Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses)
Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses)
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Job Description
Were building a relationship-oriented 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
What youll be doing
The Senior Director Credit Provisioning (IFRS 9 Expected Credit Losses) is responsible for managing critical and high visibility functions within Risk Management including credit provisioning risk reporting to senior management the Board of Directors and our regulators. In addition this role is accountable for providing oversight of the development measurement strategy and management of CIBCs IFRS 9 Expected Credit Loss process including the oversight of credit risk across new and existing credit portfolios.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 1-3 days per week on-site while other days will be remote
How youll succeed
Reporting - Manage the Risk Managements critical and high visibility reporting process to senior management and board-level committees. Develop key risk material and presentations for senior risk executives including synthesizing complex and detailed risk analysis and information into succinct reviews. Manage the quarterly and year-end risk reporting processes including supporting the Risk Investor Relations process including with earnings call preparations for the Chief Risk Officer. Oversee the monitoring measuring and reporting processes of credit risks across the bank including specific loan loss and expected credit losses.
Review/analysis - Monitor external risk drivers including regulatory and economic environments to identify emerging risk themes that could influence risk levels and mitigation strategies.
Strategic development Lead the strategy and execution of the enhancement and continuous improvement of the IFRS 9 ECL process including tools to enable better insights and reporting.
Relationship management - Act as an advisor and provide subject matter expertise on expected credit losses (IFRS 9) to senior management including the Chief Risk Officer. Responsible for liaising and communicating with regulators as it relates to Enterprise Risk Management owned functions and policies. Create a culture of strong collaboration in partnership across Risk Management SBUs and other functional groups to support CIBCs capability to accurately manage and report its risks.
Who you are
You have strong knowledge of the regulatory environment and risk management.
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 are a cooperative and innovative entrepreneurial team player with mature judgment strong interpersonal skills and original approaches to problem resolution.
You are able to deal well with ambiguity and are exceptionally adaptable and flexible.
You think out of the box to make processes more efficient focusing on bringing in automations and simplifications.
You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
You have experience managing multiple activities with varying complexity in a sophisticated matrix environment organization while under time constraints.
You maintain productive and collaborative relationships with internal and external sources colleagues and others to obtain provide verify and discuss information and best practices.
Values matter to you. You bring your real self to work and you live our values - trust teamwork and accountability.
#LI-TA
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* defined benefit pension plan* an employee share purchase plan 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
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 French proficiency 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
Toronto-81 Bay 31st FloorEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Communication Compliance Program Management Enterprise Risk Management (ERM) Executive Communications Finance Financial Management Reporting Group Problem Solving IFRS 9 Investor Relations Support Leadership Long Term Planning Management Reporting Modeling Software People Management Process Improvements Risk Reporting Waterfall ModelRequired Experience:
Exec
Employment Type
Full-Time
