Senior Manager, Incentive Compensation Risk Analyst

CIBC - Chicago, IL

Full-time - Mid Level

Chicago, IL

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Senior Manager, Incentive Compensation Risk Analyst at CIBC is responsible for supporting the Head of Portfolio Oversight in the US Operational Risk Management department. This role involves analyzing risk data and trends to provide insights for compensation adjustments, supporting annual risk reviews, collaborating with Human Resources, and preparing detailed reports on risk analysis activities. The position plays a crucial role in ensuring compliance with risk management principles across various banking operations.

Responsibilities

• Analyze risk data and trends to provide insights and recommendations for compensation adjustments.
• Support the annual risk review by gathering and analyzing necessary artifacts.
• Collaborate with Human Resources to gather and analyze relevant data.
• Communicate findings and recommendations to US Operational Risk Management leadership.
• Prepare detailed reports on risk analysis activities.
• Assist in the development and sustainment of procedures.
• Support the execution of risk input into incentive compensation responsibilities.
• Assess the Combined US Operations incentive compensation practices against industry and regulatory guidance.
• Support the annual review of US compensation plans from a risk management perspective.
• Monitor the regulatory, business, and competitive environment to ensure compliance with changes and emerging practices.

Requirements

• Bachelor's or Master's degree.
• 3 - 5 years of industry-related experience with a strong understanding of the US Banking Industry.
• Strong analytical and quantitative skills with the ability to interpret data.
• Detail-oriented and highly organized with the ability to manage multiple tasks and deadlines.
• Strong understanding of risk management principles and their application to incentive compensation.
• Excellent leadership and business planning skills.
• Excellent communication skills (written and verbal).
• Excellent relationship-building skills to establish key relationships within lines of business and other business partners.
• Strong knowledge of regulatory requirements.
• Problem-solving skills sufficient to creatively develop unique approaches and solutions.

Nice-to-haves

• Experience in operational risk management.
• Familiarity with CIBC lines of business and support functions across the Combined US Operations.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Health benefits programs
• Retirement savings
• Ongoing learning opportunities
• Individual development planning
• Comprehensive product training
• Paid time off for personal growth and development (Purpose Day)