Remote Opportunity

Quantitative Analyst, Model Validation

Join CIBC as a mid professional working remotely from Canada. Explore the role, benefits, and apply in one place.

Full Time
$90,000 - $150,000*
2 weeks ago
Canada
Worldwide
Model Risk Management & Validation
Mid
Python
SAS
MATLAB
+2 more

Job Description

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 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- Conduct independent validation of models used for risk management, stress testing, capital adequacy, and other business applications. Assess model performance, assumptions, and methodologies to ensure compliance with OSFI E-23 guidelines. Perform rigorous testing, including back-testing, sensitivity analysis, and benchmarking. Identify and quantify model risks, including limitations and weaknesses, and recommend mitigation strategies.

  • 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 can demonstrate experience and knowledge of financial products (including the corresponding risk measurement models) and the regulatory requirements on model risk management. You have good programing skills, e.g. Phyton, SAS, Matlab and VBA etc. Knowledge of AI/ML/LLM models and applications would be an asset.

  • 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.

  • You’re driven by collective success. You collaborate well in a team, learning from others and applying your skill set. You proactively seek new opportunities to define what’s possible. 

  • 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 [email protected]

  • CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

  • 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 test (such as simulation, coding, French proficiency).

  • We use artificial intelligence tools during the recruitment process. 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, Risk Models, Risk Quantification

Requirements

  • Experience in quantitative analysis and regulatory frameworks
  • Knowledge of financial products and risk measurement models
  • Good programming skills
  • Bachelor's or Master's degree in Mathematical/Computational Finance
  • Ability to learn and adapt to new technologies

Benefits

  • 401k Matching
  • Health Insurance
  • Paid Time Off
  • Remote Work

Skills

Python
SAS
MATLAB
VBA
AI/ML/LLM models

About AI-Estimated Salary

The salary range shown was not provided by the employer. Our AI has estimated it based on the job title, required experience, location, and industry standards (confidence: 80%). This estimate should be used as a general guide only and may not reflect the actual compensation. Always confirm salary details directly with the employer during the application process.

Ready to Apply?

Join CIBC today

Salary Range (AI-Estimated)*
$90,000 - $150,000
80% confidence
Posted 2 weeks ago

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