Director, Model Quantification

4 weeks ago

Old Toronto, Canada Canadian Imperial Bank of Commerce Full time
Director, Model Quantification

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locations: Toronto, ON

time type: Full time

posted on: Posted 2 Days Ago

time left to apply: End Date: November 7, 2024 (4 days left to apply)

job requisition id: 2418393

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 a Director, Model Quantification, you will be a part of a team responsible for design and monitoring of the bank’s risk rating methodologies; development and support of risk quantification parameters used in the calculation of regulatory and economic capital for the wholesale portfolios, various ad-hoc credit risk projects. Your responsibilities will include end-to-end management of several Obligor Default Rating models for the wholesale portfolios, including communication with internal stakeholders, model development, documentation and monitoring.

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

  • Model development: Oversee all aspects of the Obligor Default Rating model developed, including stakeholder engagement, modelling techniques and data choices.

  • Communication: Lead the discussions related to model development, validation and implementation with internal stakeholders.

  • Documentation: Create comprehensive documentation related to model development, monitoring and back-testing processes.

  • Implementation: Ensure the models are successfully implemented in production systems.

  • Analytical skills: Develop and apply expertise in collecting and analyzing quantitative and qualitative information, providing conclusions and modelling recommendations.

Who you are

  • You have a degree: Graduate degree (Ph.D. or M.Sc.) in a quantitative (Statistics/Mathematics/Finance/Economics) field.

  • You can demonstrate experience: 5+ years of relevant experience in the wholesale obligor credit rating modeling or validation of such models with a major financial institution. Experience with mathematical or statistical analysis software tools (SAS, R, MATLAB), database management, advanced Microsoft Excel skills.

  • It’s an asset: If you have knowledge of Basel regulatory capital requirements and risk rating systems designs.

  • You love to learn: You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve.

  • 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

  • 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, 29th Floor

Employment Type : Regular

Weekly Hours : 37.5

Skills : Analytical Thinking, Basel III, Credit Ratings, Decision Making, Financial Risk Modeling, Group Problem Solving, MATLAB, Model Analysis, Policy Implementation, Researching, Risk Models, Risk Quantification, R Programming, SAS Enterprise Guide, SAS Enterprise Miner, Statistical Analysis

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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