Asset Liability Management (ALM) Risk Analyst

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 ALM Risk Analyst is primarily responsible for supporting the management of the Bank’s interest rate risk, a critical role for the Bank to achieve its strategy. The ALM Risk Analyst is responsible for accurate modeling and reporting of structural interest rate risk that arises from activities in the US Bank and Bank Holding Company.  The ALM Risk Analyst will implement data processes, analytical models and create dashboard reports for interest rate risk measurement and balance sheet modeling and will closely collaborate with other members of CIBC Bank USA Treasury to apply ALM tools to provide understanding of NII dynamics of the US Bank and BHC.  These models will be used for NII forecasting and to develop hedging strategies for NII management.

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

• Strong theoretical understanding of financial economics, financial mathematics such as fixed income theory, statistics, risk management and balance sheet modeling techniques

• An understanding of Asset/Liability management and funds transfer pricing

• Familiarity writing presentations in PowerPoint is highly desirable

• Familiarity creating financial models in Excel is highly desirable

• Knowledge of banking products like loans, deposits, lines of credit, repurchase agreements, including their structure, risks, and economics

• Familiarity with US Regulatory guidelines from the Federal Reserve, OCC, FDIC, and other policy setting entities like the Basel Committee

• Ability to assess and interpret classical, current, and evolving financial theories, concepts, and models.

• Self-starter mentality with a willingness to find answers or seek help when needed to creatively solve problems

Who you are

• You possess prior experience in ALM system implementation including data management and process design

• You have a quantitative educational background such as engineering, statistics, mathematics, or economics, with a solid understanding of fixed income mathematics

• You are CFA or FRM certified

• You have experience with financial data manipulation with tools such as SQL, Oracle, Python, PowerBI and Excel is highly desirable

• You portray well-developed written and verbal communication skills sufficient to creatively and precisely articulate ideas and opinions that involve analysis, interpretation, and assessment

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $85,000K - $100,000K for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

This position does not offer visa sponsorship.

#LI-TA

California residents — your privacy rights regarding your actual or prospective employment 

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*, 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, 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

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

Benchmarking, Cash Flow Modelling, Data Analysis, Documentations, Financial Data, Forecasting Techniques, Market Forecasts, Microsoft Excel, Reporting and Analysis, Statistics, Treasury Management