Executive Director, Commodities and Fixed Income Risk Manager

CIBC US; New York (NY); On-site; USD 188,000 - 292,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Benefits program

Vacation

Wellbeing support

MomentMakers program

Job summary

CIBC World Markets Corp. in New York seeks an Executive Director, Commodities and Fixed Income Risk Manager to analyze market risk for US commodity, bonds and rates trading activities. Lead risk frameworks and model development to monitor and control exposures.

You will communicate risk insights to senior management, design models to capture market risk, and support major initiatives and large trades. Requires 5+ years in risk management and a bachelor’s degree. Part-time telecommuting permitted.

Qualifications

• Bachelor's degree required with 5+ years of market risk management experience.
• Minimum 3 years quantifying and analyzing market risks using VaR, stress testing, and risk sensitivities.
• 3 years pricing and risk experience with linear and non-linear trading products.
• 3 years of using Bloomberg terminals API functionalities.
• 3 years of data analytics experience.

Responsibilities

• Analyze market risk for US commodity, bonds, and rates trading activities.
• Establish risk frameworks and processes to monitor and control market risks.
• Maintain awareness of risk profiles and market developments.
• Disseminate timely and accurate market risk information to senior management.
• Design, build, and enhance risk models to capture market risks.
• Prepare risk analyses for new initiatives, products, and large trades.

Skills

Analytical Thinking

Decision Making

Long Term Planning

Market Risk Analysis

Market Risk Management

People Management

Regulatory Requirements

Risk Management Framework

Education

Bachelor's degree

Tools

Bloomberg API

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:

• CIBC World Markets Corp. seeks an Executive Director, Commodities and Fixed Income Risk Manager to analyze market risk for US commodity, bonds, and rates trading activities.
• Establish risk frameworks and processes to control and monitor against all market risks.
• Maintain continuous awareness of risk profiles and market developments.
• Facilitate effective dissemination of timely and accurate market risk information to senior management.
• Design, build, and enhance risk models to ensure market risks are appropriately captured.
• Prepare risk analyses in connection with business requests for new initiatives, financial products, and large trades.

Who are you:

• Position requires a Bachelor’s degree, followed by 5 years of progressively responsible experience with market risk management in a financial industry setting.
• Experience must include a minimum of: 3 years of experience with quantifying and analyzing market risks by applying financial risk methodologies and metrics, including value-at-risk, stress testing, and risk sensitivities;
• 3 years of experience with the pricing and risks associated with linear and non-linear trading products;
• 3 years of experience with utilizing API and other functionalities of Bloomberg terminals;
• and 3 years of experience with data analytics.

Part-time telecommuting permitted. Job location: New York, NY. RATE OF PAY: $188,178.00 - $291,700.00 per year.

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*, 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, 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 NY-New York, 300 Madison Ave Fl 5 Employment Type Regular Weekly Hours 40 Skills Analytical Thinking, Decision Making, Long Term Planning, Market Risk Analysis, Market Risk Management, People Management, Regulatory Requirements, 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.