Senior Director, Pension and Insurance Risk

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

Risk Management plays an important role in supporting CIBCs core purpose by providing independent oversight of risk across the banks transactions and activities. As the Senior Director Pension & Insurance Risk youll lead independent second-line oversight across pension and insurance risk bringing together actuarial investment and governance expertise to support sound risk management and decision-making. Youll oversee risk monitoring stress testing reporting and effective challenge across CIBCs pension plans and insurance business while escalating material issues to senior management and relevant committees as this role youll help promote transparency in risk-return decisions support the development and oversight of risk frameworks and limits and provide insight on regulatory developments and emerging risks. Youll also work closely with partners across Risk Management Insurance Finance Treasury Human Resources CIBC Global Asset Management and external advisors. As a leader youll build team capability foster an inclusive and high-performing environment and align your teams priorities to broader business objectives.

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 2-3 days per week on-site while other days will be remote.

How youll succeed

• Lead risk oversight - Provide independent second-line oversight and effective challenge across pension and insurance risk including actuarial investment strategies capital pricing asset-liability management and regulatory considerations.

• Drive monitoring and reporting - Oversee risk modelling stress testing ongoing monitoring and reporting activities and escalate material issues and emerging concerns to senior management and relevant committees in a timely manner.

• Strengthen risk frameworks - Develop enhance and maintain risk frameworks limits and governance practices that support transparency and balanced risk-return decision-making across pension and insurance activities.

• Influence strategic decisions - Participate in business initiatives and committee discussions by providing independent review effective challenge and clear risk perspectives on key decisions affecting CIBCs pension plans and insurance business.

• Build strong partnerships - Collaborate with internal partners including Insurance Finance Treasury Human Resources CIBC Global Asset Management and external actuaries and investment consultants to support effective oversight and integrated risk management.

• Lead people and performance - Build an engaged accountable and high-performing team through clear direction coaching development opportunities timely feedback and a workplace culture grounded in CIBCs mission vision and values.

Who you are

• You bring deep actuarial and risk expertise. You have significant experience in insurance pensions actuarial science or risk management with a strong understanding of risk oversight financial markets and investment strategies.

• You can simplify complexity. Youre able to assess highly technical issues and communicate complex information clearly and effectively to a range of audiences including senior leaders and committees.

• Youre a strategic thinker. You connect related issues identify emerging risks and apply an enterprise-wide perspective to support informed and balanced decision-making.

• Youre an experienced people leader. You know how to build capability create accountability and support high performance while fostering an inclusive collaborative team environment.

• You have the right credentials. You have a university degree in Actuarial Science Business Finance Risk Management or a related field and you bring at least 10 years of relevant experience. A Fellow of the Canadian Institute of Actuaries (FCIA) or Fellow of the Society of Actuaries (FSA) designation is preferred.

• Values matter to you. You bring your real self to work and you live our values - trust teamwork and accountability.

#L1-TA

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 Continuous Improvement Techniques Decision Making Long Term Planning Market Risk Market Risk Analysis People Management Regulatory Requirements Risk Management Framework

Required Experience:

Exec

Experience: years
Vacancy: 1