Trading Market Risk Manager - Fixed Income

What you’ll be doing

We are seeking a market risk manager to oversee CIBC’s fixed income trading activities in the US which includes Treasuries, swaps, spread products and securitized products. You will be responsible for ensuring that market risks associated with these activities are completely identified, measured, and managed. Your role will also support the development of new business initiatives and involve conducting ad-hoc analyses of specific risks and transactions. In addition, you will participate in leading group-wide projects, bringing forward innovative ideas and applying advanced analytical techniques. Success in this role requires a strong understanding of financial markets and the analytical foundations of pricing and risk management for complex derivatives. You will collaborate closely with traders, treasury, operations, financial control, audit, technology, middle office, and other teams within CMRM. The position demands sound judgment and the ability to make timely decisions with respect to complex risk scenarios within a dynamic, time-sensitive trading room environment.

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 Management Frameworks - Ensure appropriate risk frameworks are in place to control market risk and that processes exist to monitor against limits.
• Business and Market Awareness - Maintain continuous awareness of the risk profile of the Fixed Income business and market developments that may impact the business.
• Timely communication - Provide timely and accurate market risk updates to senior management.
• Risk Metrics and Limit Monitoring - Ensure the integrity of risk metrics and limit monitoring and resolve violations of market risk limits.
• Product and Initiative Due Diligence - Perform due diligence in the onboarding of new products and initiatives, including risk assessment and risk capture.
• Model Development and Enhancement - Work with technology and business support groups to design and improve risk models to capture risks originating from Fixed Income trading.
• Portfolio Risk and Stress Testing - Develop and enhance portfolio risk and stress testing.
• Regulatory Compliance - Ensure compliance with all market risk regulatory requirements.
• Collaborative - Contribute to Enterprise Risk Management exercises and reporting.

Who you are

• You have market risk management experience. You have at least 3+ years of market risk management experience on a trading floor. Strong understanding of the pricing of and risks associated with fixed income products.
• You’re passionate about markets. Demonstrated interest in markets and the ability to proactively anticipate impacts to a given risk profile.
• You’re analytically minded. Familiarity with the methodologies and risk metrics to quantify and analyze market risks, such as VaR, Stressed VaR, Stress Testing and risk sensitivities.
• You’re an effective communicator. Strong interpersonal and communication skills including the ability to articulate technical, complex ideas to a variety of audiences. Excellent negotiation and mediation skills.
• You have a quantitative background. Undergraduate degree in a quantitative discipline preferred. Highly proficient Excel skills. Knowledge of Python, VBA, and/or other programming languages is a plus.
• You’re adaptable and detail-oriented. Strong attention to detail. Able to work independently and as part of a team. Able to effectively manage multiple projects of varying complexity.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

Pay Transparency

The expected annualized base salary range for this role is $115,000 to $130,000.