Director, Regulatory Supervision

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.

To learn more about CIBC, please visit CIBC.com

What You’ll Be Doing

Regulatory Supervision is primarily responsible for the supervision of all U.S. sales and trading desks within Global Markets. The supervisory program is designed to reduce and manage regulatory risk by preventing violations from occurring as well as detecting when violations do occur. Regulatory Supervision is a business role (not Compliance) and is delegated the responsibility to supervise on behalf of Global Markets business heads.  Complementing the specific responsibilities below, the role is charged with providing highly specialized advice and guidance on regulatory requirements applicable to the business lines and performing specific written supervisory procedures to achieve regulatory compliance. Regulatory Supervision must be highly responsive in a business environment where decisions have to be made in stressful, time-sensitive situations where information is often ambiguous and incomplete. The role is also expected to keep abreast of developments in an ever-changing regulatory environment and their impact on the business.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Supervise and conduct surveillance of the U.S. registered broker-dealer securities trading products, as well as OTC derivative/swap trading products, with primary focus on: Cash Equities, Program Trading, DMA, Listed/OTC Equity Derivatives, Delta1, ETF create/redeem.
• Assist with surveillance of various regulatory reporting obligations, including: CAT, Nasdaq TRF, LOPR
• Maintain and enhance the documentation of internal policies and Written Supervisory Procedures (WSPs) to comply with applicable trading regulations (SEC, FINRA, CFTC, NFA and others)
• WSPs must clearly indicate “evidence of review” and documentation that will satisfy the regulators and any Self-Regulatory Organization; including, Key Performance Indicators and escalation
• Provide specialized advice and guidance on transactional issues to trading floor personnel as well as Business Management and infrastructure partners
• Promptly escalate significant issues and material incidents of non-compliance to the relevant Global Markets business head, senior Compliance officer and, if appropriate, head of US Global Markets for resolution including recommendations for corrective action
• Collaborating with Project teams and infrastructure partners on the development and implementation of solutions to address existing and new regulatory requirements
• Primary business contact responsible for assisting Compliance in preparing detailed responses to regulatory inquiries and examination requests
• Monitor new and changing regulatory requirements on a timely basis and assess their potential impact
• Ensure that employees responsible for trading securities are appropriately registered
• Participate in appropriate industry committees and working groups
• Work on special projects as assigned from time to time

Who You Are

• Bachelor’s degree
• Minimum 5+ years’ experience in handling securities and OTC derivative/swap compliance issues gained at an investment dealer, regulator or marketplace
• Knowledge of SEC/FINRA/CFTC/NFA and other US based regulatory rules
• Well-developed knowledge of trading practices and associated regulatory requirements
• Working knowledge of industry standard trading technologies and vendor solutions           
• Excellent relationship-building skills
• Effective written and oral communication and presentation skills
• Ability to work in a challenging environment while exhibiting poise under severe conditions
• Resourceful and creative problem-solving skills
• SIE and Series 7, 57, 63 preferred
• Good knowledge of MS Office (especially Excel), Bloomberg, Python or other languages
• Ability to manage competing priorities
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

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At CIBC, we offer a competitive total rewards package.  This role has an expected salary of US$200,000 for the New York, NY market based on experience, qualifications, and location of the position.  The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

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