Senior Business Analyst, Liquidity Assurance

CIBC • Toronto, ON

3d • Hybrid

About The Position

Reporting to the Senior Director, OSFI Assurance, the Senior Business Analyst, Liquidity Assurance will provide insight and recommendations on the development and implementation of assurance frameworks that align with the Office of the Superintendent of Financial Institutions (OSFI) regulations. This role is critical in ensuring compliance, risk management, and operational excellence within the organization. You'll collaborate with senior leadership and assurance professionals to support strategic initiatives, drive process improvements, and foster a culture of compliance and risk awareness. Your expertise will help build and maintain relationships with auditors, ensuring proactive engagement and communication. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

• Degree in Business or Accounting.
• Over 5 years of relevant work experience in the banking industry.
• Familiarity with industry products and best practices.
• Experience working with Bank data infrastructure and reporting systems.
• Advanced SQL skills.
• Proficiency with business applications.
• Expertise in Microsoft Excel, PowerPoint, and Word.
• Ability to put clients first, engage with purpose to find the right solutions, and go the extra mile.
• Ability to influence and make a difference.
• Understanding that relationships and networks are essential to success and inspire outcomes by sharing expertise.
• Values matter, bring your real self to work, and live the values - trust, teamwork, and accountability.

Nice To Haves

• MBA and/or CFA.
• Experience and knowledge of CIBC liquidity reporting related systems including financial and management accounting systems, MST, QRM and other source systems.
• Liquidity knowledge.
• Understanding liquidity risk management.

Responsibilities

• Develop and support the OSFI assurance strategy, ensuring alignment with organizational goals and regulatory requirements.
• Conduct risk assessments for liquidity reporting processes, including Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
• Present end-to-end reporting flows, identify potential risks, and prepare and present assurance findings and recommendations to risk, internal, and external audit teams.
• Collaborate with senior leadership to identify areas of improvement and implement effective solutions to enhance compliance and operational efficiency.
• Foster a culture of compliance and risk awareness throughout the organization through training and communication initiatives.
• Build and maintain relationships with internal and external auditors, ensuring open lines of communication and proactive engagement.
• Answer inquiries regarding the liquidity reporting process, providing clear and accurate information to internal and external stakeholders.

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: Senior