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

The Senior Director, Non-Trading Market Risk Management has the mandate to lead the groups responsible for the \xe2\x80\x98second line of defense\xe2\x80\x99 governing the following areas of oversight:

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  Structural Interest Rate Risk (SIRR) and Asset Liability Management (ALM)
• Non-Trading (Banking Book) Market Risk
• Structural FX Risk
• Subsidiary Oversight

The group actively partners with Treasury, other Capital Markets Risk Management colleagues, Capital Markets, core strategic business units (SBUs), and other infrastructure groups to provide effective challenge and produce key reports and metrics (e.g. NII and EVE sensitivities) for senior leadership and regulators to measure and validate CIBC\xe2\x80\x99s structural interest rate risk posture.
As the Senior Director, Non-Trading Market Risk Management, you will participate and co-ordinate the risk management governance of customer behavior assumptions used within ALM modelling, including, but not limited to, liquidation rates and partial prepayments of mortgages and customer loans, take-up ratios of mortgage commitments and rational exercise rates for customer cashable instruments. You will also be responsible for the oversight and analysis on deposit modelling for both interest rate sensitivity and stability.

How You\xe2\x80\x99ll Succeed

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  Strong Leadership \xe2\x80\x93 You will take a leadership and collaborative role in ensuring the integrity of risk data and the continued development of comprehensive processes to capture and download of market risk data for firm-wide consolidation.
• Relationship Building - To work with individual traders, Treasury team members and infrastructure units to ensure their understanding and commitment to evolving risk management methodologies. To conduct formal and informal training as required.
• Collaboration and Partnership - Actively co-ordinate the implementation of systems and processes for the measurement and monitoring of market risks in Treasury and subsidiaries in Toronto, and globally, as part of a team.
• Project Management \xe2\x80\x93 You will lead complex group-wide projects, contributing innovative thinking and an advanced analytical approach. You will also represent both Risk Management and CIBC at Canadian Bankers Association (CBA) meetings when topics relating to areas of oversight are tabled. This includes general discussions with peer institutions as well as CBA led reviews of regulatory updates and meetings with OSFI.

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. In highly specialized quantitative expertise, business knowledge and experience to influence and support the development, implementation and maintenance of market risk models. You have experience in the following areas - Structural Interest Rate Risk (SIRR), asset liability management (ALM), and balance sheet management.
• Advanced knowledge of the Canadian and international interest rate (IR) derivatives markets, including practical knowledge of derivative instruments and the issues surrounding their pricing and risk management. A CFA/FRM/PRM designation is an asset.
• You have a degree. You have a University 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.