Senior Manager, Trading Credit Risk

Location: Toronto, ON, Canada; work arrangement includes on-site and remote work, with proportions discussed during the interview

Company

CIBC is a relationship-oriented bank serving clients through Corporate Banking and Capital Markets businesses.

What you will do

• Adjudicate credit applications and recommend approvals for trading facilities supporting Capital Markets.
• Monitor credit quality and global credit exposure across a portfolio of trading relationships and accounts.
• Assess credit risks associated with OTC derivatives, securities financing, equity margin, and prime brokerage margin loans.
• Advise Corporate Banking relationship managers and other bank functions on derivative and financing facility risks.
• Research new and existing products, develop risk mitigation strategies, and recommend policies to senior management.
• Work with documentation personnel and Legal to improve processes for legal issues related to derivatives and financing products.

Requirements

• Experience analyzing financial statements and assessing credit risk using strong analytical skills.
• Knowledge of credit risks associated with trading-room products, including derivatives and financing products.
• Strong written and oral communication skills for explaining complex financial concepts and data to senior management.
• Advanced skills in Excel and other Microsoft Office products, alongside strong decision-making and interpersonal skills.
• Must be legally eligible to work in Canada and hold a valid work or study permit where applicable.

Culture & Benefits

• Competitive salary, incentive pay, banking benefits, and a benefits program.
• Defined benefit pension plan, employee share purchase plan, vacation, and wellbeing support.
• Recognition through a social, points-based program and a paid Purpose Day for personal growth and development.
• Inclusive workplace with accessible candidate support and opportunities for professional development.

Hiring process

• Recruitment may include an attribute-based assessment and skills tests, such as simulations, coding, or French proficiency assessments.
• Artificial intelligence tools may be used during the recruitment process.