Senior Analyst, Model Risk Governance

2 weeks ago


Old Toronto, Canada Canadian Imperial Bank of Commerce Full time

Senior Analyst, Model Risk Governance page is loaded Senior Analyst, Model Risk Governance Apply locations Toronto, ON time type Full time posted on Posted 4 Days Ago job requisition id 2412921

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 the Senior Analyst, Model Risk Governance, you’ll have the opportunity to join the CIBC’s Model Validation group. You’ll help to develop sound model risk management framework to ensure compliance with regulatory requirements (e.g. SR 11-7, E-23, and MRR, etc.), including establishing standards, procedures, templates and workflow to govern each stage of the model’s life cycle. You will perform model risk control activities from an ongoing perspective, including maintaining enterprise-wide model inventory to track model usage and assessing the ongoing monitoring results on model limitations or model performance as well as updating model risk materiality assessment periodically. You will interface with model owners/developers/users and internal audit as a central point of contact on model risk management. You will also have the opportunity to support model validation work as needed, e.g. reviewing, testing, assessing, and documenting model’s robustness and providing recommendations on model approval or limitations.

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 1-3 days per week on-site, while other days will be remote.

How you’ll succeed

  • Problem Solving –Review the regulatory requirements and conduct gap assessment on the current process and procedures as well as provide solutions to potential enhancement to ensure compliance.

  • Project Management and Planning – Understand the model risk governance framework and apply project management skills to plan and prioritize model risk control activities and provide periodically status update to management.

  • Critical Thinking –Understand the model risk and the best practice and can provide challenges to status quo.

  • Reporting –Write documents for policies, standards, process and procedures for model risk management and prepare report or presentations to evidence and update on the model risk controls and governance work.

  • Communication –Be able to communicate the regulatory requirements to various stakeholders and senior management as well as audit groups.

Who you are

  • You can demonstrate experience and knowledge. Of the financial services sector (especially financial banks) and the regulatory requirements on model risk management. Experience in areas such as model risk, governance, regulatory compliance, and/or audit. You are proficient with MS Office Tools.

  • You have a degree. Bachelors and/or Masters in the areas of Economics, Mathematical Finance, Financial Engineering, Applied Mathematics, and Statistics or other quantitative areas.

  • You love to learn. Maintain up-to-date knowledge with regard to regulatory requirements on model risk management, and industry’s best practice of processes and tools for model risk governance and controls.

  • You’re motivated by collective success. You collaborate well in a team, learning from others and develops and maintains strong relationships with internal and external customers/contacts. You know that an inclusive team that enjoys working together can bring a vision to life.

  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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

  • 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 tests (such as simulation, coding, French proficiency, MS Office). 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, Decision Making, Group Problem Solving, Model Analysis, Regulatory Requirements, Reporting and Analysis, Risk Models, Risk Quantification Similar Jobs (3) Senior Manager, Risk Register locations Toronto, ON time type Full time posted on Posted 7 Days Ago Senior Analyst, Liquidity, Funding & Financial Crisis Management locations Toronto, ON time type Full time posted on Posted 7 Days Ago Sr. Financial Analyst, Management Reporting locations Toronto, ON time type Full time posted on Posted Yesterday

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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