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 Reporting directly to the Chief Risk Officer (CRO), this position is responsible for owning and overseeing the Policy Governance Framework for each of CIBC Cayman Bank (CayBank) and CIBC Cayman Reinsurance (CayRe) businesses. The individual is accountable for monitoring the adherence to requirements within those Frameworks for all CayBank and CayRe Policies, including Policy Inventory Control and Storage. The Policy Governance and Development individual will be the point person for managing the CIBC Global Policy Review process as it relates to CayBank and CayRe, understanding and integrating changes to local policies as appropriate and at times influencing senior CIBC employees in order to protect the interest of the local business. The incumbent will provide support to local policy owners in the (re)development of local policies, assisting to both manage the process, monitoring and provide direct writing support. They are responsible for the communication of new policies and updates to staff as well as the coordination and support with related training. 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. Please note: The successful candidate for this role will be based out of Cayman Islands, however we encourage applicants from all locations to apply How you'll succeed Policy governance framework management - Own and oversee the Policy Governance Framework for both CIBC Cayman Bank Ltd and Cayman Reinsurance Ltd and ensuring edits to this framework remain current and aligned to CIBC Enterprise. Monitoring all policies and ensuring they adhere to the requirements in therespective Policy Framework for both CIBC Cayman Bank Ltd and Cayman Reinsurance Ltd. Policy process management - Developing and maintaining relationships with key policymaking stakeholders, who are senior management/executive level. Completes Policy Inventory checklists and ensures they are up to date for each business line. Notifies Policy Owners of pending cycle updates with sufficient timing and frequency to ensure effective completion. Keeps company policies and other internal documents up to date, ensuring they are stored in appropriate folders and backed up, inventory control is essential. Ensures publication and distribution of all policy documents to the business, communicates and shares policy information at appropriate access levels. Reporting and change management- Reports status of Policy Governance to management and synthesis for Board-Level Reporting. Manages inventory of CIBC Global Policy renewals assigned to CayBank and CayRe, performs routine mapping for CayBank and CayRe policies to identify and fill gaps in the local policy suite. Ensuring accurate tracking and monitoring to completion. Receives proposed version updates of existing or new CIBC Global Policies from Global Policy owners. Performs triage to identify pending changes and makes a recommendation for action to local policy owner. Ensures feedback is delivered to the Global Policy Owner on a timely basis and that actions agreed locally are implemented. Participates as an active member in the CIBC Global Policy Review Committee – reviews proposed changes to Global Policies and represents CayBank and CayRe in those discussions, often needing to influence and advocate to protect local business interests. Business support- Serves as a functional expert in the art of policy writing, provides guidance to local policy owners in the structuring and writing of new policies and material updates. Provides direct writing support at the request of the local Policy Owner. Assists with the routine review and update of existing policies for CayBank and CayRe including reviewing changes made to the comparable CIBC policy(ies) since last update; synthesis and make recommendations for changes to the local policy owner, liaising with regulatory subject matter expert, to determine if there are local changes that should be reflected in the policy update, Support the local Policy Owner with executing the changes to the policy. Monitoring and oversight- Manages approval process. Completes all formatting to CayBank/CayRe standards prior to publication. Assists with development and maintenance of Monitoring & Oversight mechanisms, enhancing efficiency and effectiveness & monitoring mechanisms within and across policies, Advises on the need for related Procedures, Standards, Guidelines. Offer backup and support for the Operational Risk Program and Regulatory Compliance Management Program. Who you are You have a Bachelor’s degree. You can demonstrate experience. Minimum 5+ years’ experience in Financial Services in a Risk/Governance role. Proficiency in writing Policy documents. Proficiency in managing complex processes with a broad range of stakeholders at various seniority levels and comfortable dealing with Senior VP’s. You can demonstrate knowledge. Strong comprehension on Policy Management, formation, documentation and implementation. Strong analytical and project management skills; capable of operating independently with minimal direction while balancing collaboration with the wider teams, keeping the Senior Management Team informed of any and all key policy updates/changes at the Enterprise Level. Anticipating potential problems and/or sensitive issues with regard to Policy changes. Excellent working knowledge of CIBC’s organization, structure, executive personnel. Excellent communication skills. Strong communication and negotiation skills to achieve a fit for purpose policy suite in the context of broader policy needs. Excellent time management skills with the ability to juggle multiple priorities. Relationship Building. You are analytical in your work. Extensive technical skills in word processing, desktop publishing and various types of office equipment. Detail oriented & results oriented. Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard. Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability. #LI-TA 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 Mailbox.careers-carrieres@cibc.com 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 Job Location CAYMAN ISLANDS Employment Type Regular Weekly Hours 37.5 Skills Analytical Thinking, Governance Framework, Operational Risks, Policy Frameworks At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
