• ALM Risk Analyst

    Job Location US-IL-Chicago
    Posted Date 1 month ago(12/26/2018 11:54 AM)
    # of Openings
  • Overview

    CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at


    CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders. 


    CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance – so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.


    Every year, CIBC is recognized for its business success, community commitment and employee initiatives.  We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.


    CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran


    The ALM Risk Analyst III is primarily responsible for supporting the Bank' management of interest rate risk, a critical role for the Bank to achieve its strategy. The ALM Risk Analyst III is responsible for accurate modeling of Structural Interest Rate Risk that arises from activities in the US Bank and BHC.  The ALM Risk Analyst III will implement models 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 BHC.  These models will be used for NII forecasting and to develop hedging strategies for NII management.   The position will be as a key liaison between CIBC Treasury Toronto Treasury and CIBC Bank USA Treasury for QRM infrastructure and Treasury activities affecting the BHC.


    • Strong theoretical understanding of financial economics, financial mathematics such as fixed income theory, statistics, risk management and balance sheet modeling techniques
    • Well versed in Asset/Liability management and funds transfer pricing
    • Experience with Quantative Risk Management (QRM) is highly desirable
    • Extensive knowledge of US retail products such as mortgages, commercial loans and deposit fixed term indefinite maturity deposit products
    • Working experience with FBO’s desirable
    • Sound knowledge of US Regulation and practices related to Structural Interest Rate Risk Management
    • Prior experience in ALM system implementation including data management and process design
    • Quantitative educational background such as engineering, statistics, mathematics, or economics, with a solid understanding of fixed income mathematics
    • CFA or FRM designation desirable
    • Knowledge and experience in Treasury Processes, especially ALM.
    • Ability to assess and interpret classical, current, and evolving financial theories, concepts, and models.
    • Creative problem solver and strong analytical skills.
    • Ability to effectively interact with end users.
    • Well-developed written and verbal communication skills sufficient to creatively and precisely articulate ideas and opinions that involve analysis, interpretation, and assessment.


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