Senior Director, Funding and Liquidity Risk Management

CIBC • Toronto, ON

16h • Hybrid

About The Position

The Senior Director, Funding and Liquidity Risk Management has the mandate to lead the groups responsible for the ‘second line of defense’ governing the following areas of oversight: Liquidity Risk and Funding Risk, Intraday Liquidity Risk management, Recover & Resolution planning, Contingency funding planning and Subsidiary Oversight. The group actively partners with Treasury, other Capital Markets Risk Management colleagues, Capital Markets, core strategic business units (SBUs), and other infrastructure groups to provide effective challenge and produce key reports and metrics for senior leadership and regulators to measure and validate CIBC’s liquidity risk posture. As the Senior Director, Funding and Liquidity Risk Management, you will participate and co-ordinate the risk management governance. 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 2-3 days per week on-site, while other days will be remote.

Requirements

• Demonstrate experience in highly specialized quantitative expertise, business knowledge and experience to influence and support the development, implementation and maintenance of liquidity risk appetite.
• Experience in the following areas – Liquidity, funding, balance sheet, market risk, audit, governance, recovery, resolution, intraday liquidity and other relevant areas.
• University degree in finance, mathematics, physics, engineering and/or related discipline.
• Experience developing and implementing strategic team goals.
• Experience coaching employees and inspiring successful team performance.
• Strong analytical thinking skills.
• Strong continuous improvement techniques.
• Strong decision making skills.
• Strong understanding of Liquidity Risk.
• Strong long term planning skills.
• Strong understanding of Market Risk.
• Strong Market Risk Analysis skills.
• Strong people management skills.
• Strong understanding of Regulatory Requirements.
• Strong Risk Management Framework skills.
• Ability to investigate complex problems and make sense of information.
• Ability to communicate detailed information in a meaningful way.
• Attention to detail and critical thinking skills.
• Ability to bring your real self to work and live CIBC values – trust, teamwork and accountability.

Nice To Haves

• Advanced knowledge of the Canadian and global markets, including practical knowledge of derivative instruments and the issues surrounding their pricing and liquidity risk management.
• A CFA/FRM/PRM designation is an asset.

Responsibilities

• Lead the groups responsible for the ‘second line of defense’ governing Liquidity Risk and Funding Risk, Intraday Liquidity Risk management, Recover & Resolution planning, Contingency funding planning and Subsidiary Oversight.
• Actively partner with Treasury, other Capital Markets Risk Management colleagues, Capital Markets, core strategic business units (SBUs), and other infrastructure groups to provide effective challenge and produce key reports and metrics for senior leadership and regulators to measure and validate CIBC’s liquidity risk posture.
• Participate and co-ordinate the risk management governance.
• Communicate with key stakeholders and collaborate for business requests.
• Take a leadership and collaborative role in ensuring the integrity of risk data and the continued development of comprehensive processes to capture and download of market risk data for firm-wide consolidation.
• Work with individual traders, Treasury team members and infrastructure units to ensure their understanding and commitment to evolving risk management methodologies.
• Conduct formal and informal training as required.
• Actively co-ordinate the implementation of systems and processes for the measurement and monitoring of market risks in Treasury and subsidiaries in Toronto, and globally, as part of a team.
• Lead complex group-wide projects, contributing innovative thinking and an advanced analytical approach.
• Represent both Risk Management and CIBC at Canadian Bankers Association (CBA) meetings when topics relating to areas of oversight are tabled.
• Engage in general discussions with peer institutions as well as CBA led reviews of regulatory updates and meetings with OSFI.

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