Director, Limit and Product Monitoring

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

What you'll be doing

As a Director, Limit & Product Monitoring, you’ll be responsible for ensuring that our Capital Markets Risk Management (CMRM) processes and controls meet regulatory requirements and CIBC’s standards by maintaining a robust governance and controls framework. You’ll champion ongoing improvements by streamlining, simplifying, and automating workflows to reduce operational risk and make the most of our resources. Acting as a key stakeholder in the Product Onboarding Workstream (POW), you’ll help facilitate timely approvals, foster effective challenge, and promote transparency in monitoring approval conditions. Your day-to-day will involve overseeing the monitoring and reporting of risk exposures against established limits, as well as ensuring compliance with product authorities across Capital Markets and Treasury desks. You’ll develop and enhance tools and processes to address system or process limitations, collaborating with technology and other partners to implement strategic solutions. Working closely with teams within CMRM and groups such as Internal Audit and Model Validation, you’ll support departmental initiatives, including regulatory projects and infrastructure changes. Your strong background in financial markets and risk management, advanced technical skills, and exceptional communication and leadership abilities will be crucial to your success in this role.

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.

How you'll succeed

• Risk Limit and Product Monitoring and Reporting – Oversee the monitoring of daily trading activities against established limits and product authorities to ensure compliance with stipulated authorities and promptly report any excesses.

• Process Optimization - Streamline, simplify, and automate processes to reduce operational risk and improve resource allocation across the team and department.

• Product Onboarding & Monitoring Alignment - Facilitate alignment between product onboarding and product monitoring, breaking down silos to enhance collaboration.

• Documentation & Process Improvement - Enhance documentation of processes, systems, and procedures, highlighting dependencies and proposing improvements.

• Regulatory Compliance & Audit Support - Drive CMRM’s compliance with regulatory guidelines, assist with remediation of gaps, and contribute to departmental efforts to address audit findings and recommendations.

• Market Risk Hierarchy Management – Oversee, facilitate and drive changes to the Market Risk hierarchy, including testing and syndication of results.

• Cross-functional Collaboration - Work closely with colleagues within CMRM and other groups, such as Model Validation and Internal Audit, to ensure effective risk challenge and seamless transition of accountabilities.

Who you are

• You understand financial markets and products. Your strong knowledge of financial markets and the foundations of risk management enables you to provide effective risk challenge and support compliance efforts.

• You have advanced technical skills. You’re proficient in SQL, Python, PowerBI, DataBricks and comfortable working with tools like JIRA to automate and optimize processes.

• You’re a leader and a collaborator. You thrive in cross-functional environments, building relationships with colleagues across CMRM and other teams to drive collective success.

• You’re highly organized with great communication skills. Your exemplary organization and time management skills, coupled with excellent communication skills, help you manage complex projects and shifting priorities with ease.

• You have relevant education. You hold a graduate degree in a quantitative filed and hold certification (e.g., CFA, FRM)

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

#L1-TA

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 [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. 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-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Computer Programming, Financial Markets, Leadership, Market Knowledge, People Management, Performance Management (PM), Process Improvement Tools, Product Knowledge, Regulatory Compliance, Risk Control, Risk Management, Risk Policies, Team Development, Technical Knowledge