Senior Manager, Credit Risk Solutions

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 120,000 - 190,000; Full time

Benefits offered by this job

competitive salary

incentive pay

banking benefits

a benefits program*

defined benefit pension plan*

an employee share purchase plan

a vacation offering

wellbeing support

MomentMakers, our social, points-based

recognition program

Job summary

The Senior Manager, Credit Risk Solutions at Canadian Imperial Bank of Commerce (CIBC) will lead Capital Markets Risk System initiatives, deliver risk management information, and partner with Risk, Capital Markets and Technology to design and implement solutions. The role emphasizes end-to-end client experience and a hybrid work model with 2-3 days on-site in Toronto.

You will apply domain knowledge of capital markets, risk measurement, data integrity standards, and Agile project management to

Qualifications

• Experience with Capital Markets risk measurement and management.
• Knowledge of Counterparty Credit Risk, SACCR, IMM.
• Proven ability to lead Agile data and risk projects.
• Strong communication and stakeholder management.

Responsibilities

• Support data, measurement, and process enhancements during project stages.
• Lead cross-functional teams across Risk, Capital Markets and Technology.
• Deliver end-to-end client experience including tests and impact analysis.
• Manage lifecycle of Agile and Release initiatives and prioritization.

Skills

Capital markets domain knowledge

Counterparty credit risk

SQL

Excel

Risk systems

Agile

Tools

Rational databases

SQL query analyzer

Trading systems

Job description

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

As the Senior Manager, Credit Risk Solutions, you will assist the Director, Credit Risk Solutions with managing the Capital Markets Risk System initiatives so they deliver effective risk management information, and are properly positioned to respond to changing regulatory direction and practices. You will take ownership of your initiative (operational projects OR strategic projects) and collaborate with various stakeholder groups to deliver state of the art and innovative solutions that meet key business objectives and regulatory requirements. You will provide subject matter expertise to support data, measurement, and process enhancements during project stages to ensure successful delivery and will lead partners in Risk, Capital Markets and Technology in designing and implementing solutions. You will be expected to provide an end-to-end client experience, such as: understanding the client issue, defining the purpose of the change, proposing a solution, and summarizing results to the client (e.g. walk through of test cases and providing impact analysis). 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.

How you’ll succeed

• Apply Domain Knowledge - Utilize expert knowledge of capital markets activities/products and experience in Counterparty Credit Risk measurement and management.
• Initiative Oversight - Manage the lifecycle of your Agile and Release initiatives, which include: corresponding with the client to understand their issues; corresponding with technology to provide leadership and guidance to support your clients interests; and clearly setting out the objectives and expectations of the initiative.
• Business Analysis - Analyze, document and produce business requirements to deliver high quality solutions, through the existing infrastructure framework related to calculation and reporting of risk related metrics. You will ensure that the solutions meet CMRM and CIBC data integrity standards within a well-controlled and robust data management framework.
• Relationship Building - Collaborate with the various teams within and outside the RMSR group and Risk Management Technology. Your work will contribute to business leadership’s perception of RMSR as added value to their businesses.

Who you are

You can demonstrate experience. With Capital Market Product (OTC, Repo, Fixed Income and SecLend product) pricing, terminology and risk calculations. You understand Rational databases, SQL query analyzer, Microsoft excel and electronic information flow. You have experience utilizing risk systems & applications, front office trading systems, Counterparty credit risk measurements and exposures, and capital models principles (SACCR, IMM, etc), best practices, processes, procedures, trading products and services. You have experience managing project and release intake, prioritization methods, delivery processes, including financials, project management, solution documentation and Enterprise Delivery Frameworks (Agile). You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making. You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. You draw on your prior experiences and knowledge to arrive at a calculated solution. You look beyond the moment. You know that you do a difference today and tomorrow. You look for new opportunities to define what's possible. Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.

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.

• competitive salary
• incentive pay
• banking benefits
• a benefits program*
• defined benefit pension plan*
• an employee share purchase plan
• a vacation offering
• wellbeing support
• MomentMakers, our social, points-based recognition program

*Subject to plan and program terms and conditions

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, Group Problem Solving, Market Risk, Regulatory Requirements, Reporting and Analysis, Researching, Risk Management Framework

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.