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About the Role

CIBC is building a relationship-oriented bank for the modern world, seeking talented and passionate professionals dedicated to client success. This role involves providing second line of defense oversight of market risk and trading credit risk for CIBC’s Capital Markets and Treasury activities, ensuring compliance with regulatory requirements and alignment with the company’s Risk Appetite Statement.

Responsibilities

• Ensure appropriate risk frameworks are in place to control market risk and that processes exist to monitor against limits.
• Maintain continuous awareness of the risk profile of the Fixed Income business and market developments that may impact the business.
• Provide timely and accurate market risk updates to senior management.
• Ensure the integrity of risk metrics and limit monitoring and resolve violations of market risk limits.
• Perform due diligence in the onboarding of new products and initiatives, including risk assessment and risk capture.
• Work with technology and business support groups to design and improve risk models to capture risks originating from Fixed Income trading.
• Develop and enhance portfolio risk and stress testing.
• Ensure compliance with all market risk regulatory requirements.
• Contribute to Enterprise Risk Management exercises and reporting.

Requirements

• 3+ years of market risk management experience on a trading floor.
• Strong understanding of the pricing of and risks associated with fixed income products.
• Demonstrated interest in markets and the ability to proactively anticipate impacts to a given risk profile.
• Familiarity with the methodologies and risk metrics to quantify and analyze market risks, such as VaR, Stressed VaR, Stress Testing and risk sensitivities.
• Strong interpersonal and communication skills including the ability to articulate technical, complex ideas to a variety of audiences.
• Excellent negotiation and mediation skills.
• Highly proficient Excel skills.
• Self-motivated and flexible.
• Strong attention to detail.
• Able to work independently and as part of a team.
• Able to effectively manage multiple projects of varying complexity.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
• You need to be legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.
• May be asked to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office).

Skills

• Accountability
• Analytical Thinking
• Business
• Business Initiatives
• Decision Making
• Group Problem Solving
• Market Risk Management
• Regulatory Requirements
• Reporting and Analysis
• Researching
• Risk Analysis
• Risk Management Framework
• Excel
• Python
• VBA

Location

• New York, NY

Work Type

• Regular
• Full-time

Experience Level

• 3+ years

Education Level

• Undergraduate degree in a quantitative discipline preferred

Salary/Compensations

• $150,000 - $190,000

Benefits

• Medical
• Dental
• Vision
• Health Savings Account
• Life Insurance
• Disability
• Other Insurance Plans
• Paid Time Off (including Sick Leave, Parental Leave, and Vacation)
• Holidays
• 401(k)
• Competitive salary
• Incentive pay
• Banking benefits
• Wellbeing support
• MomentMakers recognition program
• Purpose Day (paid day off for growth and development)

About the Company

• CIBC is building a relationship-oriented bank for the modern world.
• 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.
• CIBC offers a competitive total rewards package.
• 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.
• 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.

Equal Opportunity

• 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 Mailbox.careers-carrieres@cibc.com