Senior Manager, Trading Credit Risk

CIBC; Toronto; Hybrid; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Benefits program

Pension plan

Employee share purchase plan

Vacation offering

Wellbeing support

MomentMakers recognition

Job summary

CIBC in Toronto is seeking a Senior Manager, Trading Credit Risk Adjudication to lead a portfolio spanning Capital Markets activities globally. You will drive credit risk decisioning, determine covenants, and monitor exposures across OTC derivatives, financing facilities, and margin products, collaborating with trading, corporate banking, and legal teams.

In this role you will produce timely, accurate analyses, influence senior decisions, and contribute to policy improvements.

Qualifications

• Experience analyzing financial statements to assess credit risks.
• Strong knowledge of trading room products including derivatives and financing products.
• Excellent written and verbal communication to senior management.
• Advanced technical skills including Excel and Microsoft Office.
• Strong decision-making and interpersonal skills.

Responsibilities

• Review and approve credit applications for trading facilities with thorough analysis.
• Monitor credit quality and global exposure of the portfolio.
• Advise Corporate Banking on credit risks of derivative products and facilities.
• Develop and implement policy improvements related to derivatives and financing.

Skills

Financial statement analysis

Credit risk analysis

Derivative products

Excel proficiency

Communication skills

Decision making

Interpersonal skills

Education

Bachelor's degree in finance or related field

Tools

Excel

Office suite

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 Senior Manager, Trading Credit Risk Adjudication (TCR) you will report to the Senior Director, TCR and will be responsible for a portfolio of trading relationships and accounts that supports our CIBC Capital Markets business globally across Canada, New York, London, and Hong Kong. Trading Credit Risk Adjudication oversees Capital Markets management of trading credit risk with the support of the other Capital Markets Risk Management teams. You will be responsible for the adjudication, credit risk decisioning, determination of credit risk covenants, and monitoring of your portfolio spanning various trading and financing products including OTC derivatives, securities financing, equity margin and prime brokerage margin loans, etc. Trading counterparties primarily consist of sophisticated non-bank financial institutions such as pension funds, hedge funds, variety of investment funds, brokers, insurance companies, and central clearing counterparties. This role requires a strong working partnership with the trading floor and Corporate Banking relationship managers to understand business requirements and assisting in the appropriate structuring of facilities. You will work in a fast-paced and dynamic team environment where time pressures demand quick response and sharing of skills and knowledge is critical.

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 – You will review and recommend approval of credit applications submitted by Corporate Banking ensuring trading facilities are appropriately structured and supported by thorough analysis and well-executed interpretation of relevant financial, industry, business and market information. You will actively monitor the credit quality and global credit exposure of the portfolio by remaining current with the customer base, industry and economic trends and relevant world press.
• Advisory – You will be required to provide advice to other areas in the Bank (specifically Corporate Banking relationship managers) on the credit risks associated with derivative products and financing facilities and the assessment methodologies used by TCR.
• Enhance Industry/Product Knowledge – You will investigate and research new and existing derivative products and financing facilities offered by Capital Markets in order to understand potential risks to the Bank. You will develop, recommend to senior management, and implement strategies and policies for the management and mitigation of credit risks associated with these products.
• Policy and Documentation – You will make recommendations relative to policy as it relates to credit issues applicable to assigned industry/portfolio. This includes developing a strong understanding of derivatives and financing policies and contribute to implementing updates and improvements to suit the needs of clients. You will also work closely with documentation personnel and CIBC’s Legal Division in order to remain current with and continually improve methods for dealing with legal issues relating to derivative and financing products.

Who You Are

• You can demonstrate experience in analyzing financial statements in order to assess credit risks utilizing strong analytical skills. You should have strong knowledge of, and experience in dealing with, the credit risks associated with various trading room products including derivatives and financing products. You should possess strong oral and written communication skills to effectively communicate complicated concepts and financial data to senior management. Have advanced technical skills including Excel and other Microsoft Office products. Have well developed decision-making and excellent interpersonal skills to communicate effectively with a variety of personalities with different priorities.
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• You love to learn. You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
• 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]
• 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, Communication, Credit Risks, People Management, Risk Reporting