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 an Executive Director, Global Markets Central Funding Group (CFG), you will be responsible on behalf of Global Markets (GM) for bringing in alternative sources of funding. As an active leader of the decision making process, you will work with Businesses, Clients, Sales/Distribution, Risk, Treasury and other Stakeholders in the development of alternative funding strategies and trade opportunities. You will be part of a global team of dynamic, hardworking, production focused team players based in Toronto, NY and London. The successful candidate will help to build and manage a CFG platform to focus on liability management activities, including collateral management, liquidity, risk management and driving technology projects designed to support the expanded CFG platform
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 successful candidate will be accountable for the following core responsibilities
Develop and implement a framework for managing all aspects of funding across GM
This will include working with Treasury on internal funding availability and managing internal and external constraints
Work with Securities Lending/Global Credit Finance (GCF)/Sales/Distribution to develop sources of external funding and increase the use of self-financing alternatives. Build a global diversified client base of funding liquidity providers, i.e. banks, pension funds, asset managers
Responsibilities include building and enhancing internal funding capabilities and relevant risk policies, coordinating activities with Treasury to ensure compliance with all internal and external regulatory framework requirements
Relationships with all stakeholders, Tax, Accounting, Operations, Compliance, Legal, Technology, etc
Work with senior leaders to build processes for specific funding and promote fair and transparent allocation of resources, strengthening the platform for continued growth. Develop allocation model for benefits/costs to GM (FTP framework)
Ensure CFG’s build out of enhanced funding capabilities are managed through the Bank’s Change Initiative Risk Assessment (CIRA) and the Capital Markets Operating Committee (CMOC)
Work in the spirit of transparency and collaboration with our partners in Capital Markets Risk and Treasury
Work effectively within CIBC’s corporate governance practices and policies to ensure all potential risks are appropriately addressed and that CIBC legal/reputational issues and shareholder objectives are covered
Negotiating efficiency of Tri-Party platforms, lead technology requirements for improving and optimizing collateral allocations at Tri-Party agents and ensure that partners in Treasury are receiving the correct liquidity reporting
ABCP/Conduit management for funding with in Treasury’s liquidity framework
Management of Liquidity/Credit Risk Limits for CFG
Cross currency and Interest Rate Risk management
Contingent Funding risk mitigation
Work with operations to optimize assets for all collateral purposes
Ensure correct booking/pricing economics for financing transactions agreed and booked by Securities Lending/GCF
Point person to work with PSG on client financing needs and provide financing axes to Securities Lending/GCF
Work with teams across Global Markets to improve data analytics, resource reporting and infrastructure projects
Who You Are
Would have minimum (10+ years) experience in Capital Markets with a focus on funding, financing and collateral markets
Have detailed experience of repo, securities lending, ABCP, synthetic and tri-party custodial arrangements
Have a broad knowledge of funding markets, strategies and opportunities across asset class, i.e. Prime Brokerage and Structured Credit
Understanding of regulatory capital, funding and liquidity metrics (RWA, Leverage, LCR, NSFR) and their application to structuring financing transactions
Have a risk mindsight, encompassing Liquidity, Credit and Market risk.
Strategic thinking capability with ability to identify trends and exploit opportunities
Advanced communication skills across business lines
Attention to detail, ability to analyze vast amounts of data
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of USD$250,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
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*, 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 Mailbox.careers-carrieres@cibc.com
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 tests (such as simulation, coding, MS Office). 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
NY-300 Madison Ave., 5th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Capital Markets, Customer Engagement, Finance, Financial Modeling, Global Market, Investments, Leadership, Market Trading, Process Improvements, Researching, Solution Strategies
