALIFICATIONS:
- Bachelor's Degree in Accounting, Finance or related field
- Professional certification such as Certified Public Accountant
(CPA) or Certified Internal Auditor (CIA)
- Experience working in an Internal Audit department at a large
US bank, large foreign banking organization, or at a banking
regulatory agency with experience overseeing large US banks
- Strong knowledge of US banking regulations, including
Regulation YY
- 15+ years of relevant experience
- Ability to work independently in areas of difficult or complex
nature
- Project management skills, including the ability to manage
shifting priorities
- Strong analytical, written/verbal communication, interpersonal,
and relationship building skills
- High level of expertise in collaboration and communication with
internal and external parties
- Exemplify a positive attitude, strong work ethic, team work and
professionalism
- Ability to travel (5-20%, depending on location). What CIBC
offers At CIBC, our people are our greatest asset. You'll become
part of a diverse community that acknowledges everyone's unique
talents and empowers teams to do what's right for the client and to
do it well. As part of our team, you will:
- Thrive: Benefit from an open and approachable culture that
provides the flexibility and support you need to integrate your
life at work and home.
- Connect: Work in a place where the right technology and
infrastructure foster innovation, collaboration, and
creativity.
- Develop: Grow your skills and career through our best-in-class
onboarding experience, ongoing learning opportunities, individual
development planning, and comprehensive product training.
- Prosper: Share in our collective success with a competitive
salary, incentive pay, banking benefits, health benefits programs,
retirement savings, and more.
California residents - your privacy rights regarding your actual or
prospective employment -At CIBC, we offer a competitive total
rewards package. This role has an expected salary range of $180,000
- $250,000 for the New York, New York market based on experience,
qualifications, and location of the position. The successful
candidate may be eligible to participate in the relevant business
unit's incentive compensation plan, which also may include a
discretionary bonus component.CIBC offers a full range of benefits
and programs to meet our employee's needs; including Medical,
Dental, Vision, Health Savings Account, Life Insurance, Disability,
and Other Insurance Plans, Paid Time Off (including Sick Leave,
Parental Leave, and Vacation), Holidays, and 401(k), in addition to
other special perks reserved for our team members. -Candidates
hired to work in other locations will be subject to the pay range
associated with that location. Additional total compensation and
benefits details will be provided during the hiring process. 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 .Job LocationIL-70 W Madison St, 10th Fl Employment
Type RegularWeekly Hours40SkillsAudit Management, Internal
Controls, Operating Effectiveness, People Management, Risk Based
Auditing, Risk Management and Mitigation, Strategic Objectives,
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on Posted 30+ Days Ago At CIBC, we are in business to help our
clients, employees and shareholders achieve what is important to
them. Our ability to create value for all CIBC stakeholders is
driven by a business culture based on common values: Trust,
Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed
to our clients, employees and communities - a place where you can
excel.
Every day, our 44,000 employees help our clients achieve their
financial goals, because what matters to our clients, matters to
us.
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Keywords: Canadian Imperial Bank of Commerce, Chicago , Audit Director - Finance and Treasury, Executive , Chicago, Illinois
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