Director, Treasury Quantitative Analytics

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 Director, Treasury Analytics, you will support Senior Directors to evolve and expand the mandate of Treasury Analytics, providing strategy and leading the management of individual cashflow modeling programs. You will drive insights, identify inherent risk drivers of consumer products and relate relate modeling risk specifications back to the business. This requires the ability to think critically, dive into the underlying mechananics of the specific problems and translate complex concepts into program enhancements and specification to Technology for development. This is a high visibility role where the Director must effectively communicate complex problems and solutions to senior treasury executives and LOB. 

Additionally, you will maintain/enhance the analytics infrastructure developed in Treasury Analytics used to conduct analysis of how consumer behavior affects retail product cash-flows and the use of embedded options; to assist in developing business requirements; to assist in appling advanced statistical models and financial engineering techniques to quantify and ensure mimimal consumer behaviour risk. You will also assist in implementing/applying advanced analytics for optimization, reporting, P/L decomp and back-testing, and risk factor simulation and to interpret and explain any resulting output. This is a unique opportunity that involves leadership and development of the Treasury Analytics functions and expansion of mandates. 

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

• Management and Enhancement of Cash-Flow Modeling Books - Leadership role to specify and model the retail risk representation in the cashflow modeling book (CFMB). This includes working with the LOB to understand any behavioural changes and strategic thinking to evolve the program to effectively model and hedge risk. Liase with Treasury CFO group to interpret and explain cash-flow modeling P/L variability. Enhancing PnL decomposition and signing off on daily cash-flow modeling P/L.

• Financial/Derivative Analytics - Ensure pricing and risk analytics capture all hedge-able risks as is practical.  This will include work to prototype pricing and hedge of fixed income derivatives. Maintain/Develop analytics/methodologies for transfer pricing new retail products, assess new and existing retail product profitability, and cash-flow modeling book.

• Consumer Behavior Analytics - Apply customer behaviour calibration techniques for Treasury Analytics’ parameter review.  Incorporate consumer behavior models into the funds transfer pricing and hedging processes. Collaborate in the development, continuous improvement and ongoing expansion of an analytics library with appropriate tools, models and techniques for modeling of customer behaviour and interest rate risks.

• Systems and Support (Infrastructure) - Lead development and implementation of various strategic business initiatives. This includes liaise with various groups within CIBC to explain methodologies, and procedures developed within Treasury Analytics to assess analytic/data requirements for future business activities and resolve any issues which arise. Lead the maintenance of pricing, risk and mathematical analytics library supporting integration across all Treasury systems that are used for Bank-wide benchmarking to validate pricing or risk.  This will ensure consistency of risk measures across different risk platforms and measures and mitigate model risk.   

• Quantitative Analysis - Lead the implementation of sophisticated mathematical modeling, processes or algorithms to conduct analysis. Ensure operational effectiveness to deliver analytics capabilities, ensuring that outputs are correct and reproducible, and proper documentation to explain methods.

Who You Are 

• You can demonstrate experience. In ALM, Product Analytics, and 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 C/C++/Python/R/SQL or high-level languages. Experience in working with banking retail products such as commitments, mortgages or GICs.

• It’s an asset. Experience in quantitative analytics with a bank and/or other financial institution in areas of 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 degree/diploma. 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. 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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.

*Subject to 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.

Expected End Date

2025-08-29

Job Location

Toronto-161 Bay St 11th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Asset and Liability Management (ALM), Behavior Modeling, C++ Programming Language, Communication, Critical Thinking, Financial Modeling, Fixed Income Valuation, Hedging, PL/SQL (Programming Language), Product Analytics, Python (Programming Language), Risk Management, R Programming, Treasury Management