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STRATEGIC BUSINESS UNIT DESCRIPTION

Treasury’s mandate is to actively manage CIBC’s Balance Sheet capital and funding resources, as well as structural B/S interest rate, liquidity, and FX risks in support of our bank’s strategy. Treasury is an independent advisor to our operating businesses in the analytical pricing of products and strategies and has the accountability for establishing a value-added integrated fixed income investment management programs optimized to support CIBC’s Treasury management objectives.

Treasury’s active responsibilities include:

liquidity risk management, cash management and related settlement system risks; sourcing and execution of cost efficient funding of the Bank’s balance sheet within the constraints of liquidity, balance sheet, market and concentration limits; optimization of the capital structure within the constraints of regulatory requirements, flexibility and cost effectiveness to support strategic business plans ; the creation and maintenance of a transparent and effective funds transfer pricing model; development and implementation of a bank-wide balance sheet strategy aligned with the corporate strategy, including initiatives to drive balance sheet optimization measurement and management of balance sheet structural interest rate and FX risk; management of regulatory, central bank, government, industry and investor relations related to capital instruments, financing vehicles and treasury related financial system risks.

JOB PURPOSE

Ensure appropriate Balance Sheet Management through Funding and Liquidity, Interest Rate and Investment Portfolio Management.

Especially,

-ensure effective funding of non-treasury trading groups within Europe. Efficient use of cash (across legal entities).

-Advise infrastructure and front office on funding questions as they arise. Deliver effective liquidity, funding and cash management and gain experience of Regulatory liquidity reporting.

KEY ACCOUNTABILITIES

The key accountabilities of the role include:

• Ensuring that the bank’s cash accounts are effectively controlled, thus maximizing utilization of funds. This includes all internal accounts with CIBC, Toronto, monitoring Bank of England funding and transfers to / from our EUR Clearer, as well as other external correspondent bank accounts;

• Calculating the daily funding requirement of various trading groups within European entities and advising stakeholders accordingly;

• Ensuring all internal funding tickets, once priced by FLM, are booked as required. This may include liaising with the respective traders;

• Close liaising with FLM dealers advising adjustments, rate-resets etc. as necessary;

• Ensuring timely completion of daily CSSF liquidity reporting;

• Ensuring that the balances on the bank’s Settlement Agency accounts for Bonds and Equities are funded correctly, as agreed. Pass the G.L. entries reflecting the movement of Cash;

• Advising other departments on any reporting requirements, including last reporting times;

• Proactively identifying, investigating, and resolving complex issues involving transactions, products, technology, or clients. Anticipating, Investigating, and resolving problems involving a variety of often complex transactions, products, technology or clients;

• Focusing on achieving both team and individual objectives;

• Discharge all duties in accordance with the local regulation and bank standard.

• Developing Knowledge of IRRBB within CIBC Lux especially in relation to ALCO

• Contributing to FTP/Risk transfer implementation

• Contributing to Cash Management and Daily Liquidity Reporting Optimization

• Front Office tools implementation : Contributing to WKFS/Regnology/ION implementation

• Monitor progress of Treasury projects and objectives, ensuring timely implementation

• Participate in ALCO presentations

CROSS-FUNCTIONAL RELATIONSHIPS

• The incumbent will have daily interaction with staff in Funding Liquidity Management (FLM) function, Risk management and frequent contact with senior staff in Middle Office, Finance and Business Management.

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

• Investment banking background with knowledge of cash and liquidity management, position keeping and settlement procedures, minimum 2 years’ experience;

• Knowledge of relevant regulatory requirements (Basel III, EBA, LCR, NSFR, ALMM,…);

• Knowledge of investment products (e.g. Bonds, Equities, FX, Money Markets, Interest Rate Swaps, etc.);

• Advanced knowledge of risk transfer mechanisms

• Basic understanding of IRRBB (DV01/PV01, EVE and NII SOT)

• Basic understanding of Hedge Accounting

• Ability to analyze transactions for the impact of cash flows, General Ledger and P&L;

• Knowledge of software used to prepare reports e.g. Excel, Access;

• Coding skills (VBA, Python,…) are an asset

• Project Management skills (planning, prioritization, follow-up, reporting)

• Familiarity with Project Management tools is a asset

• Communication skills, with the ability to present to senior management (ALCO) and explain treasury concepts to non-experts

• Numerate, accurate, with the ability to work under pressure to tight deadlines;

• Self-motivated with ability to take initiative and work efficiently with limited supervision;

• Willing and able to learn new skills;

• Team Player, conscientious, with willingness to work additional hours where necessary.

WORKING CONDITIONS

·This role operates within a normal office environment.

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

Job Location

K2 Dolce

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Management, Financial Risk, Foreign Exchange Hedging, Funds Transfer Pricing (FTP), Hedge Accounting, Hedging, Interest Rate Hedging, Investments, LCR Meters, Liquidity Management, Net Stable Funding Ratio (NSFR), Presentation Boards, Presentation Preparations, Prioritization, Strategic Objectives, Treasury Management, Treasury Policies, VBA Macro