Senior 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.

To learn more about CIBC, please visit CIBC.com

What you’ll be doing

As the Senior Quantitative Analyst, Model Validation, you will have the opportunity to conduct an independent validation of CIBC’s analytic Retail models, approaches, methodologies, computations and techniques applicable to Bank-wide financial analytics, in particular, used for calculation of Economic and Regulatory Capital, IFRS 9, Stress Testing, Treasury, Account Management, Fraud, Anti-money laundering (AML).

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 and Problem Solving - Review the model's fundamental rationales and assumptions for soundness, as well as the theoretical underpinnings for consistency.

• Technical Expertise and Testing - Develop an independent benchmark, using suitable programming languages and tools, and then conduct various quantitative/qualitative tests to assess the accuracy, strength and weakness of the model.

• Reporting - Write a validation/vetting report that includes a description and analysis of both model and benchmark approaches, as well as model risk and limitation.

Who you are

• You have a degree. Master’s or Ph.D. degree in one or more of the following: finance, mathematics, applied mathematics, statistics, economics, econometrics, physics, computer science, engineering, etc.

• You can demonstrate experience. Model validation, model development, and/or internal audit experience. In-depth hands-on experience in Statistical modelling tools (e.g., SAS, Matlab, R and Python), strong qualitative and quantitative analytical skills from experience working with large data volumes.

• You can demonstrate knowledge. Of econometric/Statistical models, AIRB credit risk models (PD, LGD, EAD), IFRS 9/CECL, Fraud, AML, Scorecards, Adjudication, AI/Machine Learning, Stress Testing, etc.

• You love to learn. You're passionate about growing your knowledge. You have a strong sense of curiosity. Maintain up-to-date knowledge with regard to development and changing technology in risk management.

• You’re motivated 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 Mailbox.careers-carrieres@cibc.com

• 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, Reporting and Analysis, Risk Models, Risk Quantification