Director, Trading Credit Risk

CIBC•New York, NY

2d•$170,000 - $200,000•Hybrid

About The Position

As Director, NBFI & Private Credit within CIBC’s Risk Management group, you will support oversight of counterparty credit risk for Non-Bank Financial Institutions (NBFI), Asset Securitization, and Private Credit lending activities. You will adjudicate and manage trading, financing, and lending facilities for counterparties including private credit funds, banks, sovereigns, hedge funds, pensions, insurance companies, and central clearing counterparties (CCPs). You will contribute to the execution of credit risk strategies, policies, and procedures supporting strong credit quality across global portfolios in Canada, the U.S., Europe, and Asia Pacific. In partnership with Risk Management, Global Markets, Corporate Banking, Commercial Banking, and key control functions, you will help ensure sound risk oversight and alignment with CIBC’s risk appetite and regulatory expectations. The position uses a hybrid arrangement, with three days per week on-site and other days remote.

Requirements

Solid experience in counterparty credit risk, lending, and trading products.
Ability to assess moderately to highly complex credit facilities and transactions across NBFI and private credit portfolios.
Understanding of key risk drivers and business models across financial institutions and institutional counterparties, including hedge funds, pensions, insurance companies, asset managers, and broker dealers.
Strong communication and relationship-building skills, including the ability to present credit views and recommendations and influence stakeholders.
Analytical thinking, sound judgment, critical thinking, and problem-solving skills to assess risk, identify issues, and recommend practical solutions.
Ability to collaborate in team environments and contribute to collective outcomes.
Must be legally eligible to work at the specified location and hold a valid work or study permit where applicable.

Responsibilities

Support adjudication and ongoing management of counterparty credit risk exposures, ensuring effective identification, assessment, and monitoring in accordance with CIBC’s risk policies, standards, and delegated authorities.
Contribute to implementation of credit policies, procedures, and risk management practices for NBFI and private credit portfolios, and provide input on policy enhancements based on market developments and portfolio trends.
Exercise delegated lending authority for credit facilities and transactions within prescribed limits, and prepare recommendations for more complex transactions requiring senior approval.
Maintain current knowledge of market developments, industry trends, and counterparty-specific risks across private credit, hedge funds, pensions, insurance, asset management, and broker dealers.
Collaborate with business partners, senior risk professionals, and control groups on transaction structuring, portfolio monitoring, and risk-based decision-making aligned with business objectives and CIBC’s risk appetite.
Present credit views and recommendations, influence stakeholders, and build working relationships across Risk, front office, and control partners.
Provide guidance and support to peers and junior team members where appropriate.

Benefits

Competitive salary and incentive compensation; the successful candidate may be eligible for a business unit incentive plan that may include a discretionary bonus.
Medical, dental, and vision coverage.
Health Savings Account.
Life insurance, disability, and other insurance plans.
Paid time off, including sick leave, parental leave, and vacation.
Holidays.
401(k).
Banking benefits.
Wellbeing support.
MomentMakers social, points-based recognition program.
Purpose Day, a paid day off dedicated to growth and development.
Other special perks for team members.