Senior Manager, Operational Risk Management – Capital Markets (Secondment/Contract)

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 Global Operational Risk Management Portfolio Management groups act as a 2nd line of defense, ensuring that the bank's operational risk and control frameworks, policies, standards and procedures are understood and used effectively to manage operational risk. This includes working with assigned lines of businesses to identify, measure, monitor and mitigate operational risk. As the Senior Manager, Operational Risk Management - Capital Markets, you’ll ensure specific coverage of Core Capital Markets functions including Global Markets, Investment Banking, Corporate Banking as well as Capital Markets Risk Management (Market, Liquidity and Credit Risk). You’ll also work with the Senior Director on the team’s contributions to senior management reporting, including but not limited to regular operational risk reporting presented to various risk governance committees and internal reporting on key elements of operational risk presented to the VP.

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 1-3 days per week on-site, while other days will be remote.

How you'll succeed

• Advisory support and independent challenge - Collaborate with partners in your assigned business and subject matter experts (SMEs) across the 1st line of defense (1LOD) and the 2LOD to ensure Risk Management’s operational risk is appropriately identified/assessed, monitored/measured and mitigated. Be able to demonstrate the qualities of being a pragmatic and solutions-oriented individual.

• Building partnerships and communicate effectively - Build effective working relationships with partners in your assigned business as well as SMEs in both the 1LOD and 2LOD. Form a broad range of contacts and healthy working relations with your peers and other governance teams within CIBC.

• Collaborate - Work with internal and external partners to support creation, production and distribution of operational risk reporting to senior management committees. Identify opportunities to streamline the collection and dissemination of information as well as work with other reporting teams across CIBC to avoid reporting conflicting or duplicative information.

• Risk Reporting – The core requirement of this role is to develop, facilitate, and execute periodic operational risk reporting for the portfolio, which includes Capital Markets, Treasury, Finance, Risk Management and other infrastructure functions.  You will also be required to define reporting automation, as applicable, to make current reporting process more efficient and timely.

• Risk Commentary – This role is also expected to be able to examine risk performance data and independently produce detailed written commentary for a variety of audiences, including senior executives, Risk forums, peer groups (e.g., ERM, Internal Audit, Compliance), external stakeholders (e.g., regulators).

• Proactive Oversight – Identify material and emerging risks through proactive monitoring of Key Risk Indicators and External Events, utilizing industry knowledge and professional networks, as appropriate.  Effectively communicate areas or concern to ensure appropriate risk mitigation actions are taken.

• Partnership – Build effective working relationships with assigned businesses as well as control groups and other risk associates.  Add value to business partners by providing advice on the management of operational risk and controls, including risk mitigation strategies.  Promote a ‘controls and operational risk culture’, which includes managing senior internal relationships to promote acceptance and implementation of operational risk and control framework programs. Advanced skills in influencing without authority and creating necessary urgency in stakeholders critical to timely reporting.

Who you are

• You can demonstrate experience in Risk Management and/or other relevant areas including risk governance, controls and compliance; and have experience with one or more areas of the bank’s key risk functions including credit risk, market risk, anti-money laundering/anti-terrorist financing. It’s an asset if you have experience from areas that this role supports including Global Markets, Investment Banking, Corporate Banking, Capital Markets Risk Management or You have current accreditation and good standing in FRM.

• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

• You love to learn. You're passionate about growing your knowledge. You have a strong sense of curiosity.

• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

#L1-TA

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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.

*Subject to 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.

Expected End Date

2028-01-07

Job Location

Toronto-81 Bay, 31st Floor

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Analytical Thinking, Control Frameworks, Decision Making, Group Problem Solving, Operation Risk Management, Risk Analytics, Risk Assessments, Risk Governance