Senior Manager, Market Risk
Senior Manager, Market Risk
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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 group actively partners with Treasury other CMRM Risk colleagues and core strategic business units (SBUs) to produce key reports and metrics for senior leadership and regulators to measure and validate CIBCs structural interest rate and liquidity risk posture. This function will provide second line of defense risk coverage for ensuring alignment between the strategic use of the banks balance sheet. This will involve an in depth understanding of the interaction between asset-liability management (ALM) and liquidity management to determine efficient deployment of balance sheet resources.
The Senior Manager Market Risk will participate in the risk management governance of customer behavior assumptions used within ALM and liquidity modelling. The position will also participate in the oversight and analysis on deposit modelling for both interest rate sensitivity and the discharge of duties the Senior Manager is expected to be an active participant in in the following committees when areas of oversight are discussed or impacted: Sub-committees of US ALMC US Asset Liability Management Committee (US ALMC) ALM Assumption Working Group and Structural Interest Rate Risk Analysis and Assumption Review Council.
The Senior Manager is expected to participate in complex group-wide projects contributing innovative thinking and an advanced analytical approach. The incumbent requires a deep understanding both of the financial markets in general the analytical principles underlying asset liability management and the banks balance sheet.
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
Monitoring - Coordinate the implementation of systems and processes for the measurement and monitoring of market risks in the Treasury subsidiary and globally as part of a team.
Reporting - Assess and report on the ongoing risk profile of specific parts of the Treasury subsidiary and other non-trading businesses maintaining a continuous awareness of issues affecting the markets involved. Raise concerns to senior management on risk levels not commensurate with the portfolios risk appetite.
Collaboration - Work with individual traders and infrastructure units to ensure their understanding and commitment to evolving risk management methodologies. To conduct formal and informal training as required.
Communication - Provide conceptual thinking ability regarding complex risks with effective communication to a wide range audiences.
Who you are
You have practical trading and/or risk management experience for IR derivatives fixed income derivatives and ALM concepts.
Its an asset if you have advanced knowledge of the United States and international interest rate (IR) derivatives markets including practical knowledge of derivative instruments and the issues surrounding their pricing and risk management.
You have quantitative expertise business knowledge and experience to influence and support the development implementation and maintenance of market risk models.
You have advanced proficiency with Microsoft Excel.
You have familiarity with methodologies for quantifying and analyzing market risks good knowledge of relevant systems/programming issues related to market risk system deployment.
You have a solid understanding of derivative instruments and the issues surrounding their pricing accounting treatment and risk management.
You have a degree in finance mathematics physics engineering or related discipline. Its an asset if you have the CFA/FRM/PRM designation(s).
You are flexible in your approach. You have the ability to work independently within a matrix reporting environment but also capable of functioning as part of a team; open to new approaches/ideas. You also have the ability to manage multiple projects of varying complexity.
You have excellent presentation and communication skills both oral and written with the ability to communicate very technical analytical or conceptual information and ideas to traders management and analytic developers.
Your influence makes a difference. You know that relationships and networks are essential to success. You have excellent interpersonal negotiation and mediation skills.
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 29th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Asset and Liability Management (ALM) Balance Sheet Management Decision Making Finance Financial Markets Group Problem Solving Interest Rate Risk Interest Rate Risk Analysis Interest Rate Risk Management Interest Rates Liability Management Liquidity Risk Market Risk Market Risk Analysis Market Risk Management Microsoft Excel Regulatory Requirements Reporting and Analysis Researching Risk Analysis Risk Management FrameworkRequired Experience:
Senior Manager
Employment Type
Full-Time
