Senior Director, ALM Business Analytics and Insights

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 Senior Director ALM Measurement is responsible for the overall ALM infrastructure and the metrics it produces. This infrastructure quantifies non-trading interest rate risk, providing key support in managing structural interest rate risk (SIRR).  SIRR impacts the Bank’s net interest income and economic value, within the context of delivering consistent and sustainable earnings. Specifically, the role will:

• Model and quantify ALM risks, particularly interest rate risk and funding mismatches in the non-trading balance sheet

• Manage complex infrastructure and processes to ensure that interest rate risk is accurately and reliably quantified

• Contribute strategically to CIBC’s asset liability management both through advanced modelling and as a subject matter expert

This role requires the ability to perform advanced financial, risk, and strategic analyses to identify and evaluate strategic opportunities related to ALM management.  The Senior Director will be part of a group accountable for providing value-add strategic analyses and recommendations, as well as generating insights and authoritative advice for senior management on ALM related issues and topics.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you’ll succeed

• Modelling, Measurement & Analytics - Develop and continuously improve balance sheet models with focus on ALM measurement and application to SIRR management. Ensure completeness of SIRR models, capturing all material sources of SIRR, including embedded optionality in retail products. Maintain a dedicated process for the measurement of mortgage commitment risk, with high quality daily measurement and monitoring of this risk. Manage a program of regular stress testing to ensure model and assumption integrity. Maintain and update detailed operating procedure documentation on ALM dashboards and reports. Continuously monitor, communicate and evaluate on bank-wide risk metrics, supervisory rules and regulations, and other structural interest rate risk key metrics. Support senior management in identifying daily ALM P&L and risk metric variation. Work closely with Market Risk team with respect to integrated measurement and reporting of risk metrics across the entire bank.  Manage infrastructure strategy and planning to efficiently keep pace with continuous improvement of modelling and related resource requirements.

• Strategic Leadership on Interest Rate Risk - Lead the development and ongoing refinement of the Bank’s interest rate risk management strategy, ensuring alignment with corporate objectives, risk appetite, and market conditions. Interpret and synthesize results from ALM models (e.g., NII, EVE, duration, convexity) to inform strategic decisions on funding, lending, and investment activities. Provide scenario-based analysis on how shifts in the yield curve, monetary policy, or competitive dynamics impact the Bank’s earnings profile and capital position. Collaborate with Treasury, Finance, and the Chief Economist’s office to integrate market intelligence and macroeconomic forecasts into the Bank’s balance sheet strategy.

• Governance & Collaboration - Produce measures and metrics to ensure that ALM decisions and SIRR implications are well understood and managed. Provide valuable advice and insights on business initiatives and strategies relating to ALM. Stays abreast of ongoing market developments, regulatory changes and emerging best practices relating to ALM. Evaluate impacts on products groups interest income / interest expense and net interest income under a range of interest rate scenarios (including Bank of Canada rate decision scenarios). Lead and/or coordinate the implementation of strategic ALM projects, with influence over multiple stakeholders.

• Regulatory and Internal Compliance - Support as a subject matter expert on Treasury ALM with respect to interfacing with internal Audit and or other parties as needed. Ensure the Bank’s interest rate risk framework adheres to regulatory standards (e.g., OSFI B-12, IRRBB) and internal governance expectations. Lead updates to ALM Measurement policies, configurations and methodologies to reflect emerging best practices and evolving business strategies. Ensure ALM team complies with ALM Policy and providing governance including portfolio benchmarking. Support the VP, ALM on tracking and resolving in a timely fashion all relevant internal Audit and Regulatory compliance gaps. Maintain awareness of market, regulatory and business developments and their implication to the bank’s risk exposures and measurement.  Ensure issues, risks and opportunities are identified and raised for senior management consideration and provide recommendations as appropriate.

• Leadership - Act as an advisor to the Vice-President on ALM related matters. Lead a team of ALM professionals ensuring staff development to support continuous improvement of the ALM process, with emphasis on timely and insightful analysis that translates complex balance sheet dynamics into actionable decisions that will improve the management of SIRR and contribute to CIBC’s strategic asset liability management.  Establish training program for staff and supporting resources in other departments to ensure continuous development of knowledge and skills required for quality liquidity analyses and reporting

Who you are

• You have a degree in a related field of study, along with 10–15 years of progressive experience in Treasury, Balance Sheet Management, Risk, or Finance, ideally within a major financial institution.

• You can demonstrate deep technical expertise in interest rate risk measurement and concepts such as NII sensitivity, EVE, duration, and convexity. You will also have the ability to translate complex financial modeling outputs into clear, actionable recommendations for executive audiences, along with a strong understanding of macroeconomic and monetary policy drivers and how they influence bank profitability and strategy. You regularly demonstrate experience influencing senior decision-makers and contributing to ALCO or equivalent forums, and have excellent presentation and storytelling skills with the ability to distill technical content into clear and persuasive narratives for non-technical leaders.  Your technical experience will include knowledge of relevant business applications (QRM, SQL applications, Excel, PowerPoint and Word).

• You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.

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

• You are a caring and accountable leader. You’re passionate about developing and growing team members abilities. You have experience providing coaching and hands on support to meet team goals.

• 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

Change Management, Group Problem Solving, Leadership, Long Term Planning, Mathematics Modeling, People Management, Quantitative Analysis, Risk Management, Statistical Models, Strategic Objectives