• Job Description

  Req#: 2418133

  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 member of the Internal Audit – Model Risk group, you will be primarily responsible for contributing to the execution of audit assignments with medium to high level of complexity focusing on credit risk models used for risk measurement, capital and management decision making (Basel II, Basel III, PD, LGD, IFRS9 models). In addition, you may participate in the model audits or projects covering other areas e.g. market risk models, Capital Markets valuation models, AML and Fraud models.

  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

  • Audit analysis – you will provide analytical leadership in the execution of audits including evaluation of the following:

    • Model governance and management processes

    • Model development, design, theories and assumptions

    • Reasonableness of model output

    • Model validation

    • Model documentation

    • Model implementation

    • Model risk mitigating techniques throughout the life cycle of the model

  • Plan, lead and execute audits – In addition to performing assigned tasks as an individual contributor for model risk audits, you may act as an auditor-in-charge of small to medium size audits to develop audit scopes, resourcing plans and budgets. You will also provide support to model related projects and assist the Director in the annual planning process, on-going risk assessment, staffing and scheduling.

  • Deficiency management – You will review artifacts supporting implementation of the corrective action plans, assess whether committed actions are effective and conclude on risk remediation.

  Who you are

  • You demonstrate experience and understanding of quantitative techniques used in developing and validating Credit Risk models: PD, LGD and EAD. It’s an asset if you have experience with market risk management modeling and a strong level of awareness around emerging industry issues (e.g. Basel II/III and FRTB). Computing development skills, knowledge of mathematical, statistical and database modeling tools, e.g. SAS, R, Python would be a definite asset.

  • You have a graduate degree in an analytic discipline such as Mathematics, Statistics, Physics or Quantitative Finance.

  • You are a motivated and fast learner who is comfortable with changes and willing to expand beyond your typical scope. You have strong interpersonal, verbal and written communication, and conflict management skills are an asset.

  • You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

  • 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

  • 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 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, 34th Floor

  Employment Type

  Regular

  Weekly Hours

  37.5

  Skills

  Analytical Thinking, Audit Management, Internal Controls, Operating Effectiveness, Risk Based Auditing, Risk Management and Mitigation, Work Collaboratively

• About the company

  The Canadian Imperial Bank of Commerce, commonly referred to as CIBC, is one of the "Big Five" banks in Canada.

Notice