Director, Model Quantification

Job title:

Director, Model Quantification

Company

CIBC

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 visitWhat you’ll be doingAs 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 succeedModel Development – Oversee all aspects of the 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.Analytics – Develop and apply expertise in collecting and analyzing quantitative and qualitative information, providing conclusions and modelling recommendations.Who you areYou 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 credit risk modeling and/or credit risk validation at a 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. Knowledge of wholesale lending portfolios and familiarity with CIBC electronic systems and delivery options.You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.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 OffersAt 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 conditionsWhat you need to knowCIBC 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 contactYou 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 FloorEmployment Type RegularWeekly Hours 37.5Skills Analytical Thinking, Decision Making, Group Problem Solving, Model Analysis, People Management, Policy Implementation, Researching, Risk Models, Risk Quantification

Expected salary

Location

Toronto, ON

Job date

Wed, 11 Sep 2024 22:40:35 GMT

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