Senior Manager, Incentive Compensation Risk Analyst

CIBC

Full-time - Mid Level

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Incentive Compensation Risk Analyst, US Operational Risk Management at CIBC is responsible for supporting the Head of Portfolio Oversight in overseeing risk analysis and integration related to incentive compensation. This role involves analyzing risk data, collaborating with Human Resources, preparing detailed reports, and ensuring compliance with applicable policies and regulations. The position plays a crucial role in maintaining a sound risk management framework across CIBC's Combined US 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.
• Work closely 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 US regulatory guidance.
• Support the annual review of US compensation plans from a risk management perspective.
• Support the development, review, and maintenance of applicable policies, standards, and procedures.
• Monitor the regulatory, business, and competitive environment to ensure compliance with changes and emerging practices.
• Support the development of materials for governance forums and respond to action items.

Requirements

• Bachelor's or Master's degree
• 3 - 5 years industry-related experience; 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
• Understanding of CIBC lines of business and support functions across the Combined US Operations
• Excellent leadership and business planning skills
• Excellent communications 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 necessary to resolve high level, complex issues.

Nice-to-haves

• Experience in operational risk management
• Familiarity with incentive compensation structures
• Knowledge of regulatory compliance in the banking sector

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 development (Purpose Day)