Portfolio Manager US Capital Markets
Portfolio Manager US Capital Markets
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Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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
What youll be doing
The Capital Markets Portfolio Manager US Operational Risk Management will be responsible for but not limited to the following activities:
Fulfill the role of CIBCs second line of defense in the management of operational risk by challenging the business lines operational and control inputs and outputs. This is a key role in the three lines of defense model and it requires a deep understanding of the assigned business as well as the ability to challenge senior employees of the Bank in a constructive manner.
Provide ongoing oversight and risk assessment of CIBCs operational risk exposure through the facilitation and support of managements use of various risk and control identification and assessment tools (i.e. external event reviews incident reports change initiatives risk and control selfassessments). The operational risk and control framework and policies tools are a key enabler of CIBCs operational risk program and as such the proper application and oversight of the tools are an important part of CIBC being able to manage and monitor its operational risks. The role is expected to provide input into refining and improving the tools as part of a continuous improvement process.
Provide and oversee independent challenge of business line processes risks and controls (e.g. through portfolio reviews and other operational risk programs processes and tools).
Collaborate with the first line of defense in the management identification and reporting of issues incidents and losses.
Oversee Control and Deficiency Management. The role is also expected to encourage LOB identification and remediation of deficiencies and to ensure familiarity and appropriateness of new key controls and deficiencies and deactivation of redundant key controls. Proactively working with business leaders in identifying and challenging action plans in closing gaps/deficiencies and/or risk mitigation plans in minimizing CIBCs risk exposures.
Provide operational risk and control framework and policies related advice to the first line of defense to enhance the management of operational risk and control including advising on risk mitigation strategies.
Monitoring and reporting of emerging risks and external events and assessing the applicability and potential impacts to the portfolio. Collaborate with Enterprise Risk Management in the effective reporting of Risk Appetite Metrics.
Partnering with the internal stakeholders and Executive Team members on matters related to the overall strategic direction of the business.
Staying current of regulatory changes and industry leading practices in operational risk and control frameworks to ensure CIBC operational risk management meets regulatory expectations and is effective and efficient.
Who you are
You have a Bachelors degree preferably in business economics or finance.
You possess 10 years of relevant work experience in the financial industry is desired. Large Financial Institution or Large Foreign Banking Organization second line of defense experience is preferred along with US Capital Markets experience.
You are a Certified Enterprise Risk Professional.
You portray excellent analytical communication and interpersonal skills.
You have solid understanding of regulatory expectations and leading practices of the financial industry specifically for risk management with an emphasis on operational risk management.
You are a reliable accountable and efficient team player.
You are effective at managing multiple initiatives and deliverables with various /completion timelines.
You have the ability to demonstrate CIBCs core values (e.g. trust teamwork and accountability).
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $135K $175K for the market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees 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) Holidaysand 401(k) in addition to other special perks reserved for our team members.
This position does not offer visa sponsorship.
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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 benefits program* a vacation offering wellbeing support and MomentMakers our social pointsbased 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
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 attributebased 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
NY300 Madison Ave. 6th FloorEmployment Type
RegularWeekly Hours
40Skills
Analytical Thinking Business Business Risks Control Frameworks Control Self Assessments Emerging Risks Key Control Operational Risks Operation Risk Management Risk Management Risk Mitigation StrategiesRequired Experience:
Manager
Employment Type
Full-Time
