Business Analyst, Market Risk Solutions

CIBC • Toronto, ON

9d • Hybrid

About The Position

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 (Trade Floor Risk Managers, Data, Governance, Reporting, Quantitative Solutions) and non-CMRM stakeholders (Risk Technology, Front Office and Front Office Technology, Model Vetting, Finance, Audit). 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.

Within CMRM, 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.

Within RMSR, 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.

Requirements

• 1-3 years of experience in business analysis, a quantitative field, or a related role.
• Degree in a quantitative field.
• Solid understanding of Capital Markets products and their pricing principles.
• Solid understanding of 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.
• Experience working with relational databases.
• Experience manipulating large datasets using tools such as SQL, Visual Basic for Applications (VBA), Python, PowerShell, or R.
• Ability to adapt easily to new technologies, including artificial intelligence and machine learning.
• Legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.

Nice To Haves

• Relevant professional designation, such as Financial Risk Manager (FRM).
• Current accreditation and good standing in Financial Risk Manager (FRM).
• Curiosity and commitment to growing knowledge as market risk measurement continues to evolve.

Responsibilities

• Provide 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 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, propose solutions, and 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 (Agile and Waterfall).

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level