Analyst, Model Risk Governance

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

What You’ll Be Doing

In the role of Model Risk Governance Analyst, you will have the opportunity to join CIBC’s Model Validation group. You will help develop and support CIBC’s model risk management framework to ensure compliance with regulatory requirements (e.g., SR 11-7, E-23, and MRR, etc.). You will interact with model owners, model developers, business users and audit groups to establish and maintain sound processes and procedures for model submission, model inventory management, and ongoing model monitoring, including model conditions monitoring, model recommendations tracking and model performance review on a regular basis. You will also have the opportunity to support model validation work as needed, primarily on pricing models and regulatory capital models to support Capital Markets Risk Management in Parent Bank as well as regional offices (Luxemburg/APAC/CIBC Caribbean, etc.).
- 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 facilitate gap assessments on the current processes and procedures. Propose solutions to potential enhancements to ensure compliance.-
- Critical Thinking: Understand model risk and best practices on model risk governance and controls, and challenge the status quo.- Reporting: Assist in writing documents for policies, standards, processes, and procedures for model risk management. Help prepare reports or presentations to evidence and update on model risk controls and governance work.- Communication: Support the interaction with internal and external auditors to provide attestation or artifacts for governance and control on model risk management. Help communicate regulatory requirements to various stakeholders and senior management.

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 validation, model risk, governance, regulatory compliance, and/or audit is a plus.- You have a degree. Bachelors and/or Masters in the areas of Economics, Mathematical Finance, Financial Engineering, Applied Mathematics, Statistics, or other quantitative areas.- You have good technical skills. Proficient with MS Office tools and some programming skills are an asset.- You love to learn. Maintain up-to-date knowledge regarding regulatory requirements on model risk management and industry best practices for processes and tools for model risk governance and controls.-
- Values matter to you. You bring your real self to work and 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 knowYou 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-CC East 12th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Model Risk, Model Validation, Regulatory Compliance, Risk Control, Risk Governance, Risk Management