Director, Model Quantification

CIBC•Toronto, ON

2d•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. As 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.

Requirements

Graduate degree (Ph.D. or M.Sc.) in a quantitative (Statistics/Mathematics/Finance/ Economics) field.
5+ years of relevant experience in the wholesale obligor credit rating modeling or validation of such models with a major financial institution.
Experience with mathematical or statistical analysis software tools (SAS, Python, R), database management, advanced Microsoft Excel skills.

Nice To Haves

Knowledge of Basel regulatory capital requirements and risk rating systems designs.

Responsibilities

End-to-end management of several Obligor Default Rating models for the wholesale portfolios, including communication with internal stakeholders, model development, documentation and monitoring.
Oversee all aspects of the Obligor Default Rating model developed, including stakeholder engagement, modelling techniques and data choices.
Lead the discussions related to model development, validation and implementation with internal stakeholders.
Create comprehensive documentation related to model development, monitoring and back-testing processes.
Ensure the models are successfully implemented in production systems.
Develop and apply expertise in collecting and analyzing quantitative and qualitative information, providing conclusions and modelling recommendations.

Benefits

competitive salary
incentive pay
banking benefits
a benefits program
defined benefit pension plan
an employee share purchase plan
a vacation offering
wellbeing support
MomentMakers, our social, points-based recognition program.
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.