Job added in hotlist
Applied job
Contract job
90-day-old-job
part-time-job
Recruiter job
Employer job
Expanded search
Apply online not available
View more jobs in New York City, NY
View more jobs in New York

Job Details

Associate level Trading Credit Risk -Capital Markets RM

Company name
CIBC

Location
New York City, NY

Apply for this job






8 hit(s)  

Profile

Associate level Trading Credit Risk -Capital Markets RM','18000338','Regular','Regular','Full Time','Full Time','Risk Management','United States-New York-New York-300 Madison Ave 5th FL','','Jan 8, 2018','Jan 31, 2018','!*!Risk Management is led by the Senior Executive Vice-President and Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputational and legal, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups.

Capital Markets Risk Management (CMRM) is responsible for the independent enterprise-wide oversight of the measurement, monitoring and control of market, trading credit, trading operational and insurance risks, maintaining corporate governance standards and practices in support of a risk profile consistent with CIBC’s risk appetite. In addition, CMRM provides support for the Strategic Business Units (SBUs) risk management needs through responsive and customer-oriented organization, which facilitates integrated decision-making.

JOB PURPOSE 

As a Director, the incumbent will fulfill the mandate to ensure that all trading credit risks incurred in the CIBC’s US Capital Markets activities, namely, Treasury, FIC, Equities, and Commodities portfolios are properly identified, measured, reported and disclosed in a consistent manner. As part of a team that is the focal point of all credit related inquiries originating from the trading room, he/she will be a representative of the various credit groups that are required to measure, monitor and adjudicate trading room credit. He/she will champion the regional adjudication process with regards to counterparty credit matters and is responsible to ensure requests are handle in a timely manner and properly analyzed, that approvals and limits are properly reflected in the risk capture system and that credit excesses are managed in accordance with approved delegations under the capital markets risk management framework, policies and procedures.

In addition, the incumbent will be expected to participate in group-wide projects, contributing innovative thinking and an advanced analytical approach. This position interfaces with traders, operations, financial control, audit, technology, and other departments within Trading Credit Risk, Capital Markets Risk Management, and will form a key part of the team supporting the Head of Product and Transaction Analysis.

The incumbent has strong credit skills and background in capital markets activities and able to assess the credit worthiness of counterparts using cash flow, ratio and other market trend analyses active in fixed income, equity and banking products with a working knowledge of the relevant documentation, settlement systems and processes used in execution.   

KEY ACCOUNTABILITIES

Adjudicates counterparty credit for an assigned client portfolio and regularly reviews for compliance through independent monitoring.  

Monitors market conditions and news media continually for economic trends or adverse conditions that impact CIBC counterparts, credit exposure or business relationship and, upon becoming aware of an event, immediately informs the senior management team.     

Collaborates with and is accountable for other members of the trading credit team to facilitate effective dissemination of accurate and timely risk information.  

Opine on trading counterparts and set risk ratings and credit limits consist with guidelines and delegated authorities.  This includes credit application reviews presented by relationship managers, testing for compliance with internal models to derive appropriate risk ratings and credit limits.  It may also include review of a security or business initiative where credit approval is required and entails discussion of documentation, trade agreements or other documents that may lead to the identification of reputational, legal or financial risks that requires further investigation and resolution prior to approval.

Maintain credit files and/or written records of all credit correspondence and other related matters that indicate credit approval.

Monitor and report credit limit excesses, investigate breeches, escalate and clear on a daily basis.  In some instances in consultation with the relevant parties, limit excesses may lead to the request for an incident report prepared by the business and Trading Operational Risk for escalation to senior management.    

Participate in the audit process responding to questions raised by auditors and or regulators during the course of annual exams.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.','!*!KNOWLEDGE AND SKILLS

Assessment and judgment of credit matters, strong product knowledge and the flexibility to analyze varied business requests.

A graduate degree in quantitative finance or mathematics, or related discipline. A CFA/FRM/PRM designation is an asset, as is some knowledge of accounting principles. 

Familiarity with methodologies for quantifying and analyzing market and credit risks and in depth knowledge of OTC derivatives products (FX, IR, Equities and Commodities).

Writing skills sufficient to prepare an analysis, and to communicate a business initiative in simple, concise easy to read language.  

Ability to work within a matrix management environment.

Knowledge of trading floor business activities, trade support and operations with ability adapt to changing environments.

Ability to work under pressure and time constraints which sometimes requires one to provide direction to subordinates or to manage changing or conflicting priorities.

Strong people skills; the incumbent must demonstrate good interpersonal skills.

Professional integrity and ability to be a team player.

Strong credit skills and understanding of counterpart credit risk concepts.

Incumbent must have a minimum of 3yrs credit experience in a banking or broker dealer environment. ','Associate level Trading Credit Risk -Capital Markets RM

Company info

CIBC
Website : http://www.cibc.com

Company Profile
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.

Similar Jobs:
\nAn Investment Consultant at TD Ameritrade will assess, assist, and advise existing and prospective clients in the selection of products and services best suited to meet their financial goals. Investment Consultants are expected ...
Client Facing Developer for OTC Equity Derivatives','3102901','Jan 10, 2018','Americas-United States of America-New York-New York','Bachelor's Degree','Bachelor's Degree','Development','Full Time','Full Time','Associate','Associat...
We are currently seeking an Associate to support our Global Capital Markets-Real Estate Investment Banking team in New York City.  JLL’s Global Capital Markets-Real Estate Investment Banking team offers services in the areas of ...
By using Employment Crossing, I was able to find a job that I was qualified for and a place that I wanted to work at.
Madison Currin - Greenville, NC
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
TradingCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
TradingCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2018 TradingCrossing - All rights reserved. 169