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.

JOB PURPOSE:

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 implementation of the Regulatory Compliance Management (RCM) program. This is an individual contributor role, focused on providing expert guidance, conducting risk assessments, and ensuring effective regulatory compliance controls are in place.

KEY RESPONSIBILITIES:

• Regulatory Compliance Oversight
• Regulatory Landscape Analysis
• Process and Control Optimization
• Relationship Management and Advisory
• Governance and Reporting
• Cross-Functional Collaboration

Continuous Learning and Professional Development:

• 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.
• 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 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.
• 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.
• 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.
• 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.
• 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.
• 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.

CROSS-FUNCTIONAL RELATIONSHIPS:

• Work collaboratively with the 1st Line and Functional Groups to ensure adequate execution of the RCM Program.

COMPLIANCE REQUIREMENTS / RESPONSIBILITIES:

• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines, and controls.

AUTHORITIES / DECISION RIGHTS:

• As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

JOB DIMENSIONS:

• Ambiguity due to rapidly changing regulatory environment.
• Ability to maintain current knowledge of a rapidly evolving regulatory environment.
• Facilitating and providing leadership to both internal and external contacts on regulatory compliance issues

KNOWLEDGE AND 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.

WORKING CONDITIONS:

• Standard office environment; may require occasional work outside normal business hours to meet deadlines.
• Regular full-time position (37.5 hours per week).

WHAT CIBC OFFERS:

• A diverse and inclusive workplace that values your unique talents.
• Opportunities for professional growth and development.
• Competitive compensation, incentive pay, banking and health benefits, and an employee share purchase plan.
• A culture built on trust, teamwork, and accountability.