Sr Controls Testing Specialist - Illinois City Illinois

Company: CIBC
Location: Illinois City, Illinois
Posted On: 04/21/2024

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 (https://www.cibc.com/en/about-cibc.html)
A Key Control Testing Specialist builds relationships with key business partners and is responsible for executing against the annual testing plan which includes planning, scoping, and conducting full scope and targeted testing of key regulatory and operational process controls in accordance with enterprise and regulatory requirements. The tester will conduct process walkthroughs in order to assess the design effectiveness of key controls, identify potential control weaknesses and root causes and impacts of deficiencies, and propose appropriate corrective action for any issues identified. They will also provide feedback for the annual testing plan and recognize opportunities for enhancing the efficiency of the overall testing process.
In this role the tester is expected to:

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  Work closely with business partners to understand the operational and regulatory risks affecting their business.
  
  
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  Conduct design effectiveness reviews to assess the efficacy of processes in mitigating risk and perform testing of key operational and regulatory controls to determine whether the control is being executed and documented as designed.
  
  
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  Prepare high quality work papers for senior and line of business management and other stakeholders.
  
  
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  Draft issue management documentation and partner with business stakeholders to ensure mitigation plans address identified risk.
  
  
  The skill set needed for this role:
  
  
  
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    Strong communication and interpersonal skills, including superior verbal and written communications.
    
    
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    Prior testing or audit experience is a plus.
    
    
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    Familiarity with risk management principles and the internal control framework used to mitigate risk.
    
    
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    Understanding of Banking Operations and Products.
    
    
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    Critical thinking and Analytical skills.
    
    
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    Knowledge of US banking regulations (e.g., Compliance, AML, operational risk, privacy, etc.)
    
    
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    Proficiency in Excel, Power BI, process automation, or visualization tools.
    
    
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    Experience with eGRC or comparable Governance, Risk and Control software is a plus.
    
    
    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.
    
    
    
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      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.
      
      
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      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.
      
      
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      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
      
      
      
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        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
        
        
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        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
        IL-Illinois - Virtual
        Employment Type
        Regular
        Weekly Hours
        40
        Skills
        Decision Making, Process Improvements, Quality Assurance (QA), Regulatory Compliance, Risk Assessments, Strategic Objectives More...

            

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