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STRATEGIC BUSINESS UNIT DESCRIPTION

In support of CIBC’s core purpose: to make our clients’ ambitions a reality, Risk Management is accountable for the independent oversight of risk management inherent to CIBC’s transactions and activities. These risks include but are not limited to ensuring effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s businesses, functional and corporate governance groups.

JOB PURPOSE

The Trading Credit Risk Executive Director II, Europe & APAC Region role is responsible for independent second line oversight of counterparty credit risk associated with various Global Credit Financing (GCF) businesses in the Europe & APAC region. The responsibilities of the role include working with a team of counterparty credit risk managers globally to measure, assess and cover credit risk as it relates to CIBC’s Global Collateral Financing (GCF) business lines, and assist in credit coverage for trading desks and prime services as needed. The GCF business line globally provides solutions to clients spanning multiple products and asset types, including repo (credit, sovereign, SRT), warehouse financing (CLO, MBS, SRT, ABS, Private Credit), Arranging (CLO, ABS), and other forms of securitization.

KEY ACCOUNTABILITIES

• To direct development of processes for the measurement and monitoring of counterparty credit risks in GCF business lines in Europe & APAC including maintaining the GCF framework as it applies to the Europe & APAC Region.
• Adjudicate individual credits and transactions, and present reviews and justification to senior management.
• Adjudicating GCF Credit transactions requires an understanding of the underlying asset type and its performance characteristics, analysing deal structures to ensure prudent mitigation and de-leveraging as required, meeting with and conducting due-diligence to grade counterparties for their processes around origination, loan management, loss mitigation.
• Maintain adequate processes for the reporting and analysis of deal and counterparty credit/specific risks, ensuring that appropriate limit structures are in place, that traders/salespersons transact business within approved limits, and that limit exceptions are monitored and cleared or approved.
• Prepare ad hoc reports/analysis as market developments, positions, Europe & APAC regulators or CIBC executives require.
• Ensure they are at all times fully aware of all of the risks of the business they are accountable for and that they are actively following the markets and the observed and potential future impact market conditions and positions have and may have on the P&L of those businesses.
• Proactively develop requirements and procedures for the evolution of risk measurement and monitoring as the business develops new products and as the market changes. Partner with Quantitative Risk and Market Risk Solutions teams as appropriate in the development and implementation of methodological/analytical improvements
• Act as the focal point for all audits and examinations, internal and external, relating to counterparty credit risk for the GCF business, specific and contingent credit risks in the relevant businesses.
• Educate and explain evolving risk methodologies to ensure buy-in from business leadership and individual traders.
• Ensure that the business leadership perceive the GCF Traded Credit Risk group as added value to their businesses.
• Participate in the establishment of the vision, long term strategic direction, objectives and plans for Capital Markets Risk Management, assuming responsibility for group-wide projects as required.

• Ensure that all delegated roles, responsibilities and accountabilities are defined and understood.
• Provide visible leadership, create team spirit and champion CIBC’s values, strategies and core programs – as guided by the CIBC CRO’s current GPS scorecard
• As required, ensure that managers are administering CIBC’s human resources programs appropriately and that competent staff are recruited, retained, developed, trained and rewarded fairly.
• Provide value by visiting clients and presenting and assessing culture risk associated with said clients.

KNOWLEDGE AND SKILLS

• 10+ years or experience managing and adjudicating credit risk for collateralized and structured credit transactions covering various asset types as underlying, such as loan warehouses, secured lending, non-recourse transactions, repo and reverse repo of structured credit, Significant Risk Transfer (SRT) transactions, etc.
• Solid understanding of collateral and security requirements in various jurisdictions e.g. UK and Europe.
• Proven record of working with risk and business colleagues to challenge deal structures and propose acceptable mitigation measures to transaction risk issues.
• In-depth knowledge of capital markets financial instruments.
• Strong analytical and quantitative skillset.

WORKING CONDITIONS

·This role operates within a normal office environment.

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

Employment Type

Regular

Weekly Hours

35

Skills

Accountability, Accountability, Analytical Thinking, Business, Business Finance, Capital Markets, Conducting Due Diligence, Corporate Governance, Counterparty Credit Risk (CCR), Credit, Credit Card Processing, Credit Risks, Due Diligence, Financial Instruments, Financial Markets, Group Problem Solving, Human Resources (HR), Leadership, Legal Practices, Liquidity Risk, Loan, Long Term Planning, Market Risk, Meeting Organization, People Management {+ 6 more}