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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.

- 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.
- Proactively monitoring the markets to anticipate the potential risk impact.
- Assisting the Director, Trading Market Risk and collaborating with other risk managers in delivering timely and accurate risk and product analysis to the senior management team.
- Providing leadership in the risk measurement enhancement projects including internal risk measurement and FRTB Capital risk measures for your respective business line.
- Working 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.
- Working closely with Quantitative Risk Management to identify the issues with the risk models and continuously enhance existing models.
- Utilizing 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

- Ensuring effective and timely communication of the desk PnL and risk change explain.




- Monitoring the desk trading activities and limit utilisation to help limit CIBC’s exposure to these risk factors.
- Providing effective challenges to the respective trading desks’ business strategies and risk management practices.
- Proactively identifying key market risk factors/indicators and monitoring risk metrics for the trading desks.

Relationship building

- Developing excellent relationships with various Capital Markets groups – Traders, Sales, Marketers, Quantitative Analysts, Finance, Market Risk Solutions, and Limit Monitoring Group.
- Maintaining clear and concise lines of communication with each stakeholder group as a 2nd line of defense.

Continuous development of domain knowledge

- Maintaining and utilizing expertise of Capital Markets activities and products, valuation & risk models, and risk sensitivities focusing on Equity derivatives.
- Continuing to grow knowledge of Market Risk management and measurement.
- Keeping up to date with pertinent regulatory requirements (existing and emerging) and maintaining rigorous standards for risk analysis, strategic thinking and process documentation.

Who you are

- 3+ years of experience in market risk, trading, and/or related risk field.
- Strong knowledge of capital market products especially pertaining to Equity Derivatives.
- Degree/diploma in Quantitative Finance, Financial Engineering, Financial Mathematics, Statistics, or related program.
- Digital savviness with cutting-edge solutions and evolving technologies.
- Programming and database skills (Python, R, SQL, Bloomberg API, etc.) and a vision to streamline/automate the oversight process and ad-hoc risk analysis.
- Passionate about people, relationships, diverse network, trust, authenticity, and accountability.
- Vision to give meaning to data and investigate complex problems.




- Strong communication and critical thinking skills.
- Ownership and drive to take the lead and deliver results.
- Values trust, teamwork, and accountability.

What CIBC Offers

- 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.
- Defining essential benefits program terms and conditions* applied to plan and program.
- Market-competitive salary and incentive pay (as above).

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 [email protected]. CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process.

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

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 setting committed to our clients, employees and communities - a place where you can excel. Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.

📌 Senior Risk Manager, Trading Market Risk - Global Equities (Toronto)
🏢 Canadian Imperial Bank of Commerce
📍 Toronto