Asset Liability Management/ALM Risk Analyst
Position: 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 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
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.
They 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 most optimal work environment 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 with creating presentations in PowerPoint is highly desirable
- Familiarity with 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
- Prior experience in ALM system implementation including data management and process design
- A quantitative educational background such as engineering, statistics, mathematics, or economics, with a solid understanding of fixed income mathematics
- CFA or FRM certification
- Experience with financial data manipulation using tools such as SQL, Oracle, Python, Power
- BI, and Excel is highly desirable
- Well-developed written and verbal communication skills sufficient to creatively and precisely articulate ideas involving analysis, interpretation, and assessment
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $85,000 - $100,000 for the market based on experience, qualifications, and location. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may include a discretionary bonus component. CIBC offers a full range of benefits including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off, Holidays, and 401(k), among others.
This position does not offer visa sponsorship.
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What CIBC Offers
- We prioritize your goals and strive to create opportunities to tap into your potential, offering a competitive salary, incentive pay, benefits, and recognition programs. Our spaces and tools foster innovation and collaboration. We also support your growth through initiatives like Purpose Day, a paid day off dedicated for your development.
- Subject to plan and program terms and conditions
- What you need to know
- We are committed to an inclusive environment. If you need accommodation, contact Mailb
- You must be legally eligible to work and have the necessary permits.
- We may ask you to complete assessments and skills tests to learn more about your abilities and provide more information about us.
Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Benchmarking, Cash Flow Modelling, Data Analysis, Documentation, Financial Data, Forecasting Techniques, Market Forecasts, Microsoft Excel, Reporting and Analysis, Statistics, Treasury Management #J-18808-Ljbffr
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