Position Title: Regulatory Compliance Consultant
Potential for this contract to be extended or converted to FTE? Yes - possibility
Hybrid - 1-2 days a week in office - Tuesday and Friday.
Work Schedule (hours per week, start time): 37.5 Hours/week, 9-5 Monday to Friday
Potential for OT? No
Line of Business: People Culture and Talent (PC&T) - RRP (Rewards Recognition and Performance)
What does the LOB do?: People, Culture and Talent fosters a high-performance, best-in-class culture and further elevates the strength of our talent. The team enables CIBC to attract, develop and retain top talent for sustained growth and a competitive advantage.
Reason the role is open? Net New
What project will this contractor be working on? Regulatory awareness and monitoring. The role is a compensation governance / regulatory compliance specialist focused heavily on research, analysis, and implementation of regulatory requirements, particularly in the U.S. (SEC and related regulations).
Interview Process: 2 interviews - in person
Team Size? 6 in RRP Departments
Selling points of the positions: Team environment - collaborative.
Who Will the Candidate Be Working with on a Daily Basis? Manager and Director
How many years of experience? 5+
Job Description:
- Identify regulatory requirements impacting any compensation plans including those of senior executives/material risk takers.
- Focus on legislation from prudential regulators, across all jurisdictions where CIBC has employees (e.g., key areas are Governance, Risk Management, Financial Accountability).
- Identify and maintain a list of enterprise oversight functions (OFs) that monitor relevant regulators and/or regulations that contain obligations for governance/risk management over incentive/variable compensation globally*
- Establish relationships with OFs, ensuring they are bringing forward any regulatory developments for assessment.
- Assess any regulatory developments (including but not limited to SEC claw back provisions) to determine whether compensation plans are compliant and provide updates to HR OF Lead and Total Rewards Leadership
- Informally monitor for developments but does not act as an OF and is not subject to RCM program requirements (subject area is outside employment law).
- Prepare responses to PC&T (People Culture and Talent) Regulatory Affairs team in HRSS with regard to all regulatory compliance management requirements for the Security Exchange Commission claw back regulatory group topic (RGT)
Must Have Requirement:
- Compensation experience within regulatory or compliance environments - 5+years
- HR/Compensation Governance experience - 5+ years
- Banking industry experience - 1+ years
Nice to Have:
- Legal background
- US Regulatory background
Soft Skills:
- Analytical
- Great Communication
Job Types: Full-time, Fixed term contract, Freelance
Contract length: 12 months
Pay: $50.00 per hour
Flexible language requirement:
Experience:
- Regulatory Compliance: 5 years (required)
- HR/Compensation Governance: 5 years (required)
Work Location: Hybrid remote in Toronto, ON
