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
Risk Management plays an important role in supporting CIBC’s core purpose by providing independent oversight of risk across the bank’s transactions and activities. As the Senior Director, Pension & Insurance Risk, you’ll lead independent second-line oversight across pension and insurance risk, bringing together actuarial, investment, and governance expertise to support sound risk management and decision-making. You’ll oversee risk monitoring, stress testing, reporting, and effective challenge across CIBC’s pension plans and insurance business, while escalating material issues to senior management and relevant committees as needed. In this role, you’ll help promote transparency in risk-return decisions, support the development and oversight of risk frameworks and limits, and provide insight on regulatory developments and emerging risks. You’ll also work closely with partners across Risk Management, Insurance, Finance, Treasury, Human Resources, CIBC Global Asset Management, and external advisors. As a leader, you’ll build team capability, foster an inclusive and high-performing environment, and align your team’s priorities to broader business objectives.
At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 2-3 days per week on-site, while other days will be remote.
How you'll succeed
Lead risk oversight - Provide independent second-line oversight and effective challenge across pension and insurance risk, including actuarial, investment strategies, capital, pricing, asset-liability management, and regulatory considerations.
Drive monitoring and reporting - Oversee risk modelling, stress testing, ongoing monitoring, and reporting activities, and escalate material issues and emerging concerns to senior management and relevant committees in a timely manner.
Strengthen risk frameworks - Develop, enhance, and maintain risk frameworks, limits, and governance practices that support transparency and balanced risk-return decision-making across pension and insurance activities.
Influence strategic decisions - Participate in business initiatives and committee discussions by providing independent review, effective challenge, and clear risk perspectives on key decisions affecting CIBC’s pension plans and insurance business.
Build strong partnerships - Collaborate with internal partners including Insurance, Finance, Treasury, Human Resources, CIBC Global Asset Management, and external actuaries and investment consultants to support effective oversight and integrated risk management.
Lead people and performance - Build an engaged, accountable, and high-performing team through clear direction, coaching, development opportunities, timely feedback, and a workplace culture grounded in CIBC’s mission, vision, and values.
Who you are
You bring deep actuarial and risk expertise. You have significant experience in insurance, pensions, actuarial science, or risk management, with a strong understanding of risk oversight, financial markets, and investment strategies.
You can simplify complexity. You’re able to assess highly technical issues and communicate complex information clearly and effectively to a range of audiences, including senior leaders and committees.
You’re a strategic thinker. You connect related issues, identify emerging risks, and apply an enterprise-wide perspective to support informed and balanced decision-making.
You’re an experienced people leader. You know how to build capability, create accountability, and support high performance while fostering an inclusive, collaborative team environment.
You have the right credentials. You have a university degree in Actuarial Science, Business, Finance, Risk Management, or a related field, and you bring at least 10 years of relevant experience. A Fellow of the Canadian Institute of Actuaries (FCIA) or Fellow of the Society of Actuaries (FSA) designation is preferred.
Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.
#L1-TA
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 [email protected]
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.
