Director, Power Trading Market Risk Manager
Director, Power Trading Market Risk Manager
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$ 150000 - 190000
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:
We are seeking a market risk manager to oversee CIBCs commodities trading activities in the US with a focus on power trading. Experience with other commodities particularly gas and environmental products is a plus.
You will be responsible for ensuring that market risks associated with these activities are completely identified measured and managed. Your role will also support the development of new business initiatives and involve conducting ad-hoc analyses of specific risks and transactions.
In addition you will participate in leading group-wide projects bringing forward innovative ideas and applying advanced analytical techniques. Success in this role requires a strong understanding of financial markets and the analytical foundations of pricing and risk management for complex derivatives. You will collaborate closely with traders treasury operations financial control audit technology middle office and other teams within CMRM. The position demands sound judgment and the ability to make timely decisions with respect to complex risk scenarios within a dynamic time-sensitive trading room environment.
How Youll Succeed:
Ensure appropriate risk frameworks are in place to control market risk and that processes exist to monitor against limits.
Maintain continuous awareness of the risk profile of the Commodities business and market developments that may impact the business.
Provide timely and accurate market risk updates to senior management.
Ensure the integrity of risk metrics and limit monitoring and resolve violations of market risk limits.
Perform due diligence in the onboarding of new products and initiatives including risk assessment and risk capture.
Work with technology and business support groups to design and improve risk models to capture risks originating from Commodities trading.
Develop and enhance portfolio risk and stress testing.
Ensure compliance with all market risk regulatory requirements.
Contribute to Enterprise Risk Management exercises and reporting.
Who You Are:
5 years of market risk management experience on a trading floor.
Strong understanding of the pricing of and risks associated with US power market trading.
Experience with ancillary markets particularly gas and environmental is a plus.
Demonstrated interest in markets and the ability to proactively anticipate impacts to a given risk profile.
Familiarity with the methodologies and risk metrics to quantify and analyze market risks such as VaR Stressed VaR Stress Testing and risk sensitivities.
Strong interpersonal and communication skills including the ability to articulate technical complex ideas to a variety of audiences. Excellent negotiation and mediation skills.
Undergraduate degree in a quantitative discipline preferred.
Highly proficient Excel skills. Knowledge of Python VBA and/or other programming languages is a plus.
Self-motivated and flexible. Strong attention to detail. Able to work independently and as part of a team. Able to effectively manage multiple projects of varying complexity.
All postings must include the following attribute:
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
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At CIBC we offer a competitive total rewards package. This role has an expected salary range of $150000 $190000- for the New York NY 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 also may 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) Holidays and 401(k) in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
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 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 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
NY-300 Madison Ave. 5th FloorEmployment Type
RegularWeekly Hours
40Skills
Analytical Thinking Decision Making Group Problem Solving Market Risk Management Regulatory Requirements Reporting and Analysis Researching Risk Analysis Risk Management FrameworkRequired Experience:
Director
Employment Type
Full-Time
