Director/Executive Director, Commodities Risk Manager

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What You’ll Be Doing

The incumbent will, as his/her prime role, play an important part in ensuring that market risk for CIBC’s global commodities trading desk is completely captured, quantified and controlled. The role will provide independent oversight of market risks for the products traded by the global commodities desk which includes energy (crude oil, natural gas), metals (precious, base), agriculture, commodity index and environmental products. The role will include ad-hoc analysis of specific risks and transactions.

In addition, the candidate will be expected to participate in leading group-wide projects, contributing innovative thinking and an advanced analytical approach. The incumbent will require a good understanding both financial markets in general as well as the analytical principles underlying the pricing and risk management of complex derivatives. This position interfaces with traders, treasury, operations, financial control, audit, technology, middle office and other departments within Capital Markets Risk Management (CMRM).

The nature of the role involves making timely decisions with respect to complex risk scenarios in a high stress, time sensitive trading room environment.       

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Analyze and report on the risk profile of the commodities business, maintaining a continuous awareness of issues affecting the risk management of these markets.

• Recommend appropriate risk limits and ensure processes are in place to monitor against limits.  Review that the line of business activities fall within pre-established boundaries and expectations or concerns are escalated for management review.

• Ensure the integrity or risk measurements and limit monitoring, resolve violations of market and credit risk limits and monitor linkage of trading P&L to risk appetite. Review market risk limits on an ongoing basis.

• Work with infrastructure partners in the onboarding of new products or initiatives, including risk assessment and capture.

• Work closely with different parts of CMRM to facilitate effective dissemination of timely and accurate market risk information to senior management.

• Work closely with technology and business support groups in ensuring continued development of comprehensive risk capture processes, taking a lead role in ensuring the integrity of market and risk data.

• Perform User Acceptance Testing for new initiatives in methodology changes, risk measures and new programs.

• Work closely with CMRM quantitative analysts to develop/enhance portfolio risk and stress test modelin