Director, Limit and Product Monitoring

CIBC • Toronto, ON

7d • Hybrid

About The Position

As a Director, Limit & Product Monitoring, you’ll be responsible for ensuring that our Capital Markets Risk Management (CMRM) processes and controls meet regulatory requirements and CIBC’s standards by maintaining a robust governance and controls framework. You’ll champion ongoing improvements by streamlining, simplifying, and automating workflows to reduce operational risk and make the most of our resources. Acting as a key stakeholder in the Product Onboarding Workstream (POW), you’ll help facilitate timely approvals, foster effective challenge, and promote transparency in monitoring approval conditions. Your day-to-day will involve overseeing the monitoring and reporting of risk exposures against established limits, as well as ensuring compliance with product authorities across Capital Markets and Treasury desks. You’ll develop and enhance tools and processes to address system or process limitations, collaborating with technology and other partners to implement strategic solutions. Working closely with teams within CMRM and groups such as Internal Audit and Model Validation, you’ll support departmental initiatives, including regulatory projects and infrastructure changes. Your strong background in financial markets and risk management, advanced technical skills, and exceptional communication and leadership abilities will be crucial to your success in this role. 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.

Requirements

• Understand financial markets and products.
• Strong knowledge of financial markets and the foundations of risk management enables you to provide effective risk challenge and support compliance efforts.
• Proficient in SQL, Python, PowerBI, DataBricks and comfortable working with tools like JIRA to automate and optimize processes.
• Thrive in cross-functional environments, building relationships with colleagues across CMRM and other teams to drive collective success.
• Exemplary organization and time management skills, coupled with excellent communication skills, help you manage complex projects and shifting priorities with ease.
• Hold a graduate degree in a quantitative filed and hold certification (e.g., CFA, FRM).
• Bring your real self to work and you live our values – trust, teamwork and accountability.

Responsibilities

• Oversee the monitoring of daily trading activities against established limits and product authorities to ensure compliance with stipulated authorities and promptly report any excesses.
• Streamline, simplify, and automate processes to reduce operational risk and improve resource allocation across the team and department.
• Facilitate alignment between product onboarding and product monitoring, breaking down silos to enhance collaboration.
• Enhance documentation of processes, systems, and procedures, highlighting dependencies and proposing improvements.
• Drive CMRM’s compliance with regulatory guidelines, assist with remediation of gaps, and contribute to departmental efforts to address audit findings and recommendations.
• Oversee, facilitate and drive changes to the Market Risk hierarchy, including testing and syndication of results.
• Work closely with colleagues within CMRM and other groups, such as Model Validation and Internal Audit, to ensure effective risk challenge and seamless transition of accountabilities.

Benefits

• competitive salary
• incentive pay
• banking benefits
• a benefits program
• defined benefit pension plan
• an employee share purchase plan
• a 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: Director