Resolution Planning Specialist (US Region)
: Job Details :


Resolution Planning Specialist (US Region)

CIBC

Location: New York,NY, USA

Date: 2024-11-22T11:35:52Z

Job Description:
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 ( is seeking a skilled Resolution Planning Specialist to help drive the development of resolution planning and financial crisis management capabilities in the US region. This is an exceptional opportunity to join a newly established team within US Treasury with a high-profile mandate. This position will play a critical role in collaborating with functional group representatives across the enterprise (business lines, finance, technology infrastructure, communications) to assess potential risks and devise strategic solutions that that ensure the firm's resilience in times of financial crisis.The ideal candidate should possess advanced communication and presentation skills, a demonstrated financial acumen, and knowledge of large financial institutions (organizational structure, core banking products and services). The candidate will also possess or cultivate deep subject matter knowledge of Regulation YY and resolution-related supervisory requirements, and will leverage these skills to challenge existing firm practices and identify well-reasoned solutions.Minimum of 5+ years of relevant work experience in finance, risk, or treasury management. Experience with resolution planning regimes (165d resolution plan, FDIC resolution plan) or other cross-functional regulatory initiatives (i.e., CCAR) strongly preferred. Experience with contingency funding planning or other financial crisis management processes a plus.**Scope of Resolution Planning** :Large US financial institutions are required to submit Board-approved resolution plans for the rapid and orderly resolution of certain material entities in the event of material financial distress or failure. In 2025, CIBC must submit an inaugural resolution plan for its US insured depository institution (IDI resolution plan), CIBC Bank USA describing the financial and operational details necessary to resolve the bank under FDIC receivership. Additionally, the firm will file an updated resolution plan for its combined US operations to US regulators pursuant to Section 165d of the Dodd-Frank Act (165d resolution plan). These plans are a strategic risk priority for CIBC as failure to produce a comprehensive and credible resolution plans could lead to severe regulatory sanctions.**Key Responsibilities** :+ Advancing Dodd-Frank 165d resolution plan and IDI resolution plan initiatives through effective partnership with functional group representatives.+ Administration of the firm's financial crisis management procedures (including contingency funding planning) and ensuring that protocols are robust and regularly updated.+ Evaluating resolution capabilities gaps and managing a gap inventory, as well as leveraging this inventory to streamline management information reporting.+ Developing and maintaining a structured process for gathering necessary data, conducting analyses, and preparing documentation to facilitate efficient, accurate and timely submissions. Maintain and update a resolution planning project calendar.+ Stay up-to-date with regulatory guidelines to ensure compliance with resolution planning requirements, as well as monitor industry trends to continuously enhance the firm's resolution planning strategies.+ Identifying opportunities to enhance the efficiency of resolution planning activities between CIBC Parent and the US region. Ensuring global alignment between Canadian and US approaches.+ Collaborate effectively with the project management office to align resolution planning projects with broader organizational goals and timelines.+ Participate in periodic supervisory and internal reviews, providing documentation and insights where necessary to demonstrate resolution preparedness.At CIBC, we offer a competitive total rewards package. This role has an expected salary range of **$140,000 - $165,000** for the Chicago 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 may also 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.At CIBC, our people are our greatest asset. You'll become part of a diverse community that acknowledges everyone's unique talents, and empowers teams to do what's right for the client and to do it well. As part of our team, you will **:**+ **Thrive:** Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.+ **Connect:** Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.+ **Develop:** Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.+ **Prosper:** Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.California residents - your privacy rights regarding your actual or prospective employment ( 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 ...@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.+ 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.**Job Location**IL-120 S LaSalle St, 5th Fl**Employment Type**Regular**Weekly Hours**40**Skills**Communication, Corporate Treasury, Finance, Financial Reporting and Analysis, Funding, Liquidity Management, Management Reporting, Operations Processes, Strategic Objectives, Teamwork, Technical KnowledgeAt 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.
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