Job Information
CIBC Executive Director, Market Risk in London, United Kingdom
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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.
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Purpose of Job
As an Executive Director of Market Risk, this role is primarily responsible for assisting in the oversight of the market risk of the London businesses. This role is key in developing, implementing and maintaining financial models to ensure that all material market risks are correctly measured, aggregated, reported and analyzed.
Market Risk is managed on a Global basis, divided broadly by asset class, and hence it is expected that the incumbent will also assist in the oversight of the market risk of one or more asset classes, as required.
The incumbent will participate in complex group-wide projects by contributing creative thinking with an advanced analytical approach. This position requires deep understanding of financial markets, project management, IT systems and pricing of complex interest rate, FX and equity (being the major London risk) derivatives. This role works directly with various stakeholders across Capital Markets, namely - trading, operations, financial control, audit, technology, and other departments within CMRM including quantitative risk management.
Main Objectives
To assess and report on the ongoing market risk profile of the London businesses whilst maintaining a continuous awareness of issues affecting these markets.
To perform day-to-day trading positions analysis and perform deep dive explanations of risk drivers.
To answer complex questions quickly, with answers tailored to a varied audience, including senior management.
To continually improve systems and processes for the measurement and monitoring of market risks.
To partner with business and infrastructure groups for complex and ad hoc portfolio risk inquiries.
To lead in the evolution of limit design and monitoring processes, working in ad hoc teams with other professionals within CMRM and the various business lines
To stay current on changing market risk methodologies through participation in business/industry associations and through a developed professional network.
To provide strategic and creative thinking with sharp communication skills
To build relationships across various groups to drive project delivery
To ensure that trading activities of the London business is within the risk appetite of the Bank, at both Regional and Global levels.
Assist in the monitoring and reporting of regional Liquidity Risk as needed
Cross-Functional Relationships
Traders/Trading Management in Toronto, London and globally
Risk Management personnel in all locations including market, credit, enterprise and operational risk
Finance, Audit and related control functions
Technology, business management and infrastructure personnel
Treasury and FLM team in the region
Authorities/Decision Rights
The Executive Director, under the direct guidance of the VP CMRM, Europe & APAC, operates with limited independence to develop, monitor and report on market risk data management reporting and analytical issues within business for which he/she is responsible.
As a key contributor to Capital Markets Risk Management, the incumbent has the authority to recommend changes to business market risk measurement, monitoring or other control processes, including but not limited to reporting and technology infrastructure, in order to enhance compliance with market risk regulations, policies, and guidelines
Skills / Knowledge Required
Extensive practical trading and/or risk management experience for fixed income, equities, and FX derivatives, and the issues surrounding their pricing and risk management.
Experience with CVA, FVA and other Valuations Adjustments would be considered a key asset.
Understanding of liquidity and funding metrics needed for regulatory reporting as well as prudent risk management
Ability to perform big-data analysis using Python / R would be preferred.
Familiarity with methodologies for quantifying and analysing market risks, and of relevant systems/programming issues related to market risk system deployment.
You have strong programming and database skills (e.g. Python, VBA, C#, SQL, Access, Bloomberg API, R)
Understanding of key finance/investment management concepts as well as strong skills in analytical research, problem-solving and pricing/statistical modelling.
A graduate degree in finance, economics, operations research, mathematics, or a related quantitative discipline. A CFA/FRM/PRM designation is an asset, as is some knowledge of accounting principles.
Ability to effectively communicate technical, analytical or conceptual information with traders, management, peers and developers.
Ability to lead multiple projects of varying complexity
Excellent social, negotiation and mediation skills.
Working Conditions
This role operates within a trading floor environment with an emphasis on responsiveness and accuracy.
All employees of CIBC follow all applicable CIBC and Line of Business policies, standards, guidelines and controls.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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 Mailbox.careers-carrieres@cibc.com
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
150 Cheapside, London, UK
Employment Type
Regular
Weekly Hours
35
Skills
Analytical Research, Analytical Research, Analytical Thinking, Business, Capital Markets, Communication, C Sharp (Programming Language), Data Analysis, Data Management, Decision Making, Derivatives, Disabilities, Diversity Strategies, Economics, Equities, Finance, Financial Markets, Foreign Exchange Derivatives, General Management, Leadership, Liquidity Risk, Long Term Planning, Management Reporting, Market Liquidity, Market Risk {+ 17 more}
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.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
