Director, Alm Measurement

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What you'll be doing

The Director, ALM is responsible for driving Treasury’s ALM duties including; risk measurement, commentary and explain of changes in risk measurement, insights into balance sheet trends, strategic balance sheet positioning recommendations and enabling business strategies by providing expert, sound ALM expertise to our partners and broader Treasury team. The incumbent will be strategic partners with colleagues in Treasury, Finance, Risk, and Technology to ensure that our infrastructure meets the requirements for sound ALM measurement and management. The incumbent will be required to act as the lead across these cross-functional teams on both strategic and tactical opportunities. The incumbent will require strong Treasury and ALM expertise; as well as strong leadership capabilities to deliver effective and scalable solutions to complex Treasury requirements.
- 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 1-3 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- _Infrastructure Design & Implementation
- Primary accountability for business vision enablement & future state design of interest rate risk measurement infrastructure (QRM). Ensure Business requirements encompass goals including: Legal entity views, key balance sheet insights, customer behavior and alignment of measurement with other primary measurement systems. Coordinate with stakeholders across Treasury, Risk Management and Technology partners to ensure focus on key priorities to drive consistent outcomes.- Insights and Strategy
- Working with the Senior Director ALM Measurement & Insights; ensure content for executive & committee level content is at the appropriate level for voting member and executive consumption; with insights and analysis geared towards driving decisions. Working with the Senior Director ALM Measurement & Insights; Evaluate SIRR positioning and alternatives through a variety of economic conditions and scenarios. Designing and prototyping key insightful reporting on balance sheet evolution to expose key trends and vulnerabilities in the banking book interest rate risk exposures.- Risk Measurement
- Ownership of risk measurement requirements for key SIRR systems; Including DV01’s, Earnings at Risk and Economic Value of Equity. Provide expert guidance on new product initiatives or significant changes to existing product features that impact interest rate risk repricing characteristics. Business lead for providing requirements for Interest rate risk measurement to our analytic and technology partners. Provide guidance and leadership on valuations; including appropriate curves and parameters for SIRR measurement. Where required provide oversight to Finance and Technology teams responsible for the daily production processes and investigations with a view to identifying root causes and actively maintaining the inventory of backlogged work items for further prioritization.- Decompositions and Explains
- Actively lead efforts to ensure committee package includes useful analysis and reporting that promotes effective decision-making, on-going evaluation of risk and management strategies, and insights on emerging issues. Support ad hoc reporting and data analysis necessary to investigate unexpected changes in risk (retail product flow, analysis of mortgage/GIC/deposit activity) and performance (P&L, Economic Revenue) in collaboration with Finance, Risk, and Technology teams as appropriate. Provide SME level expertise in providing requirements for risk measure explanations and decompositions for primary SIRR measures such as EVE, EAR, DV01’s including primary drivers, trends and insights. As needed, develop working prototypes for risk reporting and non-trading balance sheet risk position analysis that can be automated and/or transitioned to related teams that support regular, routine reporting. Work with our market facing desks, and ALMC voting members on providing analysis and insights into proposed positioning for medium to long term strategies.- People Management
- Lead team members in an enthusiastic manner, creating a forward thinking culture of success. Provide motivation, coaching, training and developmental opportunities to ensure employees are capable of performing at or above the necessary standards. Assis