Senior Director, Trading Credit Risk

Canadian Imperial Bank of Commerce; Toronto; On-site; CAD 180,000 - 240,000; Full time

Job summary

Canadian Imperial Bank of Commerce seeks a Senior Director, Trading Credit Risk to lead counterparty credit risk oversight for private credit across a global portfolio including Canada, the U.S., Europe, and Asia Pacific. You will adjudicate complex facilities, shape risk strategy, and collaborate with senior leaders across Global Markets, Corporate Banking, and Risk Management.

You will influence risk decisions, ensure adherence to risk appetite and standards, and engage with regulators,

Qualifications

• Deep credit risk expertise across trading and counterparty risk.
• Experience evaluating complex facilities, structures, and counterparties.
• Strong communication with executives, risk committees, and regulators.

Responsibilities

• Lead oversight of counterparty credit risk for private trading across a global portfolio.
• Adjudicate complex facilities and transactions; advise senior approvers on high-risk cases.
• Develop and implement risk policies aligning with risk appetite and regulatory expectations.
• Partner with Global Markets, Corporate Banking, and Risk Management to align opportunities with credit quality.

Skills

Analytical Thinking

Credit Risks

Financial Markets

Group Problem Solving

Long Term Planning

People Management

Risk Monitoring

Risk Reporting

Trading Risk Management

Job description

What you'll be doing

As a Senior Director, Trading Credit Risk, you’ll lead the oversight of counterparty credit risk for private credit lending across a global portfolio that spans Canada, the U.S., Europe, and Asia Pacific. You’ll adjudicate complex trading, financing, and lending facilities for private credit funds and other non-bank financial institution counterparties, while helping shape sound credit strategies, policies, and risk practices. In this role, you’ll partner closely with senior leaders across Global Markets, Corporate Banking, and Risk Management to ensure business opportunities align with the bank’s risk appetite and credit quality standards. You’ll also provide expert guidance on industry trends, portfolio developments, and emerging risks, while representing Risk Management with senior executives, auditors, regulators, and clients when needed. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportions of on-site and remote work) will be discussed at the time of interview.

How you'll succeed

• Credit adjudication and portfolio oversight - Adjudicate complex counterparty credit facilities and transactions within your delegated approval authority, and provide recommendations on transactions above that authority to senior approvers. Oversee a designated portfolio of private credit and broader non-bank financial institution counterparties to ensure sound credit quality and disciplined risk management.
• Risk strategy and policy development - Develop, recommend, and implement credit policies, standards, and practices that support prudent growth and align with the bank’s risk appetite. Help shape product- and client-related policies that guide business strategy across trading, financing, and lending activities.
• Business partnership - Work in close partnership with senior leaders across Global Markets, Corporate Banking, and Risk Management to assess opportunities, challenge excessive risk, and support informed business decisions. Help ensure intended products, transactions, and client strategies are consistent with portfolio objectives and credit quality expectations.
• Industry insight and thought leadership - Build and maintain deep expertise in private credit and related sectors to identify trends, emerging risks, and market developments that could affect the portfolio. Share clear, timely analysis and present written and verbal recommendations to senior executives and credit committees as required.
• Governance and control - Ensure risk ratings are objective, transparent, and reflective of transaction risk, while maintaining compliance with internal policies, legal and reputational risk requirements, and regulatory expectations. Support examinations and ongoing engagement with auditors, regulators, and internal stakeholders as needed.
• Influence and leadership - Provide direction to senior credit risk managers on accounts within their delegated approval authority and contribute to a strong, consistent approach to decision-making across the portfolio. Bring credibility, sound judgment, and practical market knowledge to complex discussions involving clients, business leaders, and senior risk partners.

Who you are

You bring deep credit risk expertise. You have extensive experience in counterparty credit risk, trading credit risk, or a related credit adjudication environment, with strong judgment in evaluating complex facilities, structures, and counterparties. You understand private credit and financing products. You have comprehensive knowledge of private credit products and structures, along with strong understanding of trading, financing, lending, and derivative-related risks in a global markets environment. You think strategically and act decisively. You’re able to balance risk and opportunity, apply sound decision-making within delegated authority, and make clear recommendations on complex or high-impact credit matters. You’re an influential partner. You build strong relationships with senior business leaders, risk partners, and external stakeholders, and you communicate with confidence in situations that require credibility, challenge, and collaboration. You communicate complex ideas clearly. You have strong written and verbal communication skills, with the ability to present thoughtful analysis, interpret market and industry developments, and tailor recommendations for senior executives and committees.

Values matter to you. You bring your real self to work and live our values of 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.

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]. CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. 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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process. 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, 29th Floor

Employment Type: Regular

Weekly Hours: 37.5

Skills: Analytical Thinking, Credit Risks, Financial Markets, Group Problem Solving, Long Term Planning, People Management, Risk Monitoring, Risk Reporting, Trading Risk Management

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.