Associate, Funding and Liquidity Management, Australia

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 Regulatory Rules and Regulations as well as relevant KYC/AML requirements related to Treasury.
• Strong EXCEL and PowerPoint skills (VBA skills preferred).
• Knowledge of investment products (e.g. Bonds, Equities, FX, Money Markets, Interest Rate Swaps, etc.);
• Ability to analyze transactions for the impact of cash flows and the General Ledger;
• 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;
• Advanced team, consensus and relationship building skills Conscientious, with willingness to work additional hours where necessary.

WORKING CONDITIONS

• This role operates within a normal office environment with little exposure to adverse working conditions;
• This role may need to work remotely (from home) from time to time;
• Work pressures caused by concentration on analytical work, conflicting priorities and project timelines can be significant in this type of role.
• Some out of hours work requirements will occasionally be present given a Global Bank environment with multiple time zone challenges.