Senior Director, Model Quantification

Overview

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

The Senior Director, Model Quantification (MQ) reports directly to the Vice-President (VP), MQ. The incumbent will be accountable for the on-going development, maintenance, usage, monitoring and performance of all credit risk rating models related to Bank, Non-Bank Financial Institutions counterparties and Project Finance (including Commercial Real Estate lending). The role will also act as a subject matter expert and key liaison with other groups in the lines of business, Risk Management and regulatory bodies as it relates to these credit risk rating models.

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. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

The key accountabilities of the Senior Director, MQ:

• Credit 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 eview 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.

Who You Are

• 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;

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, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Control Frameworks, Decision Making, Group Problem Solving, Long Term Planning, Model Analysis, People Management, Regulatory Requirements, Risk Analysis, Risk Models, Risk Quantification