Trading Market Risk Manager Fixed Income

Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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

What youll be doing

We are seeking a market risk manager to oversee CIBCs fixed income trading activities in the US which includes Treasuries swaps spread products and securitized products. You will be responsible for ensuring that market risks associated with these activities are completely identified measured and managed. Your role will also support the development of new business initiatives and involve conducting ad-hoc analyses of specific risks and addition you will participate in leading group-wide projects bringing forward innovative ideas and applying advanced analytical techniques. Success in this role requires a strong understanding of financial markets and the analytical foundations of pricing and risk management for complex derivatives. You will collaborate closely with traders treasury operations financial control audit technology middle office and other teams within CMRM. The position demands sound judgment and the ability to make timely decisions with respect to complex risk scenarios within a dynamic time-sensitive trading room environment.

At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 1-3 days per week on-site while other days will be remote.

The expected annualized base salary range for this role is $115000 to $130000.

The base salary is determined by a variety of factors including the candidates skills experience and job-related knowledge as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development enabling progression within the salary range as team members advance in their roles.

In addition to base pay compensation for this roleincludes participation in an annual discretionary incentive orbonus program.

We are committed to providing fair equitable and competitive compensation opportunities for all employees and we encourage open conversations about compensation throughout the recruitment process.

How youll succeed

• Risk Management Frameworks - Ensure appropriate risk frameworks are in place to control market risk and that processes exist to monitor against limits.

• Business and Market Awareness - Maintain continuous awareness of the risk profile of the Fixed Income business and market developments that may impact the business.

• Timely communication - Provide timely and accurate market risk updates to senior management.

• Risk Metrics and Limit Monitoring - Ensure the integrity of risk metrics and limit monitoring and resolve violations of market risk limits.

• Product and Initiative Due Diligence - Perform due diligence in the onboarding of new products and initiatives including risk assessment and risk capture.

• Model Development and Enhancement - Work with technology and business support groups to design and improve risk models to capture risks originating from Fixed Income trading.

• Portfolio Risk and Stress Testing - Develop and enhance portfolio risk and stress testing.

• Regulatory Compliance - Ensure compliance with all market risk regulatory requirements.

• Collaborative - Contribute to Enterprise Risk Management exercises and reporting.

Who you are

• You have market risk management experience. You have at least 3 years of market risk management experience on a trading floor. Strong understanding of the pricing of and risks associated with fixed income products.

• Youre passionate about markets. Demonstrated interest in markets and the ability to proactively anticipate impacts to a given risk profile.

• Youre analytically minded. Familiarity with the methodologies and risk metrics to quantify and analyze market risks such as VaR Stressed VaR Stress Testing and risk sensitivities.

• Youre an effective communicator. Strong interpersonal and communication skills including the ability to articulate technical complex ideas to a variety of audiences. Excellent negotiation and mediation skills.

• You have a quantitative background. Undergraduate degree in a quantitative discipline preferred. Highly proficient Excel skills. Knowledge of Python VBA and/or other programming languages is a plus.

• Youre adaptable and detail-oriented. Strong attention to detail. Able to work independently and as part of a team. Able to effectively manage multiple projects of varying complexity.

• 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

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities were 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 Group Problem Solving Market Risk Regulatory Requirements Reporting and Analysis Researching Risk Management Framework Stakeholder Management

Required Experience:

Manager

Experience: years
Vacancy: 1
Monthly Salary Salary: 115000 - 130000