Senior Director, Audit - Finance & Treasury
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.
The Senior Director, Audit – 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 Standards.
QUALIFICATIONS:
- 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, teamwork 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.
Job Location: NY-300 Madison Ave., 6th Floor
Employment Type: Regular
Weekly Hours: 40
Skills: Audit Management, Internal Controls, Operating Effectiveness, People Management, Risk Based Auditing, Risk Management and Mitigation, Strategic Objectives, Technical Leadership.
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