New York, NY, 10176, USA
17 days ago
Director, Liquidity Risk (VP level)
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 (https://www.cibc.com/en/about-cibc.html) **What You’ll Be Doing** The Director, Liquidity Risk (VP level) supports US Capital Markets Risk Management’s oversight of liquidity risk in the US Region. The incumbent will be responsible for creating various processes, reports, and controls to monitor and analyze the management of balance sheet, funding and liquidity risks within CIBC’s U.S. operation with a focus on Capital Markets activities. In addition, the role requires articulating Liquidity Risks for senior management stakeholders through preparation and development of presentations and accompanying analysis. The role provides tremendous growth opportunities and exposure to various stakeholders including Treasury, Technology, trading desks, Finance and various lines of businesses. It also provides an opportunity to understand the workings of the entire organization from the perspective of balance sheet management. Moreover, as part of a small team, it allows the incumbent an opportunity to develop strong relationships and deep understanding of other functions within the organization. There is flexibility in the role being based in the either bank’s Chicago office or New York office. **How You’ll Succeed** + Providing independent oversight of balance sheet, funding and liquidity management activities in the U.S. operations with a focus on CIBC’s Capital Markets legal entities. + Support the development of formal review and challenge processes and documentation to support US Capital Market Risk Management’s compliance with industry standards and regulatory expectations + Create reporting processes to measure and monitor the balance sheet, funding and liquidity risk in the U.S. region by engaging with various groups within the bank and ensuring they meet internal and external quality standards and requirements. + Create and implement various control checkpoints to validate U.S. balance sheet, funding and liquidity risk reporting, and to enable errors to be identified and corrected in a timely fashion. + Investigate any issues identified in data, reporting, controls processes or other information gaps and ensuring prompt escalation of such to senior management + Report the results of review and challenge, as well as any other pertinent topics related to liquidity, to senior US or Parent management + Collaborate with business partners and various groups to ensure timely and accurate completion of deliverables to a number of internal CIBC stakeholders, including committees that span Risk, Treasury, and Business stakeholders. + Participate in various bank-wide and regional projects representing the group. **Who You Are** Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability. **You can demonstrate experience with:** + Bachelor’s degree in quantitative finance, economics, mathematics, actuarial science, computer science, engineering, or related discipline + Minimum 5 years’ experience in the insurance or financial industry, experience in Reg YY-compliant firms and broker-dealers a plus + Strong understanding of relational database and competency using Microsoft Excel, PowerPoint, SQL, and Word + Strong analytic, problem-solving, conceptualization and strategic thinking skills + Experience presenting to senior management and drafting policies or other forms of documentation + Ability to identify, analyze, and rectify project issues as they arise + Strong diagnostic skills + Comfortable working with large amounts of data + Experience and knowledge of CIBC financial and management accounting systems would be an asset. **You embrace and champion change.** You'll continuously evolve your thinking and the way you work in order to deliver your best. **Your influence makes an impact.** You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard. **You’re digitally savvy.** You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends. **You're driven by collective success.** You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of **$160,000 – 180,000** for the **New York, NY** market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members. Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process. **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*, 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, 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** NY-300 Madison Ave., 6th Floor **Employment Type** Regular **Weekly Hours** 40 **Skills** Analytical Thinking, Decision Making, Group Problem Solving, Market Risk Management, Regulatory Requirements, Reporting and Analysis, Researching, Risk Analysis, Risk Management Framework 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.
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