Capital Markets Business Risk & Controls Management (VP level)

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

The US Business Management group provides direct day-to-day support for CIBC’s US Capital Markets business, primarily Sales and Trading, Debt Capital Markets and Corporate and Investment Banking. The group’s primary role is to assist in achieving the mandate to be a premier client-focused global bank.

The Business Management group serves as the primary liaison between all Capital Markets Front Office teams, as well as their internal and external vendors, brokers and suppliers. The group supports the Capital Markets Front Office businesses with new initiatives and projects in an effort to drive and sustain profitability. US Business Management also strives to ensure a sound control environment and provides financial advice to support the business strategy. This role is responsible for supporting the team’s Executive Directors in all aspects of business management through proactive responsiveness to information requests and helping to resolve day-to-day service or business related issues with a primary focus on coordination of risk identification,  governance and systems administration.

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

The role will primarily be responsible for the following:

• Leading and coordinating risk identification activities across front-line staff including organizing workshop and challenge sessions, as well as inventorying/ documenting risks and mitigations on behalf of the business.

• Leading or supporting development and annual review/recalibration of line of business specific risk appetite/segment risk statements/product risk statements with a focus on emerging enterprise, credit, market, operational and strategic risks.

• Working with front-line staff and Risk Management to propose appropriate control thresholds based on any available analysis of historic, current or forecasted data.

• Working with Risk Management and Corporate Banking on annual concentration limit refresh and subsequent data exercises

• Working with Governance & Controls team to respond to attestations, management and board threshold breaches (e.g., root cause analysis, action plan and timelines to address) and provide to Risk Management for inclusion in reporting

• Identifying, reporting on; and escalating when metrics exceed control thresholds (e.g., early warning risk trigger, management risk limit, etc.)

• Championing data requirements and systems to support ongoing MIS and reporting enhancements

• Planning, scoping and executing targeted reviews in consultation with the Risk Management department

In a