Director, Fixed Income Market Risk Manager

What You’ll Be Doing Capital Markets Risk Management (CMRM) provides second line of defense oversight of market risk and trading credit risk stemming from the activities of CIBC’s Capital Markets, Treasury, and other subsidiaries. We partner with strategic business units to measure, monitor, and control market and credit risks, ensuring compliance with all relevant regulatory requirements. We provide assurance that risks within our mandate are properly identified, assessed, monitored, and managed across all product groups and regions, in alignment with CIBC’s Risk Appetite Statement. Role Details: Oversee CIBC’s fixed income trading activities in the US which includes Treasuries, swaps, spread products and securitized products. Ensure market risks associated with these activities are completely identified, measured, and managed. Support the development of new business initiatives and conduct ad‑hoc analyses of specific risks and transactions. Participate in leading group‑wide projects, bringing forward innovative ideas and applying advanced analytical techniques. How You’ll Succeed Ensure appropriate risk frameworks are in place to control market risk and that processes exist to monitor against limits. Maintain continuous awareness of the risk profile of the Fixed Income business and market developments that may impact the business. Provide timely and accurate market risk updates to senior management. Ensure the integrity of risk metrics and limit monitoring and resolve violations of market risk limits. Perform due diligence in onboarding new products and initiatives, including risk assessment and risk capture. Work with technology and business support groups to design and improve risk models to capture risks originating from Fixed Income trading. Develop and enhance portfolio risk and stress testing. Ensure compliance with all market risk regulatory requirements. Contribute to Enterprise Risk Management exercises and reporting. Who You Are 3+ years of market risk management experience on a trading floor. Strong understanding of the pricing and risks associated with fixed income products. Demonstrated interest in markets and the ability to proactively anticipate impacts to a given risk profile. Familiarity with methodologies and risk metrics to quantify and analyze market risks, such as VaR, Stressed VaR, Stress Testing, and risk sensitivities. Strong interpersonal and communication skills, including the ability to articulate technical, complex ideas to a variety of audiences. Excellent negotiation and mediation skills. Undergraduate degree in a quantitative discipline preferred. Highly proficient Excel skills. Knowledge of Python, VBA, and/or other programming languages is a plus. Self‑motivated and flexible. Strong attention to detail. Ability to work independently and as part of a team. Ability to effectively manage multiple projects of varying complexity. Benefits Competitive salary with an expected range of $150,000 - $190,000 for the New York, NY market based on experience, qualifications, and location. Participation in incentive compensation plan and discretionary bonus opportunities. Full range of benefits including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off, Holidays, 401(k), and additional perks. Location: New York, NY – 300 Madison Ave, 5th Floor. #J-18808-Ljbffr Dormont Manufacturing Co