Senior Director, Trading Market Risk Management

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s 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.com

What you’ll be doing

The Senior Director has the mandate to lead the groups responsible for the ‘second line of defense’ governing the following areas of oversight within Global Fixed Income Trading Risk, including:

• Interest Rate Derivatives

• Bond Trading

• Structured Rates Trading

The Senior Director also has the mandate to mentor the Capital Markets Risk Management (CMRM) Reporting and Analytics team, which covers portfolio based reporting and analytical insights for the broader Capital Markets trading businesses.

The Senior Director and their groups actively partner with Capital Markets trading desks, other CMRM Risk colleagues, core strategic business units (SBUs) and other infrastructure groups to produce key reports and metrics for senior leadership and regulators to measure and validate CIBC’s trading book risks – including regulatory measures such as VaR/ES, stress testing and market risk capital, as well as non-regulatory measures such as stressed VaR, global portfolio analysis, and profit and loss (P&L) attribution.

In this role you will, among other duties, participate and co-ordinate the risk management governance of daily market risk limits, new trade analysis, assessment of back testing results, have signoff for new products, and ensure adherence to monthly and quarterly controls around regulatory risk measures.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you’ll succeed

• Strong Leadership – You will take a leadership role in overseeing the 2nd line of defense for global fixed income market risk, ensuring adherence to controls, risk management principles and continued development of comprehensive processes to manage risk.

• Relationship Building – You will work with individual traders, trading desk heads and infrastructure units to ensure their understanding and commitment to evolving risk management methodologies. This will include training and learning for infrastructure and trading colleagues on upcoming changes to market risk methodologies.

• Teamwork and Partnership – You will actively co-ordinate the implementation of systems and processes for the measurement and monitoring of market risks in Capital Markets trading desks, and also globally.

• Talent Development – You will take the initiative to mentor junior and senior market risk analysts and be instrumental in developing their market and risk management knowledge and practical skills.

Who you are

• You can demonstrate experience in trading and/or risk management for interest rate derivatives and fixed income securities including options and complex products. A deep understanding of these markets, liquidity, pricing and P&L attribution is highly advantageous as well. It is an asset if you have advanced knowledge of the Canadian and international interest rate (IR) derivatives markets, including practical knowledge of our market rates and specialized products, as well as quantitative modelling experience and data driven approaches to risk management concepts.

• You have a university degree in finance, mathematics, physics, engineering or related discipline. It is an asset if you have acquired a CFA/FRM/PRM designation.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

• 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 know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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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*, 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 [email protected]

• 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.

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