Job Number: J0326-0110

Category: Risk Management

Employment Type: Full Time

City: Toronto

Posting Date: March 11, 2026

Closing Date: March 25, 2026

Company Information CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.

We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.

We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

Position Overview Reporting to the VP, Operational Risk, the Operational Risk Director is responsible for ensuring effective operational risk programs are in place and successful within the lines of business. The Operational Risk Director leads the development, implementation and oversight of the company’s Operational Risk Management Program company-wide. This role is responsible for providing operational risk leadership including providing guidance to Senior Management for multiple lines of business on Program practices and methodologies, thus delivering assurance to Clients, Employees, the Leadership team, Directors, Shareholders and Regulators that business risks are being measured and mitigated.

Responsibilities In conjunction with VP Operational Risk, continuously enhance and manage the Risk Management Program to independently challenge and provide oversight activities, using the tools (RCSA, KRI, ORE, BAR) documented in the Operational Risk Management framework, that objectively identify, measure, monitor and report operational risk on an enterprise basis per OSFI E21 Guideline;

• Design, lead the implementation and sustainment of operational risk management programs and practices.
• Provide oversight and challenge of the 1LOD’s identification, assessment, and management of Operational Risk.
• Support the development, and challenge, of management action plans to address identified deficiencies.
• Perform an independent risk assessment by analyzing errors and significant events challenging the business’ identification of root causes and action plans to prevent future re-occurrence.
• Assess the effectiveness of the operational risk management program, including internal controls, by participating in the operational control testing program, to ensure mitigation of risk across all lines of business.
• Provide risk reporting on a detailed or aggregate level to the VP, Operational Risk and other senior leaders, or members of the Leadership team on the operational risk profile, including compliance with risk limits, reporting on key risk indicators and operational risk events, and emerging trends.
• Review and challenge the Business Process Change Assessments in terms of compliance with corporate policies and procedures, obtaining satisfaction that operational risks have been appropriately assessed and addressed.
• Educate and train business units on risk management frameworks and associated risk policies and standards.

Business Continuity

• Participate in the execution and maintenance of the enterprise-wide Business Continuity Program, including ISO reviews and assisting with the documentation of the lines of business procedures associated with business resiliency.

Additional Accountabilities

• Keep abreast of industry practices, applicable laws, guidelines and regulations.
• Promote a culture of risk awareness, compliance and control as an integral part of effectively managing operational, legal, regulatory and reputational risk.
• Work with Internal Audit and Operational Control to ensure lines of business compliance with enterprise-wide risk appetite.
• Provide second line oversight and challenge on corporate projects and governance committees.
• Collaborate with team and stakeholders to continually enhance the Operational Risk Program; delivering solutions that work for internal clients, supporting a goal-completion valued culture and aligning goals and priorities to strategic direction of CIBC Mellon.

Qualifications

• University degree, or equivalent
• 5 to 7 years progressive risk management experience in the financial services and securities industry
• Completion of Canadian Securities Course and/or CFA Level 1
• Knowledge of the products and services of the global securities services and trust industries
• Project Management experience, leading projects across diverse business units
• Must have excellent oral and written communication skills.
• Must be able to adapt to a changing environment.
• Demonstrate ability to work independently, apply judiciousness and manage deliverables on time.

CIBC Mellon's Values Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards

Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward

Be One Family: Challenge, empower and recognize your colleagues

Take Ownership: Speak up, speak out, and make things better

Job Specific Competencies

• The base salary range for this position is between $120,000 - $168,000 dependent on relevant experience.
• Please note, our recruitment process may include the use of AI-assisted tools.
• This role is for an existing opening.

CIBC Mellon is committed to taking all reasonable steps to accommodate the needs of all individuals. Should you require any accommodations during the recruitment and selection process, please speak with your Recruitment Consultant.