Senior Quantitative Risk Analyst

4 days ago


Old Toronto, Ontario, Canada Canadian Imperial Bank of Commerce Full time
Job Summary

We are seeking a highly skilled Senior Quantitative Risk Analyst to join our Model Validation team at the Canadian Imperial Bank of Commerce. As a key member of our team, you will be responsible for conducting model reviews and validating CIBC's analytical and statistical models to ensure their accuracy and reliability.

Key Responsibilities
  • Model Review and Validation: Conduct independent reviews of CIBC's models to assess their mathematical underpinnings, modeling rationale, and assumptions.
  • Technical Expertise: Develop numerical benchmarks and conduct testing to evaluate the accuracy of model implementations and identify potential limitations.
  • Critical Thinking: Apply critical thinking skills to understand model risk and best practices in model validation approaches.
  • Reporting and Communication: Prepare and present model validation reports to stakeholders, including senior management, and communicate potential issues or concerns related to model risk.
Requirements
  • Education: Master's or Ph.D. degree in Mathematical Finance, Financial Engineering, Applied Mathematics, or Statistics.
  • Experience: 1+ years of experience in model validation, model development, or quantitative analyst roles, preferably in a financial institution.
  • Skills: Strong programming skills in languages such as C/C++, MATLAB, R, Python, VBA, SAS, and experience with financial derivatives products and capital markets risk management practices.
  • Personal Qualities: Strong analytical and problem-solving skills, excellent communication and reporting skills, and a passion for learning and staying up-to-date with industry developments.
What We Offer
  • Competitive Compensation: A competitive salary and incentive pay package.
  • Benefits: A comprehensive benefits program, including a defined benefit pension plan and employee share purchase plan.
  • Professional Development: Opportunities for career growth and professional development, including training and mentorship programs.
Why Join Us

At the Canadian Imperial Bank of Commerce, we value our employees and strive to create a work environment that is inclusive, diverse, and supportive. We offer a range of benefits and programs to help you achieve your goals and advance your career.



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