Risk Specialist IV
Risk Specialist IV
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$ 120000 - 150000
1 Vacancy
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
As a part of the Banks Second Line of Defense the Senior Credit Risk Managers primary purpose is to:
Understand and manage the banks credit risk exposure based on its size complexity and risk profile
Serve as a trusted business partner
Ensure independent effective challenge over credit risk-taking activities
Provide appropriate recommendations to manage and limit exposure to credit risks
Remain informed of industry practices and regulatory expectations
Monitor credit risk-taking activities and results against risk appetite
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 2 days per week on-site while other days will be remote.
How Youll Succeed
The Senior Credit Risk Manager role is an individual contributor accountable for:
Engaging with Enterprise Risk Management and the Lines of Business on Foundational Risk Management topics such as risk appetite risk identification known and emerging risks and transverse risk stripe deliverables;
Overseeing Counterparty Credit Risk exposure for CIBC Bancorp USA Inc. and coordinating counterparty risk activities with the SVP Trading Credit and Corporate Credit Risk at CIBC Inc.
Liaising with various Lines of Business representatives to influence direct review and challenge credit risk-oriented change management activities;
Directing internal audit external audit and regulatory oversight activities in conjunction with the Credit Risk Management Policy & Governance team and Regulatory Affairs;
Driving consistency in the Credit Risk Management control environment through control ownership and process documentation review in coordination with the Credit Risk Management Policy & Governance team;
Completing ad-hoc reporting or project work at the request of the U.S. Head Non-Transactional Credit Risk.
Responsibilities may expand to keep pace with the Banks growth trajectory and associated maturation of the Credit Risk Management function.
Who You Are
- Minimum Bachelors degree in a related field such as Accounting Finance or other business discipline
- Minimum of 10 years experience in Wholesale (Commercial) Lending and Risk Management. Line of Business experience is an asset
- Working knowledge of counterparty credit risk management preferred
- Excellent analytical communication and interpersonal skills that drive cross-functional execution
- Exceptional business writing skills with ability to synthesize large amounts of information
- Solid understanding of regulatory expectations and best practices of the financial industry
- Ability to self-start and work with minimal oversight
- Ability to manage multiple projects and/or initiatives simultaneously under tight deadlines
- Ability to demonstrate CIBCs core values (e.g. trust teamwork and accountability)
- Team player with solid relationship-building skills
- Highly organized with keen attention to detail
California residents your privacy rights regarding your actual or prospective employment
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $120000 - $150000 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.
At CIBC your goals are a priority. We start with your strengths ambitions and strive to create opportunities to tap into your potential.
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 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.
Expected End Date
Job Location
IL-120 S LaSalle StEmployment Type
RegularWeekly Hours
40Skills
Analytical Thinking Business Objectives Credit Risk Management Credit Risks Emerging Risks Project Management Relationship Building Risk AppetiteRequired Experience:
Unclear Seniority
Employment Type
Full-Time
