Audit Manager

Canadian Imperial Bank of Commerce•New York, NY

26d•$132,500 - $220,900•Onsite

About The Position

CIBC Bank USA seeks an Audit Manager to ensure financial model risk is appropriately identified and monitored across business activities. The role executes model risk audit programs to test complex quantitative and qualitative models and leads large-scale model audits, including creating risk control assessments, preparing audit canvases, reviewing audit testing results, and providing feedback to auditor team members. The Audit Manager drafts deficiencies and audit reports based on audit testing, documents audit results to communicate risk and impact according to internal audit methodologies and requirements, and leverages data analytics and artificial intelligence tools to increase audit efficiencies. The position is located in New York, NY, and requires up to 5% domestic travel.

Requirements

Master’s degree in Finance, Financial Mathematics, or a related quantitative field.
3 years of experience with model risk audits, model development, or model validation in the financial services industry.
3 years of experience with Python, SAS, or R.
3 years of experience implementing U.S. model risk regulatory guidance.
2 years of experience managing communications with U.S. regulatory authorities.
2 years of experience developing or validating credit risk rating models.
2 years of experience developing or validating market risk models.
1 year of experience developing or validating CECL models.
1 year of experience developing or validating anti-money laundering compliance models.
1 year of experience developing or validating stress testing models.
Legally eligible to work at the specified location and, where applicable, possess a valid work or study permit.

Responsibilities

Ensure financial model risk is appropriately identified and monitored across business activities.
Execute model risk audit programs to test complex quantitative and qualitative models.
Lead large-scale model audits, including creating risk control assessments and preparing audit canvases.
Review audit testing results and provide feedback to auditor team members.
Draft deficiencies and audit reports based on audit testing.
Document audit results to communicate risk and impact according to internal audit methodologies and requirements.
Leverage data analytics and artificial intelligence tools to increase audit efficiencies.