Prime Brokerage Market Risk

CIBC US; New York (NY); Hybrid; USD 140,000 - 180,000; Full time

Job summary

An established industry player is seeking a Prime Brokerage Market Risk professional to join their dynamic Capital Markets Risk Management team. In this pivotal role, you will measure, monitor, and control various market risks while engaging in statistical modeling and risk analysis. The position offers a hybrid work environment and a competitive salary, along with a commitment to fostering an inclusive culture that values risk awareness and professional growth. If you are passionate about risk management and looking to make a significant impact, this opportunity is perfect for you.

Benefits

Comprehensive benefits

Hybrid working environment

Competitive salary range

Qualifications

• Experience in risk management with a focus on Prime Brokerage.
• Strong analytical skills with proficiency in Python and VBA.

Responsibilities

• Recommend risk controls and monitor processes against limits.
• Conduct risk testing and assess portfolios through stress analysis.
• Communicate risk methodologies to stakeholders.

Skills

Prime Brokerage Risk Management

Market Risk

Counterparty Risk

Statistical Modeling

Risk Analysis

Communication Skills

Python

VBA

Education

Bachelor’s degree in a quantitative discipline

Job description

Join to apply for the Prime Brokerage Market Risk role at CIBC US

About the Role

As a Prime Brokerage Market Risk professional, you will play a key role in measuring, monitoring, and controlling market, trading, operational, and trading credit risks within CIBC's Capital Markets Risk Management (CMRM) team. Your responsibilities include statistical modeling, risk analysis, and participating in group-wide projects to enhance risk assessment and monitoring.

Key Responsibilities

1. Recommend risk controls and monitor processes against limits.
2. Provide timely measurement of credit exposure and conduct risk testing.
3. Assess portfolios involving PB, OTC, FX, and Exchange Traded products through stress and scenario analysis.
4. Analyze and address elevated exposures and breaches.
5. Monitor market environment and report on impacts.
6. Communicate risk methodologies and findings to stakeholders.
7. Participate in risk projects and regulatory inquiries.
8. Evaluate financing requests involving structured credit products.

Qualifications

• Experience in Prime Brokerage Risk Management, Market Risk, or Counterparty Risk.
• Knowledge of VAR and PFE methodologies, and financial products including derivatives.
• Understanding of margin methodologies.
• Strong communication skills, ability to interact with senior stakeholders.
• Bachelor’s degree in a quantitative discipline; Python, VBA skills preferred.

Additional Information

This role offers a hybrid working environment, competitive salary range of $140,000-$180,000 (NYC), and comprehensive benefits. CIBC fosters an inclusive culture emphasizing risk awareness, compliance, and professional growth.