Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses)

CIBC; Toronto; Hybrid; CAD 130,000 - 180,000; Full time

Job summary

CIBC is seeking a Senior Director for Credit Provisioning (IFRS 9 Expected Credit Losses) to oversee risk management and reporting. This role involves strategic leadership, enhancing risk processes, and ensuring robust communication with senior management and regulators. The ideal candidate will possess strong analytical skills and extensive experience in risk management within a banking context.

Benefits

Competitive salary

Defined benefit pension plan

Employee share purchase plan

Wellbeing support

Social recognition program

Qualifications

• Strong knowledge of the regulatory environment and risk management.
• Experience managing multiple activities with varying complexity in a matrix environment.
• Ability to communicate detailed information effectively.

Responsibilities

• Manage critical and high visibility risk reporting processes.
• Lead the strategy and execution of the enhancement of the IFRS 9 ECL process.
• Act as an advisor on expected credit losses to senior management.

Skills

Analytical Thinking

Communication

Compliance Program Management

Enterprise Risk Management (ERM)

Leadership

Risk Reporting

Job description

Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses)

Join to apply for the Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses) role at CIBC

Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses)

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Join to apply for the Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses) role at CIBC

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.

To learn more about CIBC, please visit CIBC.com

What You’ll Be Doing

The Senior Director, Credit Provisioning (IFRS 9 Expected Credit Losses) is responsible for managing critical and high visibility functions within Risk Management, including credit provisioning risk reporting to senior management, the Board of Directors and our regulators. In addition, this role is accountable for providing oversight of the development, measurement, strategy and management of CIBC’s IFRS 9 Expected Credit Loss process, including the oversight of credit risk across new and existing credit portfolios.

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

How You’ll Succeed

• Reporting - Manage the Risk Management’s critical and high visibility reporting process to senior management and board-level committees. Develop key risk material and presentations for senior risk executives including synthesizing complex and detailed risk analysis and information into succinct reviews. Manage the quarterly and year-end risk reporting processes including supporting the Risk Investor Relations process, including with earnings call preparations for the Chief Risk Officer. Oversee the monitoring, measuring and reporting processes of credit risks across the bank including specific loan loss and expected credit losses.
• Review/analysis - Monitor external risk drivers, including regulatory and economic environments to identify emerging risk themes that could influence risk levels and mitigation strategies.
• Strategic development – Lead the strategy and execution of the enhancement and continuous improvement of the IFRS 9 ECL process, including tools to enable better insights and reporting.
• Relationship management - Act as an advisor and provide subject matter expertise on expected credit losses (IFRS 9) to senior management including the Chief Risk Officer. Responsible for liaising and communicating with regulators as it relates to Enterprise Risk Management owned functions and policies. Create a culture of strong collaboration in partnership across Risk Management, SBUs and other functional groups to support CIBCs capability to accurately manage and report its risks.
  
  

Who You Are

• You have strong knowledge of the regulatory environment and risk management.
• You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.
• You are a cooperative and innovative entrepreneurial team player with mature judgment, strong interpersonal skills and original approaches to problem resolution.
• You are able to deal well with ambiguity and are exceptionally adaptable and flexible.
• You think out of the box to make processes more efficient, focusing on bringing in automations and simplifications.
• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
• You have experience managing multiple activities with varying complexity in a sophisticated matrix environment organization while under time constraints.
• You maintain productive and collaborative relationships with internal and external sources, colleagues and others to obtain, provide, verify and discuss information and best practices.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
  
  

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
• Subject to plan and program terms and conditions
  
  

What You Need To Know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail]
• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
  
  

Job Location

Toronto-81 Bay, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Communication, Compliance Program Management, Enterprise Risk Management (ERM), Executive Communications, Finance, Financial Management Reporting, Group Problem Solving, IFRS 9, Investor Relations Support, Leadership, Long Term Planning, Management Reporting, Modeling Software, People Management, Process Improvements, Risk Reporting, Waterfall Model

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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