Associate, Funding and Liquidity Management, Australia

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 at work. Our 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

BUSINESS UNIT DESCRIPTION

Treasury’s mandate is to actively manage CIBC’s Balance Sheet capital and funding resources, as well as structural 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; Collateral management across the group and with external entities and clearing corporations; 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 effective funding within the region. Deliver effective liquidity, funding and cash management and prepare liquidity reporting as well as preparing management information packs.

KEY ACCOUNTABILITIES

The key accountabilities of the role include:
REGULATORY COMPLIANCE
- Ensure compliance with; local statutory liquidity regulations across the region (Australia and Asia Pacific) to maintain a comprehensive Treasury risk management framework, including periodic reviews of various policies such as:

- LCR maintenance and HQLA management (including effective operation of the ESA account);
- Regional liquidity and funding policies
- Liquidity Stress testing
- Contingent Funding and Recovery Planning;

FUNDING AND LIQUIDITY MANAGEMENT
- Ensuring that the bank’s cash/nostro accounts are effectively managed, thus maximizing utilization of funds
- Support the Head of Funding and Liquidity Australia to raise funding through wholesale markets, while maintaining required regulatory liquidity levels.
- Execute Treasury products in a cost effective manner to ensure local requirements and risk parameters are fulfilled
- NCD & Money market instruments
- FX Spot, FX Swaps and FX Arbitrage
- Interest Rate and Cross Currency Swaps
- Repo
- HQLA Bond and Bill purchases
- Continuous development the investor base to diversify funding sources and enhance liquidity position for the Bank while avoiding concentration risk. This includes:

- Direct client interaction - electronic and phone communication
- Client roadshows, conferences and presentations
- Establish highly effective broker-dealer relationships
- Assist in analysing, setting up and executing funding strategy in conjunction with Treasury partners, including Long Term Debt Issuance - FRNs / Covered Bonds and other intercompany loans
- Managing the investments of the HQLA books (Government bonds) whilst solving for maximizing returns whilst maintaining high levels of liquidity.

OTHER
- Managing the interest rate and FX risk levels of Treasury
- Managing local currency FTP rates and provide analysis and advice in relation to the usage of liquidity and associated transfer pricing implications for all aspects of the business
- Maintain enhanced Treasury Management Information reports and 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.

AUTHORITIES/COMPLIANCE REQUIREMENTS
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
- Discharge all duties in accordance with the FAR Regime (Australia)

KNOWLEDGE AND SKILLS
- Investment / commercial banking background with knowledge of cash and liquidity management, position keeping and settlement procedures, minimum 2 years’ experience;
- Demonstrated local knowledge of Regula