Cibc
Senior Director, Model Quantification
Toronto, ON · Director
Sponsorship not specifiedDetected 12 hours ago
PythonExpressStakeholder ManagementFinancial AnalysisAuditingRecruitingPerformance ManagementSASLeadershipCommunicationProblem SolvingIFRSFinancial ReportingInternal AuditRisk Modeling
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About the role
- We need talented, passionate professionals who are dedicated to doing what's right for our clients.
- Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
- In this role, you'll guide a team of model developers, provide strategic and technical direction, and help ensure models are well governed, clearly documented and effectively implemented.
Responsibilities
- Global Operational and Enterprise Risk Management (GOERM) provides independent oversight, analytics and governance to support the effective management of risk across CIBC.
- As the Senior Director, Model Quantification, you'll lead the ongoing development, maintenance, use, monitoring and performance of retail credit risk parameter models that support Regulatory Capital, Economic Capital and International Financial Reporting Standard 9 (IFRS 9) provisioning for CIBC's retail lending products.
- You'll act as a subject matter expert and trusted partner to colleagues across the business, Risk Management and regulatory bodies on matters related to probability of default (PD), loss given default (LGD) and exposure at default (EAD) models.
- Model Development & Oversight - Lead the design, development, documentation and ongoing monitoring of retail credit risk parameters used in the calculation of Regulatory Capital, Economic Capital and IFRS 9 provisioning for CIBC's retail lending portfolios.
- Quantitative Analysis - Apply statistical techniques and quantitative methods to identify, assess and validate the drivers of probability of default (PD), loss given default (LGD) and exposure at default (EAD), and recommend enhancements based on model performance and emerging requirements.
- Frameworks, Governance & Compliance - Develop and maintain an overarching regulatory monitoring framework for retail credit risk parameters, conduct regular methodology reviews, and ensure alignment with CIBC policies, standards and regulatory expectations.
- Stakeholder Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals, address findings, assess gaps and drive effective remediation plans.
- People Leadership - Build and lead a high-performing team by setting clear direction, connecting work to business goals, developing team capabilities, providing timely feedback, fostering an inclusive and positive work environment, and supporting sound hiring and performance management practices.
Requirements
- You bring deep quantitative and credit risk modelling expertise.
- You have advanced knowledge of retail credit risk parameter modelling and hands-on experience supporting Regulatory Capital, Economic Capital and IFRS 9 frameworks within a large financial institution.
- You have strong academic or equivalent industry experience.
- You're comfortable using spreadsheet and word processing tools and have experience with statistical software and programming languages such as SAS, Python and R.
- We cultivate a culture where you can express your ambition through initiatives like Purpose Day
- We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).
Compensation
- 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
Company info
- At CIBC, we embrace your strengths and your ambitions, so you are empowered at work.
- At CIBC we enable the work environment most optimal for you to thrive in your role.
- You bring your real self to work and live our values - trust, teamwork and accountability. #L1-TA What CIBC Offers At CIBC, your goals are a priority.
This listing is sourced directly from Cibc's careers page and normalized into a canonical job model.