Director, Compliance [T500-22945]

About CIBC India:

CIBC India is a technology and operations hub in Hyderabad, where youll be part of our highly engaged and global team, and play a central role in supporting our growth. Whether youre driving innovation in digital banking or streamlining client onboarding, youll be part of a culture recognized for excellence and investment in people. At CIBC India, people and progress are at the center of what we do: youll develop skills, collaborate with industry leaders, and see your ideas realized in a culture that values progress and belonging. We provide cutting-edge resources, ongoing learning, and a supportive environment where people come first. If youre ready to create meaningful change and build your future, CIBC India is where your ambition meets opportunity.

What Youll Be Doing (position summary):

As a Level 9 Corporate Function Compliance Officer based in India, you will serve as a subject matter expert and independent advisor on regulatory compliance matters for CIBCs businesses in India. You will execute oversight activities, monitor regulatory changes, assess compliance risks, and support the development and implementation of the Regulatory Compliance Management (RCM) program within India. This is an individual contributor role, focused on providing expert guidance, conducting risk assessments, and ensuring effective regulatory compliance controls are in place. This role will act as the point of contact with India regulators and provide support to the Head of CIBC India and the business with regulator interactions and ensuring effective communication to the regulators to as required.

At CIBC India we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (including on-site and remote work) will be discussed at the time of your interview.

How Youll Succeed (responsibilities):

Regulatory Compliance Oversight:

• Execute Oversight Activities:
• Conduct independent oversight of assigned corporate functions in India to ensure compliance with applicable Indian and global regulatory requirements, as well as CIBCs internal policies.
• Interpret Regulatory Requirements:
• Analyze complex Indian and international legal and regulatory documentation (e.g., RBI, SEBI, FEMA, Companies Act), distill key requirements, and translate them into actionable, plain-language guidance for business partners.
• Monitor Regulatory Changes:
• Continuously monitor the Indian regulatory landscape for new, amended, or emerging regulations relevant to CIBCs operations in India.
• Policy and Procedure Review:
• Collaborate with business units to ensure that policies, procedures, and controls are updated and aligned with evolving Indian and global regulatory requirements.
• Risk Assessment:
• Perform risk assessments of regulatory requirements using established methodologies; identify, evaluate, and document compliance risks and controls specific to the Indian context.
• Deficiency Management:
• Monitor, track, and support the remediation of regulatory compliance deficiencies and control testing results, ensuring timely and effective resolution in accordance with Indian regulatory expectations. This includes escalating significant regulatory compliance issues or material incidents of non-compliance to senior management with India and Global Chief Compliance Officer, as required.

Regulatory Landscape Analysis:

Horizon Scanning:

• Proactively identify and assess the impact of regulatory changes, industry standards, and best practices on CIBCs operations in India.

Impact Analysis:

• Evaluate how regulatory changes (local and global) affect business processes, products, and services in India, and recommend necessary adjustments to compliance strategies.

Process and Control Optimization:

Process Improvement:

• Identify opportunities to enhance and streamline regulatory compliance processes for greater efficiency and effectiveness, considering both Indian and global best practices.

Control Mapping:

• Work with Enterprise-wide Compliance and other stakeholders to develop, map, and document controls that mitigate regulatory compliance risks in India.

Documentation:

• Prepare and maintain accurate business process documentation in alignment with the risk control framework and Indian regulatory expectations.

Relationship Management and Advisory:

Compliance Advisory:

• Serve as a subject matter expert and trusted advisor to business units in India, providing guidance on regulatory compliance matters and risk mitigation strategies; including participating in business committees and working groups, as required, and provide effective challenge with respect to regulatory compliance risk.

Stakeholder Collaboration:

• Build and maintain strong working relationships with Oversight Functions, Line of Business leaders, and second line of defense groups in India and globally to ensure effective oversight and risk management.

Training and Awareness:

• Support the development and delivery of compliance training and awareness initiatives for relevant stakeholders in India.

Regulator Engagement:

• Liaise with regulatory bodies in India to ensure common understanding of regulatory requirements, what procedures need to be in place to adhere to them, as well as the resolution of non- compliance issues and assist the Head of CIBC India in responding to regulator, internal/external assurance/audit reviews.

Governance and Reporting:

Audit and Examination Support:

• Coordinate and support the submission of risk-related materials for internal and external audits, regulatory examinations (e.g., RBI, SEBI), and other assurance activities in India.

Reporting:

• Prepare and present reports on compliance risk assessments, control effectiveness, deficiencies, and remediation status to Indian and global management and governance committees.

Attestation and Certification:

• Ensure that internal controls, risk deficiencies, and attestations (e.g., SOX, operational, legislative) are documented, accurate, and submitted on time, meeting both Indian and global requirements.

Cross-Functional Collaboration

Program Execution:

• Collaborate with cross-functional teams in India and globally to execute the Regulatory Compliance Management (RCM) program, including risk assessments, control testing, and remediation activities.

Project Participation:

• Participate in or lead special projects and strategic initiatives related to regulatory compliance, risk management, and process improvement in India.

Continuous Learning and Professional Development

Stay Current:

• Maintain up-to-date knowledge of Indian and global regulatory requirements, industry trends, and best practices in compliance and risk management.

Professional Growth:

• Pursue relevant training, certifications (such as ICAI, ICSI, or compliance-specific credentials), and development opportunities to enhance expertise and value to the organization.

Experience: 7+ years of experience

Who You Are (skills/qualifications):

Must Have Skills:

• University degree in Business, Accounting, Finance, Law, or related field; advanced degree or professional designation (e.g., CPA, CAMS, CRCM) is an asset.
• 7+ years of relevant experience in compliance, risk management, legal, audit, or other governance roles within the financial services industry.
• Extensive knowledge of regulatory compliance management, risk assessment, and control methodologies.
• Strong understanding of the regulatory environment for financial institutions and the CIBC Control Framework.
• Ability to interpret and apply complex regulatory requirements.
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong communication skills (oral, written, and presentational) with the ability to influence and build relationships across functions.
• Proven ability to manage multiple priorities and deliver high-quality work under tight deadlines.
• Demonstrated independence, sound judgment, and attention to detail.

What CIBC India Offers:

At CIBC India, your goals are a priority. We start with your strengths and ambitions and strive to create opportunities to tap into your potential. We aspire to give you a career that goes well beyond your compensation.

• We work to recognize you in meaningful, personalized ways including competitive fixed pay, performance-based incentive programs, a family-first benefits program, employer contributions for your retirement, attractive time off and leave offerings, wellbeing support, and Moment Makers, 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 worldwide
• 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

Privacy:

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