Job Description

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



What you'll be doing

As the Senior Manager, ALM Modeling & Measurement, you'll be responsible for accurate measuring and modelling of Structural Interest Rate Risk and support of the related management and hedging processes. The Senior Manager, ALM Modeling & Measurement will assist in implementation of models for interest rate risk measurement and balance sheet modeling and help manage daily, weekly and monthly processes and related tasks. In addition, you will be supporting senior management in managing of structural interest rate risk (SIRR), which impacts the bank's net interest income and economic value, within the context of delivering consistent and sustainable earnings. The Senior Manager, ALM Modeling and Measurement will closely collaborate with other members of CIBC Treasury to apply ALM tools to provide understanding of Interest Rate Risk dynamics.

At CIBC, we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.

How you'll succeed

Developing best practice ALM models and processes - Assist in developing model configurations for all material products on the balance sheet, including banking book product. Verify accurate cashflow generation and valuation for all products. Assist in developing and implementing processes to create and accurate starting position that is consistent with the General Ledger view of the balance sheet. Assist in developing and implementing consumer behavioural models for prepayment and other cashflow drivers as required.

Apply ALM models - Provide support in applying ALM models to value all products in CIBC under various interest rate scenarios to produce risk metrics. This will include standard valuation shocks such as paralell changes in the yield curve as well as non-paralell changes, DV01's, duration-based measures and key rate durations. Monitor model performance and backtest accordingly.

Generate forecasts and scenarios using QRM - Assist in modeling balance sheet dynamics including growth and changes in product balances/mix. Model line of business pricing behaviour and its evolution. Conduct scenario analysis in valuation and earnings dimensions to evaluate changes.

Conduct analysis - Provide analytical support to the VP and Senior Director, Asset Liability Management by gathering data and conducting in depth analysis to support proposals and decisions to various stakeholders including the Global Asset/Liability Committee and ALM Subcommittee. Conduct analytical research and interpretation to support and guide measurement and management of structural interest rate risk. Provide input to ALM team with respect to the impact of proposed valuation and risk measurement models and methodologies.

Support Treasury initiatives - Support core activities including balance sheet modeling related to capital and funding activities, investment portfolio analysis, and liquidity risk management and measurement.

Who you are

You're goal oriented. You're motivated by accomplishing your goals and delivering your best to make a difference.

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

You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.

You can demonstrate experience. In Asset Liability Management (ALM) and funds transfer pricing. Prior experience in ALM system implementation including data management and process design is an asset. Experience in quantitative analytics with a bank and/or other financial institution in areas of valuation, hedging and risk measurement is an asset. Experience with QRM an asset. Proficiency in Python, SQL, and/or R.

You can demonstrate knowledge. In financial economics, financial mathematics such as fixed income theory, statistics, treasury processes, risk management and balance sheet modeling techniques. You have solid knowledge of Canadian regulation and practices related to SIRR management, and retail products such as mortgages, commercial loans and deposit fixed term indefinite maturity deposit products.

You have a degree/diploma. In a quantitative field such as Finance/Economics, Physics, Mathematics, Statistics, Engineering, or Data Science. It's an asset if you have FRM, CQF and/or CFA designations.

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

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

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.

Job Location Toronto-161 Bay St., 11th

Employment Type Regular

Weekly Hours 37.5

Skills

Asset and Liability Management (ALM), Banking, Data Management, Funds Transfer Pricing (FTP), Hedging, Mathematics Modeling, Quantitative Analysis, Quantitative Analytics, Researching, Risk Management, Statistical Models, Technical Knowledge