Senior Director, Regulatory Advisory

Senior Director, Regulatory Advisory page is loaded Senior Director, Regulatory Advisory Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id 2411030

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 Treasury actively manages balance sheet resources (capital, funding and investments), as well as balance sheet risks (interest rate, liquidity and foreign exchange) in support of our bank’s strategy. We are an independent advisor to our operating businesses in the analytical pricing of products and strategies.

Treasury also manages regulatory, central bank, government, industry and investor relations related to capital and funding instruments, balance sheet regulation, and treasury related financial system risks.

Treasury’s active responsibilities include:

• Liquidity risk management, cash management and related settlement system risks;
• Collateral management and funding oversight at Central Banks, Nostro correspondents and designated Financial Market Infrastructure
• Funding the Bank’s balance sheet through sourcing and execution of cost efficient funding
• Capital planning and management in support of our strategic business plans
• Balance sheet strategy
• Funds transfer pricing (FTP)
• Structural Interest Rate Risk (SIRR) and FX risk
• Investment Management of High Quality Liquid Assets (HQLA):
• Pension investment management, leading the overall strategy, portfolio construction, investment mandate recommendations, performance and risk monitoring and investment operations.

Reporting to the VP, Treasury, Funding, Liquidity and Financial Crisis Management, the Senior Director, Treasury, Regulatory Advisory is accountable for the design, development, management and delivery of regulatory initiatives and deliverables. The incumbent will work closely with internal and external stakeholders to ensure all regulatory requirements impacting Treasury and more specifically liquidity are met. The incumbent will have strong business acumen and superior financial analytics and be able to assess complex business issues.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3-4 days per week on-site, while other days will be remote. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Analysis- Conduct robust regulatory gap analyses and develop remediation plans to address identified deficiencies with accountability for tracking and resolving in a timely fashion
• Collaboration- Drive cross-functional collaboration to implement regulatory requirements, including data collection, reporting and documentation, including coordination with other Treasury, Risk Management and internal counterparts
• Team Leadership- Lead and mentor a team of regulatory experts, providing guidance on interpreting and implementing liquidity rules
• Stakeholder Relationship- Participate in internal and external committees, including CBA specialist groups, in the subjects of liquidity management, often meeting with regulators and peer institutions to design requirements. Liaise with Regulators to ensure understanding of and comfort with CIBC’s liquidity measurement process and approach, and to provide consultative input on development of liquidity assessment models
• Subject Matter Expert- Accountability and subject matter expertise for Enterprise Wide Stress Testing, and Macro Stress Testing plans. Work closely with internal stakeholders on designing requirements and leading team members on the scenario outputs. Manage responses to liquidity and other Treasury related inquiries and coordinate / monitor regulatory audits and examinations
• Continuous Improvement- Foster an environment of continuous improvement geared towards automating and simplifying processes using a variety of tools, such as Microsoft Power BI, to reduce operational burden and increase capacity of the overall team
• Project Management - Utilize project management skills to effectively plan, execute, and monitor internal / regulatory deliverables ensuring timely completion

Who You Are

• You're driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
• 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 can demonstrate well-developed writing skills sufficient to creatively and precisely articulate ideas and opinions that involve analysis, interpretation, and assessment. Excellent, written and oral communication skills together with strong presentation skills. Excellent understanding of the Canadian and US banking industry. In-depth understanding of sector trends, opportunities and challenges
• A minimum of 10 years’ experience in Banking preferably in a Treasury, Finance or Risk role. Strong mature personality with ability to comprehend and interpret complex requirements, to translate these into practical steps and to organize and direct their implementation.
• Comprehensive knowledge of Basel III standards in relation to key liquidity reporting metrics: Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Net Cumulative Cash Flow (NCCF). Excellent written and communication skills and extensive experience preparing high quality presentations for senior executives
• You have a degree/professional qualification in Finance, Math, or accounting related fields (CA, CFA, FRM, MBA)
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability. Ability to build great relationships, influence and work with others in the department and in cross-functional teams

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 Mailbox.careers-carrieres@cibc.com

• 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, French proficiency, 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

Toronto-161 Bay St., 11th

Employment Type

Regular

Weekly Hours

37.5

Skills

Financial Analysis, Leadership, Liability Management, Liquidity Management, People Management, Planning Process, Project Management, Risk Measurement

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 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us. #J-18808-Ljbffr

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