Business Analyst, Market Risk Solutions at CIBC | Toronto, Canada | Rezi

Business Analyst, Market Risk Solutions at CIBC

Business Analyst, Market Risk Solutions

CIBC · Toronto, Canada

4 days ago

Business Analyst, Market Risk Solutions

CIBC · Toronto, Canada

4 days ago
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About the Role

As a Business Analyst on the Capital Markets Risk Management (CMRM) team, you'll assist the Director, Market Risk Solutions by providing subject matter expertise in developing robust and sustainable solutions for market risk capture within our market risk systems. You'll build and maintain strong working relationships across a matrix organization, collaborating closely with both CMRM groups and non-CMRM stakeholders. Your expertise will help ensure our market risk processes are methodologically sound and operationally efficient, supporting the ongoing evolution of risk measurement at CIBC. You'll play a key role in driving projects forward, engaging stakeholders, and contributing to the strategic direction of market risk initiatives.

Responsibilities

  • Assist the Director, Market Risk Solutions by providing subject matter expertise in developing robust and sustainable solutions for market risk capture within market risk systems.
  • Build and maintain strong working relationships across a matrix organization, collaborating closely with both CMRM groups and non-CMRM stakeholders.
  • Ensure market risk processes are methodologically sound and operationally efficient.
  • Support the ongoing evolution of risk measurement at CIBC.
  • Drive projects forward, engage stakeholders, and contribute to the strategic direction of market risk initiatives.
  • Identify and engage relevant stakeholders for assigned market risk initiatives.
  • Perform thorough analysis while applying existing knowledge and developing new market risk expertise.
  • Document the current state, define required changes, and propose solutions.
  • Build consensus, contribute to business process design, plan and execute testing, and present results to stakeholders.
  • Manage a portfolio of market risk projects and change requests, addressing technical and business obstacles.
  • Collaborate with stakeholders within and outside of CMRM to support timely testing, sign-off, and delivery within applicable project delivery frameworks, including Agile and Waterfall.

Requirements

  • Degree in a quantitative field.
  • Solid understanding of Capital Markets products and their pricing principles, market risk metrics, models (sensitivities, value at risk (VaR), stress testing, backtesting), regulations, and regulatory capital calculations, including Fundamental Review of the Trading Book (FRTB) and Basel III CVA.
  • Curiosity and commitment to growing knowledge as market risk measurement continues to evolve.
  • Experience working with relational databases and manipulating large datasets using tools such as SQL, Visual Basic for Applications (VBA), Python, PowerShell, or R.
  • Adaptability to new technologies, including artificial intelligence and machine learning.
  • Ability to take initiative, go above and beyond, and deliver results.
  • Bring your real self to work, and live the values of trust, teamwork, and accountability.
  • Legally eligible to work at the specified location(s).
  • May be asked to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency).

Skills

  • Analytical Thinking
  • Emerging Risks
  • Market Risk Management
  • Reporting and Analysis
  • Researching
  • Risk Analytics
  • Risk Measurement
  • SQL
  • Visual Basic for Applications (VBA)
  • Python
  • PowerShell
  • R
  • Artificial Intelligence
  • Machine Learning

Location

  • Toronto

Work Type

  • Hybrid
  • Full-time

Experience Level

  • 1-3 years of experience in business analysis, a quantitative field, or a related role.

Education Level

  • Degree in a quantitative field.
  • Financial Risk Manager (FRM) designation is an asset.

Benefits

  • Competitive salary
  • Incentive pay
  • Banking benefits
  • Benefits program
  • Defined benefit pension plan
  • Employee share purchase plan
  • Vacation offering
  • Wellbeing support
  • MomentMakers, our social, points-based recognition program
  • Purpose Day; a paid day off dedicated for you to use to invest in your 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.
  • The Risk Measurement, Systems & Reporting (RMSR) group is accountable for developing and maintaining a disciplined approach to the governance, monitoring, and control of the bank’s counterparty credit, market, liquidity, funding, insurance, and pension risk-taking activities, and the associated risk systems.
  • The Market Risk Solutions group is responsible for developing and maintaining systems and processes for robust market risk and credit valuation adjustment (CVA) regulatory capital calculations, and internal market risk measurement, reporting, and monitoring; supporting new business initiatives within CIBC Capital Markets; meeting requirements for business information, including market risk reporting and limit monitoring; and delivering on regulatory initiatives in the market risk space.
  • 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.
  • CIBC is committed to clarity in our hiring process.
  • All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
  • We use artificial intelligence tools during the recruitment process.
  • 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.