Job Description

The following job posting and assessment questions were crafted by Kiinago Biinoogi Muskiiki (\xe2\x80\x98Our Children\xe2\x80\x99s Medicine\xe2\x80\x99 in English) in consultation with Indigenous Elders, Knowledge Keepers and other members of the community. Applications housed on this platform provide a unique opportunity for First Nations, M\xc3\xa9tis and Inuit job seekers to have the option of sharing their whole selves with potential employers, including their lived experience and transferable skills. For more information, visit ourchildrensmedicine.ca

What You\xe2\x80\x99ll Be Doing

As the Director, Trading Market Risk Management, you have the mandate to support the Senior Director, Trading Market Risk Management on the \xe2\x80\x98second line of defense\xe2\x80\x99 governing the following areas of oversight in Global Fixed Income Trading Risk:

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  Interest Rate Derivatives
• Bond Trading
• Money Markets
• Structured Rates Trading

As the Director, Trading Market Risk Management, you will provide mentorship to 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. 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\xe2\x80\x99s trading book risks \xe2\x80\x93 including regulatory measures such as VaR, Stressed VaR, IRC & ES and non-regulatory measures such as stress testing, 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, attest to CDOR submission oversight, 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. You\xe2\x80\x99ll have the flexibility to manage your work activities within a hybrid work arrangement where you\xe2\x80\x99ll spend 2-3 days per week on-site, while other days will be remote.

How You\xe2\x80\x99ll Succeed

• 
  Strong Leadership \xe2\x80\x93 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 \xe2\x80\x93 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 \xe2\x80\x93 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 \xe2\x80\x93 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.

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 health benefits program, defined benefit pension plan, an employee share purchase plan 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.

REQUIREMENTS

• You can demonstrate experience. Minimum 4 years of Trading and/or Risk Management experience 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.
• It is an asset. 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. CFA, FRM, PRM designation is an asset.
• You have a degree. You have a degree in finance, mathematics, physics, engineering and/or related discipline.
• 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 \xe2\x80\x93 trust, teamwork and accountability.

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.