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BUSINESS UNIT DESCRIPTION

Treasury’s mandate is to actively manage CIBC’s Balance Sheet capital and funding resources, as well as structural interest rate, liquidity, and FX risks in support of our bank’s strategy.  Treasury is an independent advisor to our operating businesses in the analytical pricing of products and strategies and has the accountability for establishing a value-added integrated fixed income investment management programs optimized to support CIBC’s Treasury management objectives. 

Treasury’s active responsibilities include:

Liquidity risk management, cash management and related settlement system risks; Collateral management across the group and with external entities and clearing corporations; Sourcing and execution of cost efficient funding of the Bank’s balance sheet within the constraints of liquidity, balance sheet, market and concentration limits; Optimization of the capital structure within the constraints of regulatory requirements, flexibility and cost effectiveness to support strategic business plans; The creation and maintenance of a transparent and effective funds transfer pricing model; Development and implementation of a bank-wide balance sheet strategy aligned with the corporate strategy, including initiatives to drive balance sheet optimization Measurement and management of balance sheet structural interest rate and FX risk; Management of regulatory, central bank, government, industry and investor relations related to capital instruments, financing vehicles and treasury related financial system risks.

JOB PURPOSE

Ensure effective funding within the region. Deliver effective liquidity, funding and cash management and prepare liquidity reporting as well as preparing management information packs.

KEY ACCOUNTABILITIES

The key accountabilities of the role include:

REGULATORY COMPLIANCE

Ensure compliance with; local statutory liquidity regulations across the region (Australia and Asia Pacific) to maintain a comprehensive Treasury risk management framework, including periodic reviews of various policies such as:LCR maintenance and HQLA management (including effective operation of the ESA account);Regional liquidity and funding policiesLiquidity Stress testingContingent Funding and Recovery Planning;

FUNDING AND LIQUIDITY MANAGEMENT

Ensuring that the bank’s cash/nostro accounts are effectively managed, thus maximizing utilization of fundsSupport the Head of Funding and Liquidity Australia to raise funding through wholesale markets, while maintaining required regulatory liquidity levels.Execute Treasury products in a cost effective manner to ensure local requirements and risk parameters are fulfilledNCD & Money market instrumentsFX Spot, FX Swaps and FX ArbitrageInterest Rate and Cross Currency SwapsRepoHQLA Bond and Bill purchasesContinuous development the investor base to diversify funding sources and enhance liquidity position for the Bank while avoiding concentration risk. This includes:Direct client interaction – electronic and phone communicationClient roadshows, conferences and presentationsEstablish highly effective broker-dealer relationshipsAssist in analysing, setting up and executing funding strategy in conjunction with Treasury partners, including Long Term Debt Issuance – FRNs / Covered Bonds and other intercompany loansManaging the investments of the HQLA books (Government bonds) whilst solving for maximizing returns whilst maintaining high levels of liquidity.

OTHER

Managing the interest rate and FX risk levels of TreasuryManaging local currency FTP rates and provide analysis and advice in relation to the usage of liquidity and associated transfer pricing implications for all aspects of the businessMaintain enhanced Treasury Management Information reports and presentations.

CROSS-FUNCTIONAL RELATIONSHIPS

The incumbent will have daily interaction with staff in Funding Liquidity Management (FLM) function, Risk management and frequent contact with senior staff in Middle Office, Finance and Business Management.

AUTHORITIES/COMPLIANCE REQUIREMENTS

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.Discharge all duties in accordance with the FAR Regime (Australia)

KNOWLEDGE AND SKILLS

Investment / commercial banking background with knowledge of cash and liquidity management, position keeping and settlement procedures, minimum 2 years’ experience;Demonstrated local knowledge of Regulatory Rules and Regulations as well as relevant KYC/AML requirements related to Treasury.Strong EXCEL and PowerPoint skills (VBA skills preferred).Knowledge of investment products (e.g. Bonds, Equities, FX, Money Markets, Interest Rate Swaps, etc.);Ability to analyze transactions for the impact of cash flows and the General Ledger;Numerate, accurate, with the ability to work under pressure to tight deadlines;Self-motivated with ability to take initiative and work efficiently with limited supervision;Willing and able to learn new skills;Advanced team, consensus and relationship building skills Conscientious, with willingness to work additional hours where necessary.

WORKING CONDITIONS

This role operates within a normal office environment with little exposure to adverse working conditions;This role may need to work remotely (from home) from time to time;Work pressures caused by concentration on analytical work, conflicting priorities and project timelines can be significant in this type of role.Some out of hours work requirements will occasionally be present given a Global Bank environment with multiple time zone challenges.

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.comYou 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

1 Macquarie Place,Suite4501

Employment Type

Regular

Weekly Hours

38

Skills

Corporate Treasury, Finance, Financial Reporting and Analysis, Funding, Liquidity Management, Management Reporting, Operations Processes, Strategic Objectives