Quantitative Analyst, Model Validation

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.

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What You'll Be Doing

As a Quantitative Analyst in the Model Validation team, you will play a critical role in ensuring the integrity, reliability, and regulatory compliance of CIBC’s models. You will focus on validating models across various domains, including credit risk, Anti-Money Laundering (AML)/Fraud risk, market risk, operational risk, and capital adequacy, in alignment with the revised OSFI E-23 guidelines. Your expertise in quantitative analysis and regulatory frameworks will help safeguard the bank’s risk management practices and ensure sound decision-making.
- 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 Validation- Regulatory Compliance
- Ensure all model validation activities align with the revised OSFI E-23 guidelines and other applicable regulatory requirements. Prepare detailed validation reports and documentation to support regulatory submissions and internal audits.- Communication
- Work closely with various stakeholders and senior management to communicate validation findings and recommendations. Provide technical expertise and guidance on model risk management best practices.- Continuous Improvement
- Stay updated on industry trends, regulatory changes, and advancements in quantitative modeling techniques. Contribute to the development and enhancement of CIBC’s model risk management framework.

Who You Are-
- You have a Bachelor’s or Master’s degree in the areas of Mathematical/Computational Finance, (Financial) Engineering, Applied Mathematics (Statistics/ Econometrics) and Computer Science (Software Engineering).- You love to learn. Maintain up-to-date knowledge with regard to various modeling technique (e.g., linear/logistic/non-linear regression models and machine-learning models), regulatory requirement on capital calculation and model risk management.-
- 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- 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. 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, Risk Models, Risk Quantification