Senior Risk Manager, Trading Market Risk - Global Equities

CIBC•Toronto, ON

12d•Hybrid

About The Position

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. As a Senior Risk Manager, Trading Market Risk in Capital Markets Risk Management, you will be managing market risk and providing risk oversight with the focus on the Equity Derivative trading desks. Your key responsibilities include understanding the desk trading and hedge strategies, providing the effective risk challenges to the trading desk, daily & periodical position/risk monitoring and PnL/risk/Capital explain on the change and risk drivers. and proactively monitoring the markets to anticipate the potential risk impact. You will assist the Director, Trading Market Risk and collaborate with other risk managers in delivering timely and accurate risk and product analysis to the senior management team. You will provide leadership in the risk measurement enhancement projects including internal risk measurement and FRTB Capital risk measures for your respective business line. You will work closely with partners in Capital Markets Risk, Capital Markets (Traders), Technology and Finance to ensure sound risk management and measurement, efficient communication and to assist on process enhancements. Furthermore, you will work closely with Quantitative Risk Management to identify the issues with the risk models and continuously enhance existing models. You will also utilize your solid quantitative, database and coding skills to streamline and automate the risk oversight process/reports and perform ad-hoc risk analysis.

Requirements

3+ years of experience in market risk, trading, and or related risk field.
Experience and strong knowledge of capital market products especially pertaining to Equity Derivatives or other asset class derivatives a strong asset.
Degree/diploma in Quantitative Finance, Financial Engineering, Financial Mathematics, Statistics, and/or related program.
Programming and database skills (Python, R, SQL, and Bloomberg API, etc.).
Ability to streamline/automate the oversight process and ad-hoc risk analysis.
Ability to investigate complex problems and make sense of information.
Ability to communicate detailed information in an impactful way.
Attention to detail and critical thinking skills.
Ability to take the lead, go above and beyond, and deliver results.
Ability to bring your real self to work and live values – trust, teamwork and accountability.

Nice To Haves

Experience with other asset class derivatives.

Responsibilities

Managing market risk and providing risk oversight with the focus on the Equity Derivative trading desks.
Understanding the desk trading and hedge strategies.
Providing effective risk challenges to the trading desk.
Daily & periodical position/risk monitoring and PnL/risk/Capital explain on the change and risk drivers.
Proactively monitoring the markets to anticipate the potential risk impact.
Assisting the Director, Trading Market Risk and collaborating with other risk managers in delivering timely and accurate risk and product analysis to the senior management team.
Providing leadership in risk measurement enhancement projects including internal risk measurement and FRTB Capital risk measures for your respective business line.
Working closely with partners in Capital Markets Risk, Capital Markets (Traders), Technology and Finance to ensure sound risk management and measurement, efficient communication and to assist on process enhancements.
Working closely with Quantitative Risk Management to identify the issues with the risk models and continuously enhance existing models.
Utilizing quantitative, database and coding skills to streamline and automate the risk oversight process/reports and perform ad-hoc risk analysis.
Ensuring effective and timely communication of the desk PnL and risk change explain.
Closely monitoring the desk trading activities and limit utilization to help limit CIBC’s exposure to these risk factors.
Providing effective challenges to the respective trading desks’ business strategies and risk management practices.
Proactively identifying key market risk factors/indicators and monitoring risk metrics for the trading desks.
Developing excellent relationships with various Capital Markets groups – Traders, Sales, Marketers, Quantitative Analysts, Finance, Market Risk Solutions, and Limit Monitoring Group.
Maintaining clear and concise lines of communication with each stakeholder group as a 2nd line of defense.
Maintaining and utilizing expertise of Capital Markets activities and products, valuation & risk models, and risk sensitivities focusing on Equity derivatives.
Continuing to grow knowledge of Market Risk management and measurement.
Keeping up to date with pertinent regulatory requirements (existing and emerging).
Maintaining rigorous standards for risk analysis, strategic thinking and process documentation.

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