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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

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. Assist staff with complex problems and in the resolution of difficult or complex issues. Provide regular formal (PMM) and informal feedback to ensure performance appraisals and the identification of developmental needs are fair, accurate and effectively communicated.

Regulatory and Internal Compliance - Support as a subject matter expert on Treasury infrastructure with respect to interfacing with internal Audit and or other parties as needed. Support the Senior Director on tracking and resolving in a timely fashion all relevant internal Audit and Regulatory compliance gaps with respect to liquidity and funding risks. Maintain awareness of market, regulatory and business developments and their implication to the bank’s non-trading risk exposures and measurement.  Ensure issues, risks and opportunities are identified and raised for senior management consideration and provide recommendations as appropriate. Establish training program for staff and supporting resources in other departments to ensure continuous development of knowledge and skills required for quality liquidity analyses and reporting

Who you are

You can demonstrate experience. Relevant post-secondary education (college or university degree) Comprehensive knowledge of the banking industry and products, with over 7 years relevant experience in measuring or managing interest rate risk. Experience and knowledge in CIBC financial and management accounting systems is nice to have. Understanding and knowledge, within the scope of CIBC’s parent bank, subsidiary and foreign branches

Data matters to you. Strong analytical, problem solving, communication and decision making skills. Business applications (QRM, SQL applications, Microsoft Excel, PowerPoint and Word)

Strong interpersonal skills. Advanced presentation/interactive skills sufficient to convey complex conceptual information/ideas on issues requiring extensive interpretation, objectivity &/or opinion. Attention to detail.

You look beyond the moment. You make decisions and take actions that will make a difference today and tomorrow for the programs and the Team. You proactively seek new opportunities to define what's possible.

You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.

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 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 Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Attribution Analysis, Consumer Behavior, Group Problem Solving, Leadership, Mathematics Modeling, People Management, Quantitative Analysis, Quantitative Risk Management, Risk Management, Strategic Objectives