Senior Manager/Economist, Country Risk Analysis at CIBC · Toronto

Senior Manager/Economist, Country Risk Analysis

Location: Toronto, ON

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 CIBC.com

What you'll be doing

As a Senior Country Risk Economist you will support the assessment and management of country risk across a large portfolio of countries. Your responsibilities will include preparing country risk assessments, country rating recommendations, outlooks, briefing notes and presentations for internal stakeholders and risk committees. You will also contribute to the development, maintenance and testing of country risk rating models, conduct scenario analysis and stress testing around macroeconomic, financial and geopolitical shocks, and contribute to thematic research on emerging sovereign, geopolitical and structural risks relevant to the bank’s portfolio. Creativity, innovation and lateral thinking are very important aspects of the job as rapid globalization challenges conventional economic models.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportions of on-site and remote work) will be discussed at the time of interview.

How you'll succeed

• Country risk assessment – Conduct qualitative and quantitative research to identify and assess key developments impacting the risk profiles of a large portfolio of countries globally. Summarize your findings by distilling large amounts of complex information into concise country rating reports. Derive country risk ratings by overlaying expert judgment and peer analysis onto the objective inputs in populating the country rating model.
• Present to Country Risk Rating Committee – Contribute to the preparation of meeting materials and present country assessments and rating recommendations to a committee of senior internal stakeholders. Anticipate questions and prepare to debate rating recommendations.
• Monitor country-specific and geopolitical developments - Monitor macroeconomic, financial, political, institutional, social, environmental and geopolitical developments, and identify and report emerging vulnerabilities and changes in the risk outlook.
• Stress testing – Participate in the bank’s established stress testing procedures by contributing to the development of macroeconomic, financial and geopolitical shock scenarios. Prepare regular updates of developments in key conflict zones or geopolitical “hot spots”.
• Process country limit amendments – Prepare interim country limit amendment recommendations incorporating clear summaries of complex capital markets transactions supported by updated country risk assessments.
• Ad hoc - Contribute to thematic research on emerging sovereign, geopolitical and structural risks relevant to the bank’s portfolio. Participate in regular policy reviews and updates and rating model changes.

Who you are

• You can demonstrate experience. You have extensive experience researching and analyzing geopolitical developments, governance, macroeconomic trends, sovereign balance sheets, and external sector dynamics.
• You can communicate complex ideas clearly. You have strong written and verbal communication skills, with the ability to clearly and concisely convey and defend complex concepts and tailor recommendations for senior executives and committees.
• You understand capital markets products and credit. You have a well-developed understanding of capital markets products and counterparty credit risk principles, and strong judgment in evaluating complex transactions.
• You’re an influential partner. You build strong relationships with stakeholders and you communicate with confidence in situations that require credibility, challenge, and collaboration.
• You are certified. You have a graduate degree in international economics or related discipline and/or at least 5 years of related work experience.
• You bring enthusiasm to work everyday. Learning excites you, curiosity drives you, and you have an insatiable need to understand how the world works.
• Values matter to you. You bring your real self to work and live our values of trust, teamwork, and accountability.

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What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

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

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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.

• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Country Risk, Economic Forecasting, Economics, Group Problem Solving, Macroeconomics, Peer Analysis, Presentations, Rating Models, Researching, Risk Management Framework, Risk Ratings, Scenario Analysis, Stress Testing