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 As the Senior Manager – IR and Retail Option Modeling, you will provide strategic support to the Senior Director in the development and oversight of retail embedded option models, leveraging advanced financial engineering methodologies and no-arbitrage principles. In this role, you will generate critical insights, identify and assess key risk drivers within retail products, and effectively communicate sophisticated modeling risk specifications to senior business leaders. This requires the ability to think critically, dive into the underlying mechanics of the specific problems and translate complex concepts into program enhancements and technical specifications to Technology for development. Additionally, you will enhance the analytics infrastructure developed by Treasury Analytics used to conduct analysis of how consumer behavior affects retail product cash-flows. You will contribute to the formulation of business requirements and apply advanced statistical modeling and financial engineering techniques to accurately quantify and minimize consumer behavior risk. Furthermore, you will also assist in implementation of advanced analytics for optimization, reporting, P/L decomp and back-testing, and risk factor simulation and to interpret and explain any resulting output. 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 2-3 days per week on-site, while other days will be remote. How You’ll Succeed Financial and Interest Rate Derivative Analytics - Development and oversight of comprehensive pricing and risk analytics to ensure all hedge-able risks are effectively captured. Prototyping and implementation of pricing and hedging strategies for fixed income derivatives. Maintain and develop analytics methodologies for transfer pricing, profitability assessment, and cash-flow modeling of retail products. Systems and Support (Infrastructure) - Assist development and implementation of various strategic business initiatives. This requires collaborating across various groups to explain methodologies, and procedures developed within Treasury Analytics to assess analytic/data requirements for future business activities and resolve any issues which arise. Maintain and enhance a centralized analytics library to support seamless integration, benchmarking, and validation of pricing and risk across all Treasury systems, ensuring consistency and mitigating model risk at an enterprise level. Consumer Behavior Analytics - Apply advanced customer behavior calibration techniques for Treasury Analytics parameter reviews. Integrate consumer behavior models into funds transfer pricing and hedging processes. Ongoing development and expansion of analytics tools, models, and techniques for effective modeling of customer behavior and interest rate risks. Management and Enhancement of Cash-Flow Modeling Books – Assist in specification and modeling of retail risk representation in the cashflow modeling book (CFMB). Partner with lines of business and the Treasury CFO group to interpret and communicate cash-flow modeling P/L variability. Lead enhancements in PnL decomposition and oversee daily cash-flow modeling P/L sign-off to ensure transparency and accuracy. Quantitative Analysis – Direct the implementation of sophisticated mathematical modeling, processes or algorithms to conduct analysis. Ensure the highest standards of operational effectiveness, accuracy, and reproducibility in analytics outputs, supported by thorough documentation of methodologies Who You Are You have 3+ years experience in Treasury, ALM, Product Analytics, and/or Risk Management with a bank and/or other financial institution. You have strong work experience in applied mathematical, quantitative analytics, statistical, or stochastic modeling. Strong system and quantitative programming skills using Python/R/C++/SQL. Experience in working with banking retail products such as commitments, mortgages or GICs. Experience in quantitative analytics with a bank and/or other financial institution in areas of interest rate derivatives valuation, hedging and risk measurement is a strong asset. Exposure to valuation and risk metrics of various interest rate derivatives will be an asset. You can demonstrate knowledge In financial economics, financial mathematics such as fixed income theory, statistics, treasury processes, risk management and balance sheet modeling techniques. You have strong theoretical understanding of financial economics, financial mathematics, statistics, risk management and option modeling techniques. 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. You have a Masters/Doctoral degree in mathematics, quantitative finance, computer science, 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. Ability to express modeling insights with an aptitude for explaining PnL and risk drivers. Creative problem solver and strong analytical skills. 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. 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 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, French proficiency, 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 Toronto-161 Bay St 11th Floor Employment Type Regular Weekly Hours 37.5 Skills Derivatives, Interest Rates, Risk Analytics 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.
