Senior Director, Model QuantificationCanadian Imperial Bank of Commerce • Toronto, ON, Canada
Senior Director, Model Quantification
Canadian Imperial Bank of Commerce • Toronto, ON, Canada
12 days ago
Job type
- Full-time
Job descriptionCredit Risk Rating Methodologies : Monitor and manage the application of the risk rating methodologies including ongoing improvements, expansion of methodologies and applications to lending portfolios, preparation of hypotheses and testing. Conduct regular review and recommend updates to the risk rating methodologies in compliance with CIBC Policies and regulatory requirements. Use quantitative methods and statistical tools to identify and validate empirically the factors that drive of probability of default (PD) and loss given default (LGD). Presents models for formal signoff through responsible committee(s) and CIBC model validation. Acts as the credit risk rating model expert who liaison with internal compliance groups. Provide clean and concise documentation of model development\review work. Provide guidance on the regulatory model development requirements, including the development of policies, standards, and methodologies. Provide leadership and effective management : of business unit staff to influence employee commitment to the organization, to the team, and to their job by : Setting appropriate context when assigning work to link the team’s work to organizational / business unit goals. Building team and individual capabilities to ensure employees are capable of performing to job requirements. Managing performance by providing fair and accurate formal and informal feedback, emphasizing employee strengths, and clarifying performance expectations. Creating a positive work environment and being an effective role model. Identifying and resolving compliance issues and ensuring all employees adhere to CIBC policies, standards, guidelines and controls. Hiring the right people in the right jobs to align individual capabilities with job requirements and business unit goals. Compliance responsibilities : As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. Preferred MSc or PhD degree in Computer Science, Mathematics, Engineering or other relevant discipline or at least 5+ years of relevant credit risk model experience in a large financial institution. You can demonstrate knowledge of PC applications (i.e., spreadsheets, word processing, graphics, etc.) plus statistical software such as SAS and programming languages (i.e. Python, R). Excellent verbal and written communication skills. Good organizational and time management skills to deal effectively with multiple time demands in very tight timelines. Collaborative entrepreneurial team player with mature judgment, strong interpersonal skills and original approaches to problem resolution; 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. 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).At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values : Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
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Senior Director Model Quantification • Toronto, ON, Canada
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