Associate, Operational Risk

About the Opportunity CIBC Cayman Bank Limited is seeking an Associate, Operational Risk to play a critical Second Line of Defense role within the Three Lines of Defense model. This position provides independent oversight, constructive challenge and expert guidance to business and functional teams across banking... What You’ll Do Operational Risk Management • Review, challenge and advise first line functions on operational risk and control inputs/outputs across a broad range of specialized areas, including (but not limited to) Trading, Operations, Finance, Technology/Cyber, Corporate Services, AML/ATF, Market Risk, Credit Risk and Policy Governance. • Provide ongoing oversight of operational risk exposure by leading and supporting management’s application of operational risk frameworks and tools and advising leaders on their effective use. • Maintain and administer operational risk governance records and program execution within the eGRC environment; serve as a local gatekeeper for operational risk programs. Operational Risk Governance Tools and Programs You will be accountable for local execution, continuous improvement and fit-for-purpose adaptation of enterprise program. Key Components include: 1. Quarterly Self-Assessment - Own end-to-end QSA planning and delivery. 2. Control Testing -Serve as the subject matter expert, design testing plans, coordinate activities, manage system and records. 3. Risk & Control Self-Assessment - Lead complex, integrated end-to-end assessments. Act as the local expert on the Operational Risk Taxonomy (17 risk event categories). Drive timely completion, help identify risk and control gaps and advise on remediation. 4. Deficiency Management - Encourage and support self-identification of deficiencies. Classify deficiencies, challenge action plans, track remediation to completion and approve closure. 5. Change Initiative Risk Assessment - Lead project risk assessments, support consensus building and challenge stakeholders to identify operational risks aligned to the 17 risk categories. 6. Operational Loss Program Development - Build a local operational loss program that dovetails with parent bank requirements and addresses gaps versus regulatory expectations. 7. Incident Management Program Development - Develop a consolidated local incident management approach aligned with parent bank programs, bridging local and enterprise materiality thresholds. 8. Operational Risk Recovery Plan Development - Develop an integrated Operational Risk-focused Recovery Plan for CayBank under CRO guidance. Policy Governance On behalf of the CRO, draft, maintain, implement and train to key local policies. Accountabilities include: • Monitoring regulatory and parent bank policy developments and translating requirements into local updates. • Managing stakeholders to ensure enterprise alignment while representing local needs. • Designing and executing policy requirements compliance monitoring plans. • Developing and maintaining supporting procedures and delivering training. Regulatory Oversight and Reporting • Serve as a subject matter expert for operational risk regulatory requirements, including identifying developments, implementing controls/processes and monitoring adherence. • Complete required activities under the Regulatory Compliance Management policy. • Support timely and complete regulatory filings. • Support the CRO’s quarterly Board reporting and opinions, including summaries of key operational risk developments, control testing outcomes and risk assessments. • Act as a key point of contact for external examinations (e.g. CIMA and internal audit). Additional Contributions • Develop and deliver training to staff and Directors on operational risk governance topics. • Complete administrative and coordination tasks related to meetings, materials preparation and file maintenance/archiving. Please submit your resume and a brief cover letter outlining your operational risk experience. CIBC is committed to creating an inclusive environment where all individuals have equal access to opportunities. Accommodations are available upon request throughout the recruitment process. Written applications should be submitted by 7th April 2026 & addressed in confidence to: The Manager: Human Resources Email: Meagan.mckenna@wi.cibc.com CIBC Cayman Bank Limited