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Senior Risk Manager, Trading Market Risk, Global Equities

3 hours ago


Toronto, Ontario, Canada CIBC Full time

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

What you'll be doing

As a Senior Risk Manager, Trading Market Risk in Capital Markets Risk Management, you will be managing market risk and providing risk oversight with the focus on the Equity Derivative trading desks. Your key responsibilities include understanding the desk trading and hedge strategies, providing the effective risk challenges to the trading desk, daily & periodical position/risk monitoring and PnL/risk/Capital explain on the change and risk drivers. and proactively monitoring the markets to anticipate the potential risk impact.

You will assist the Senior Director, Trading Market Risk and collaborate with other risk managers in delivering timely and accurate risk and product analysis to the senior management team. You will provide leadership in the risk measurement enhancement projects including internal risk measurement and FRTB Capital risk measures for your respective business line. You will work closely with partners in Capital Markets Risk, Capital Markets (Traders), Technology and Finance to ensure sound risk management and measurement, efficient communication and to assist on process enhancements. Furthermore, you will work closely with Quantitative Risk Management to identify the issues with the risk models and continuously enhance existing models. You will also utilize your solid quantitative, database and coding skills to streamline and automate the risk oversight process/reports and perform ad-hoc risk analysis.

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

How you'll succeed

  • Problem solving and communication - You will ensure effective and timely communication of the desk PnL and risk change explain, closely monitor the desk trading activities and limit utilization, in doing so help limit CIBC's exposure to these risk factors.
  • Provide effective challenges to Trading Desks: Provide effective challenges to the respective trading desks' business strategies and risk management practices. Proactively identify key market risk factors/indicators and monitor risk metrics for the trading desks.
  • Relationship building - Develop excellent relationships with various Capital Markets groups – Traders, Sales, Marketers, Quantitative Analysts, Finance, Market Risk Solutions, and Limit Monitoring Group. Maintain clear and concise lines of communication which each stakeholder group as a 2nd line of defense.
  • Continuous development of domain knowledge - Maintain and utilize your expertise of Capital Markets activities and products, valuation & risk models, and risk sensitivities focusing on FX and Equity derivatives. Continue to grow knowledge of Market Risk management and measurement. Keep up to date with pertinent regulatory requirements (existing and emerging), and maintain the rigorous standards for risk analysis , strategic thinking and process documentation.

Who you are

  • You can demonstrate experience . 2+ years of experience in market risk, trading, and or related risk field. You process experience and strong knowledge of capital market products especially pertaining to Equity Derivatives or other asset class derivatives a strong asset.
  • You have a degree/diploma. In Quantitative Finance, Financial Engineering, Financial Mathematics, Statistics, and/or related program.
  • You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You have programming and database skills (Python, R, SQL, and Bloomberg API, etc.) and a vision to streamline/automate the oversight process and ad-hoc risk analysis.
  • You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect, authenticity and accountability – to your team and CIBC.
  • You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
  • 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 act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results – both within our department and across the broader CMRM team.
  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
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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-
- 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., 5th

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Group Problem Solving, Market Risk, Regulatory Requirements, Reporting and Analysis, Researching, Risk Management Framework