Address
Form of work
SalaryWe’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
Job Description
What You’ll Be Doing
The Senior Director, Non-Trading Market Risk Management has the mandate to lead the groups responsible for the ‘second line of defense’ governing the following areas of oversight:
- Structural Interest Rate Risk (SIRR) and Asset Liability Management (ALM)
- Non-Trading (Banking Book) Market Risk
- Structural FX Risk
- Subsidiary Oversight
The group actively partners with Treasury, other Capital Markets Risk Management colleagues, Capital Markets, core strategic business units (SBUs), and other infrastructure groups to provide effective challenge and produce key reports and metrics (e.g. NII and EVE sensitivities) for senior leadership and regulators to measure and validate CIBC’s structural interest rate risk posture.
As the Senior Director, Non-Trading Market Risk Management, you will participate and co-ordinate the Risk Management governance of customer behaviour assumptions used within ALM modelling, including, but not limited to, liquidation rates and partial prepayments of mortgages and customer loans, take-up ratios of mortgage commitments and rational exercise rates for customer cashable instruments. You will also be responsible for the oversight and analysis on deposit modelling for both interest rate sensitivity and stability.
At CIBC we enable the work environment most optimal for you to thrive in your role. 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.
How You’ll Succeed
- Strong Leadership – You will take a leadership and collaborative role in ensuring the integrity of risk data and the continued development of comprehensive processes to capture and download of Market Risk data for firm-wide consolidation.
- Relationship Building - To work with individual traders, Treasury team members and infrastructure units to ensure their understanding and commitment to evolving Risk Management methodologies. To conduct formal and informal training as required.
- Collaboration and Partnership - Actively co-ordinate the implementation of systems and processes for the measurement and monitoring of Market Risks in Treasury and subsidiaries in Toronto, and globally, as part of a team.
- Project Management – You will lead complex group-wide projects, contributing innovative thinking and an advanced analytical approach. You will also represent both Risk Management and CIBC at Canadian Bankers Association (CBA) meetings when topics relating to areas of oversight are tabled. This includes general discussions with peer institutions as well as CBA led reviews of regulatory updates and meetings with OSFI.
Who You Are
- You can demonstrate experience. In highly specialized quantitative expertise, business knowledge and experience to influence and support the development, implementation and maintenance of Market Risk models. You have experience in the following areas - Structural Interest Rate Risk (SIRR), asset liability management (ALM), and balance sheet management.
- It is an asset. Advanced knowledge of the Canadian and international interest rate (IR) derivatives markets, including practical knowledge of derivative instruments and the issues surrounding their pricing and Risk Management. A CFA/FRM/PRM designation is an asset.
- You have a degree. You have a University degree in finance, mathematics, physics, engineering and/or related discipline.
- You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
- You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.
- You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
- Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
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.
- We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a health benefits program, defined benefit pension plan, an employee share purchase plan 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.
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 contactMailbox.careers-carrieres@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.
Job Location
Toronto-81 Bay, 29th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Asset and Liability Management (ALM), Balance Sheet Management, Capital Markets, Derivatives, Interest Rate Models, Interest Rates, Market Risk, Quantitative Analytics, Quantitative Data, Risk Models, Treasury Risk
