Director, Trading Credit Risk [Regions]
CIBC
London, GBR
4d ago

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

KEY ACCOUNTABILITIES

Charged with working with the broader CMRM Trading Credit Risk Team in London, Hong Kong and Toronto to understand, analyze and present the counterparty and credit risk associated with the European Wholesale Trading business and to support local CRO for risk requirements.

Responsible for managing the following activities :

  • Credit and transaction adjudication under terms and conditions of signed Delegated Credit Approval Authorities.
  • Measure and understand drivers in counterparty credit risk exposure.
  • Understand and explain wider issues that could impact the risk profile of the trading floor. Examples could include changes to regulation and hence impacts to credit risk capital.
  • Review and perform additional analysis on credits underwritten and presented to the CMRM group by Financial Institutions and Public Sector (FPS) Europe.
  • Work with operational risk to review credit risk excesses for European monitored credits.
  • Performing ongoing portfolio monitoring on European counterparty credits.
  • Update senior management on creditworthy and regulatory breaking news and credit exposures of credits monitored in Europe,
  • Fulfil ISO requirements.
  • CROSS-FUNCTIONAL RELATIONSHIPS

  • Work in a matrix environment with CIBC business leaders and Senior Management in the Europe, UK, and Canada.
  • COMPLIANCE REQUIREMENTS / RESPONSIBILITIES

  • As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, guidelines and controls.
  • AUTHORITIES / DECISION RIGHTS

  • The delegated authority is documented in the incumbent’s Delegated Credit Approval Authorities (DCAA) and is reviewed annually.
  • KNOWLEDGE AND SKILLS

  • Strong understanding of Bank, Sovereign, Fund counterparty balance sheet analysis.
  • Minimum 5 years counterparty and credit risk experience preferably with Delegated Limit Authorities and exposure to Bank, Sovereign and Asset Manager adjudication.
  • Good knowledge of markets, traded cash and derivative products and derivative credit risk exposure calculation concepts.
  • Degree educated, with a minimum of 5 years’ experience in capital markets activities.
  • Ability to give a pragmatic, risk based decision under pressure. Needs to deal with complex and demanding decisions and interactions.
  • Ability to explain complex concepts to a wider audience who may not be subject matter experts.
  • Drive and enthusiasm to enhance regional specific credit risk management to best practice. Ability to work with, and to leverage off, business and infrastructure groups to deliver results
  • WORKING CONDITIONS

  • This role operates within a normal office environment with little exposure to adverse working 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
  • Job Location

    150 Cheapside, London, UK

    Skills

    Report this job
    checkmark

    Thank you for reporting this job!

    Your feedback will help us improve the quality of our services.

    Apply
    My Email
    By clicking on "Continue", I give neuvoo consent to process my data and to send me email alerts, as detailed in neuvoo's Privacy Policy . I may withdraw my consent or unsubscribe at any time.
    Continue
    Application form