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

The Director, Treasury Retail Option Analytics plays a critical role in shaping the bank’s management of consumer behavioural risk.  This is a unique opportunity that involves leadership and development of the Treasury Analytics functions and expansion of mandates. 

As Director, you will be responsible for driving strategic insights, identifying and analyzing key risk drivers within retail products, and ensuring that retail risk modeling is effectively translated into actionable business and technology initiatives.  This position demands a strong foundation in interest rate derivatives valuation and market risk concepts relevant to retail banking.

Success in this role requires strong critical thinking skills and the ability to analyze complex issues directly with hands-on involvement in analytics development and execution.  Additionally, the Director must be effective at communicating complex ideas to senior management and business partners, ensuring that analytical insights support informed decision-making and meaningful organizational improvements.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

How You’ll Succeed

Financial / Interest Rate Derivative Analytics –  Lead the design and implementation of advanced analytics and methodologies for risk representation and funds transfer pricing of retail products. Take ownership of developing robust pricing and risk analytics that ensure all practical hedge-able risks are identified and managed. Lead initiatives to prototype pricing and hedging strategies for fixed income derivatives.  Apply your knowledge of interest rate derivatives (e.g., swaps and swaptions) valuation and market risk concepts to retail banking products.

Consumer Behavioural and Quantitative Analysis - Apply advanced customer behaviour modeling techniques (e.g. GLM, survival analysis) to support Treasury Analytics parameter reviews, delivering precise and insightful analysis.   Collaborate on the development, ongoing improvement, and expansion of an analytics library, equipping the team with robust tools, models, and techniques for modeling customer behaviour and interest rate valuations and risk.   Lead the implementation of sophisticated mathematical models, processes, and algorithms for analysis, ensuring operational effectiveness, accuracy, reproducibility, and comprehensive documentation of methodologies.  Data analytics capabilities to query and derive insights from data, using tools such as Python, R, SQL etc.

Systems and Support (Infrastructure) - Support the development and implementation of strategic business initiatives, collaborating across CIBC to communicate Treasury Analytics methodologies and resolve analytic/data requirements.  Oversee the maintenance of the pricing, risk, and analytics library, ensuring integration and consistency across all Treasury systems for bank-wide benchmarking and risk validation.  Develop and execute test plans, quality assurance, and user-acceptance testing to validate analytics and methodologies.   Ensure all models and methods are vetted and approved, maintaining consistency of risk measures and mitigating model risk across platforms.

Management and Enhancement of Cash-Flow Modeling Books – Oversee the modeling of the retail risk representation in the cashflow modeling book (CFMB).   Collaborate with the LOB to understand any behavioural changes and strategic thinking to evolve the program to effectively model and hedge risk. Liaise with Treasury CFO group to interpret and explain cash-flow modeling P/L variability. Enhancing PnL decomposition processes and signing off on daily and monthly cash-flow modeling P/L.

Who You Are 

You can demonstrate 5+ years experience in Asset Liability Management (ALM), Analytics, Modeling, and Risk Management with a bank and/or other financial institution. In addition, you have 5+ years experience in quantitative analytics in areas of valuation, hedging and risk measurement is a strong asset. You will also have strong work experience in applied mathematical, quantitative analytics, statistical, or stochastic modeling. Strong system and quantitative programming skills using C++/Python/R/SQL or high-level languages will be an asset. You have strong theoretical understanding of financial economics, financial mathematics, statistics, risk management and option modeling techniques, along with the ability to express modeling insights with an aptitude for explaining PnL and risk drivers. Experience in advanced GLM (including Cox regression), panel time series and model selection will be beneficial.  It’s an asset if you have experience in working with banking retail products such as commitments, mortgages or GICs, and/or exposure to valuation and risk metrics of various interest rate derivatives.

You have a degree (Masters/Doctoral degree) in mathematics, computer science, quantitative finance, engineering, statistics and/or related technical subject.

You’re goal oriented. You’re motivated by accomplishing your goals and delivering your best to make a difference. 

You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. 

You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life. 

Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

#LI-TA

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*, defined benefit pension plan*, an employee share purchase plan, 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

CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

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 test (such as simulation, coding, French proficiency).

We use artificial intelligence tools during the recruitment process. 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

Toronto-161 Bay St., 11th

Employment Type

Regular

Weekly Hours

37.5

Skills

Business Development, Communication, Critical Thinking