Director : Careers

* Market Risk & Middle Office

Responsible for the ongoing enhancement and administering of the Bank’s Market risk policies, measurement monitoring and controls as well as the application of Middle Office procedures and independent controls.
Ensuring that all market risk and contingent credit risk policies and procedures are congruent with the Bank's overall risk appetite.
Accurately identify, assess and measure Market risk exposures; to enable risks to be clearly understood by management the Board and parent bank; and to provide analytic input on market risks to assist in broad asset/liability management decisions.
Ensure appropriate internal control and corporate governance frameworks encompassing policies, procedures and limits for measuring, monitoring controlling and reporting market risk and trading and contingent credit risk.
Provide advice and governance on market risks affecting new products or initiatives
Ensure appropriate levels of control around daily P&L production, independent price verification, collateral management and other key Middle Office processes.

The Director of Market Risk & Middle Office must have significant relevant market risk management experience and / or trading desk (minimum 7 years) as well as similar amount of experience within a Middle Office environment.
Experience at CIBC or similar institution would be extremely helpful
Comprehensive understanding of derivative instruments, their pricing and their use in market risk management.
Comprehensive understanding of current methodologies for quantifying and analyzing trading and retail banking market risks (a degree in risk management or statistics is useful, but not mandatory).
Knowledge of risk management framework and its practical application in a medium sized financial institution; experience in multi-currency and/or exchange controlled markets is useful, but not mandatory.
Strong technical / analytic skills, applied practically, to provide balanced view of market risk / reward relationship.
Well-developed influencing and communication skills; networking effectively with Treasury and Treasury Operations (i.e. front and back offices).
Understanding of Caribbean markets and pricing of financial instruments in the region is recommended.
Understanding of traded credit methodologies would be beneficial
Knowledge of CIBC systems, practices and control environment would be extremely useful.

NB: Applications with detailed resumes with the names of three business refernces should be submitted

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