Director, Trading Credit Risk

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 with the Corporate and Private Credit Risk team, you will report to the Senior Director, Trading Credit Risk (TCR), and manage a portfolio of non-Bank Financial Institutions (funds, insurance companies, finance companies etc.). This role will have a focus on Fund Finance, particularly capital call/subscription lending and NAV-based facilities, and will work in partnership with Corporate & Commercial Banking deal teams to understand business requirements and assist in the appropriate structuring of facilities.  You will work in a fast-paced and dynamic team environment where time pressures demand quick response, and sharing of skills and knowledge is critical. You will be responsible for the adjudication and authorization of new, increased, renewed or amended credits within delegated lending limits, assist in the preparation of portfolio-wide and transaction-specific analyses, and provide recommendations and strategies to senior leaders. You will be managing a portfolio daily that includes clients across Canada, the US and Europe.

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 2-3 days per week on-site, while other days will be remote.  

How you’ll succeed

• Develop strong relationships and work collaboratively with line of business partners
• Utilize your high level of knowledge of Financial Institutions sector and provide advice to Risk leadership on relevant matters.  Strong emphasis is to be provided for lending facilities and trading credit transactions covering Global Markets business units (including Foreign Exchange, Interest Rates, Equity Financing, and complex lending structures).
• Provide constructive advice and guidance to relationship managers on credit transactions as appropriate, within CIBC’s credit policies and guidelines and CIBC’s risk appetite
• Demonstrate a keen understanding of current and developing regulatory issues, as well as CIBC credit policies, guidelines and procedures
• Effectively utilize CIBC risk rating methodologies to ensure an objective and accurate assessment of risk in credit transactions
• Provide consulting and assistance as a subject matter expert to influence the development, implementation and management of policies and programs related to the sector(s) covered

Who you are

• You can demonstrate experience in analyzing financial statements in order to assess credit risks utilizing strong analytical skills. You should have strong knowledge of, and experience in dealing with, the credit risks associated with Fund Finance lending, as well as various trading room products including derivatives and financing products.
• You bring at least 5 years of experience in trading credit risk, including strong knowledge of credit risk frameworks, counterparty exposure, and risk oversight in a trading environment.
• You possess strong oral and written communication skills to effectively communicate complicated concepts and financial data to senior management, have advanced technical skills including Excel and other Microsoft Office products, and well-developed decision-making and interpersonal skills to communicate effectively with a variety of stakeholders with different priorities.
• You can demonstrate experience in managing large corporate credit deals, and possess superior analytical skills and effective communication.
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You love to learn. You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve.
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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-161 Bay St., 10th

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Credit Adjudication, Credit Risks, Financial Markets, Group Problem Solving, Leadership, Long Term Planning, Risk Monitoring, Risk Reporting, Trading Risk Management