Director, Model Governance

Canadian Imperial Bank of Commerce • New York, NY

70d • $146,300 - $228,000 • Hybrid

About The Position

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. CIBC's Model Risk Management team is responsible for developing and overseeing the frameworks that keep our models robust, compliant, and effective.

Requirements

• Experience in model risk management, regulatory compliance, and policy development.
• A degree/diploma in a related field such as finance, risk management, or mathematics.

Nice To Haves

• Experience with SR 11-7 or similar regulatory frameworks.

Responsibilities

• Lead the development, implementation, and oversight of a comprehensive model governance framework that ensures compliance with regulatory guidance.
• Establish and maintain model risk policies, procedures, and standards, ensuring alignment with regulatory requirements and best practices.
• Ensure the completeness, accuracy, and ongoing maintenance of the model inventory, including model classification, documentation, and change management.
• Direct the smooth operation of the model risk committee, supporting effective challenge, escalation, and decision-making.
• Serve as the primary point of contact for model governance matters with both internal and external stakeholders.
• Oversee the production and delivery of regular model risk reports to senior management, risk committees, and the Board.

Benefits

• Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans.
• Paid Time Off (including Sick Leave, Parental Leave and Vacation).
• Holidays and 401(k).
• Competitive salary and incentive pay.
• Banking benefits and a benefits program.
• Wellbeing support.
• MomentMakers, our social, points-based recognition program.
• Purpose Day; a paid day off dedicated for personal growth and development.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree