AVP, Global Sanctions

We’re building a relationship-oriented bank for the modern world. The AVP, Head of Global Sanctions directs and advises Senior Leadership and the lines of businesses (LOBs) across the enterprise of the risk, consequence and monetary penalty of transacting with a sanctioned state, entity or individuals. In addition, the AVP, Head of Global Sanctions is accountable for advising on the design and effectiveness of the systems utilized in screening for sanctions risk and for overseeing investigations related to potential sanctions violations. The AVP, Head of Global Sanctions also supports the VP, US Chief AML Officer & Global Sanctions and the SVP, CAMLO in the implementation of global initiatives with respect to sanctions legislation as required.
You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote. Sanctions Advisory- Comprehensive understanding of the sanctions regimes in Canada, the US (Office of Foreign Asset Control), UK, Europe, and Asia-Pacific, with emphasis on understanding the evolving geopolitical environment and various categories of sanctions in order to anticipate regulatory sanctions change. Delivers independent assessment of sanctions risk and the controls and procedures required to manage the various complexities and risk of each.
Investigations and Reporting- Advises and provides oversight for the Sanctions Centre of Excellence relative to the design, maintenance and ongoing performance of CIBC’s sanctions screening systems, processes and controls, including effectiveness of parameters, algorithms, and other logic to screen transactions and names for sanctions purposes.
People Management- Provides leadership and effective management of business unit staff to influence employee commitment to the organization, to the team, and to their job by setting appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals. Building team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training.
Provide proactive advice- Develop, manage and continuously improve risk data practices to support high risk data quality and risk data integrity across the risk enterprise
Build Relationships- Provide accountability and independent challenge of risk data management processes to the business
Subject Matter Expert- Keeping abreast of policy and legislative developments that could affect CIBC’s business objectives; Strong Collaboration- In Partnership with Risk Business Intelligence Office and Technology, define clear accountabilities for the creation and maintenance of logical data model that enables and supports the risk enterprise
Consistency of Delivery- Ensuring consistency of timelines and accuracy for the receipt and distribution of data to and from enterprise risk, including business to business agreements and work with technology partners to enable operational data management
Create a culture of strong collaboration in partnership with the Risk Business Intelligence team to ensure the needs and quality of data are of the highest quality to support CIBCs capability to accurately manage and report its risks Ensuring consistency of timeliness, accuracy and completeness of all reports that are submitted to the regulators. 
Undergraduate degree in business, law or accounting or a related field, or equivalent experience.
Comprehensive knowledge of Sanctions laws and regulations, including the Special Economic Measures Act (Canada) and Office of Foreign Asset Control (US), and a working knowledge of AML/ATF laws and regulations of jurisdictions in which CIBC entities operate.
A minimum of 10 years’ experience interpreting and implementing regulatory regimes, preferably related to sanctions.
You find meaning in relationships, and surround yourself with a diverse network of partners. Ability to independently interpret complex regulatory issues, and to provide sound guidance to senior executive leadership and businesses in a straightforward manner.
You can demonstrate well-developed writing skills sufficient to creatively and precisely articulate ideas and opinions that involve analysis, interpretation, and assessment. We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
If you need accommodation, please contact Mailbox.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 .
Toronto-81 Bay, 29th Floor We’re building a relationship-oriented bank for the modern world. The AVP, Head of Global Sanctions directs and advises Senior Leadership and the lines of businesses (LOBs) across the enterprise of the risk, consequence and monetary penalty of transacting with a sanctioned state, entity or individuals. In addition, the AVP, Head of Global Sanctions is accountable for advising on the design and effectiveness of the systems utilized in screening for sanctions risk and for overseeing investigations related to potential sanctions violations. The AVP, Head of Global Sanctions also supports the VP, US Chief AML Officer & Global Sanctions and the SVP, CAMLO in the implementation of global initiatives with respect to sanctions legislation as required.
You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote. Sanctions Advisory- Comprehensive understanding of the sanctions regimes in Canada, the US (Office of Foreign Asset Control), UK, Europe, and Asia-Pacific, with emphasis on understanding the evolving geopolitical environment and various categories of sanctions in order to anticipate regulatory sanctions change. Delivers independent assessment of sanctions risk and the controls and procedures required to manage the various complexities and risk of each.
Investigations and Reporting- Advises and provides oversight for the Sanctions Centre of Excellence relative to the design, maintenance and ongoing performance of CIBC’s sanctions screening systems, processes and controls, including effectiveness of parameters, algorithms, and other logic to screen transactions and names for sanctions purposes.
People Management- Provides leadership and effective management of business unit staff to influence employee commitment to the organization, to the team, and to their job by setting appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals. Building team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training.
Provide proactive advice- Develop, manage and continuously improve risk data practices to support high risk data quality and risk data integrity across the risk enterprise
Build Relationships- Provide accountability and independent challenge of risk data management processes to the business
Subject Matter Expert- Keeping abreast of policy and legislative developments that could affect CIBC’s business objectives; Strong Collaboration- In Partnership with Risk Business Intelligence Office and Technology, define clear accountabilities for the creation and maintenance of logical data model that enables and supports the risk enterprise
Consistency of Delivery- Ensuring consistency of timelines and accuracy for the receipt and distribution of data to and from enterprise risk, including business to business agreements and work with technology partners to enable operational data management
Create a culture of strong collaboration in partnership with the Risk Business Intelligence team to ensure the needs and quality of data are of the highest quality to support CIBCs capability to accurately manage and report its risks Ensuring consistency of timeliness, accuracy and completeness of all reports that are submitted to the regulators. 
Undergraduate degree in business, law or accounting or a related field, or equivalent experience.
Comprehensive knowledge of Sanctions laws and regulations, including the Special Economic Measures Act (Canada) and Office of Foreign Asset Control (US), and a working knowledge of AML/ATF laws and regulations of jurisdictions in which CIBC entities operate.
A minimum of 10 years’ experience interpreting and implementing regulatory regimes, preferably related to sanctions.
You find meaning in relationships, and surround yourself with a diverse network of partners. Ability to independently interpret complex regulatory issues, and to provide sound guidance to senior executive leadership and businesses in a straightforward manner.
You can demonstrate well-developed writing skills sufficient to creatively and precisely articulate ideas and opinions that involve analysis, interpretation, and assessment. We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
If you need accommodation, please contact Mailbox.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 .
Business Models, Business Objectives, Leadership, Operational Leadership, People Management, Planning Operations, Strategic Objectives, Strategy Development At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
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