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 (https://www.cibc.com/en/about-cibc.html) **What You’ll Be Doing** The incumbent will be responsible for ensuring that market risk for CIBC’s US Equity Derivatives business is completely captured, quantified and controlled. The role will include ad-hoc analysis of specific risks and transactions. In addition, the candidate will be expected to participate in leading group-wide projects, contributing innovative thinking and an advanced analytical approach. The incumbent will require a good understanding both of the financial markets in general, and of the analytical principles underlying the pricing and risk management of complex derivatives. This position interfaces with traders, treasury, operations, financial control, audit, technology, middle office and other departments within CMRM. The nature of the role involves making timely decisions with respect to complex risk scenarios within a dynamic, time sensitive trading room environment. 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** + Ensure there are appropriate market risk frameworks in place for US Equity Derivatives to control for market risk and that processes are in place to monitor against limits. + Maintain a continuous awareness of the risk profile of the US Equity Derivatives 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 the onboarding of new products and initiatives, including risk assessment and risk capture. + Work closely with technology and business support groups to design and improve risk models to capture risks originating from US Equity Derivatives. + Develop and enhance portfolio risk and stress testing. + Ensure compliance with all market risk regulatory requirements. + Perform User Acceptance Testing for new initiatives in methodology changes, risk measures and new programs. + Participate in 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 of and risks associated with equity and equity derivative products (options, delta 1, convertible bonds, etc.) + Demonstrated interest in markets and macro trends and the ability to assess impacts to a given risk profile. + Ability to communicate effectively with stakeholders across the firm, including traders, other risk managers and various infrastructure groups. + Familiarity with the 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 with a strong ability to articulate technical, complex issues to a variety of audiences. Excellent negotiation and mediation skills. + Undergraduate degree in a quantitative discipline preferred (Mathematics, Engineering or Computer Science) + Highly proficient Excel skills. Knowledge of Python, VBA, and/or other programming languages is a plus. + Self-motivated and flexible. Strong attention to detail. Able to work independently and as part of a team. Able to effectively manage multiple projects of varying complexity. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $122,800-$188,200 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. Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process. **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., 6th Floor **Employment Type** Regular **Weekly Hours** 40 **Skills** Analytical Thinking, Business, Business Risks, Credit Risks, Derivatives, Enterprise Risk Management (ERM), Financial Markets, Group Problem Solving, Management Reporting, Market Risk, Market Risk Management, Middle Office, Portfolio Risk, Process Improvements, Risk Framework, Risk Monitoring, Risk Reporting, Trading Risk Management At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.