Director, Treasury Retail Behavioural Models

CIBC • Toronto, ON

3d • Hybrid

About The Position

As the Director, Treasury Retail Behavioural Models, you will play a critical role in advancing CIBC’s expertise in consumer behavioural risk through the application of advanced modeling techniques. This position focuses on developing and implementing robust statistical models that capture and predict retail customer behaviour, empowering the Treasury Analytics function to drive strategic growth and strengthen risk management. In this role, you will generate strategic insights by identifying and analyzing key behavioural risk drivers within retail products, ensuring that statistical modeling is effectively translated into actionable business and technology initiatives. Success requires hands-on expertise in advanced statistical modeling, quantitative analytics, and the ability to communicate complex analytical findings to senior management and business partners. Your contributions will enhance the bank’s ability to understand, model, and manage retail behavioural risk, enabling informed decision-making and organizational improvement. 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

• 5+ years experience in Asset Liability Management (ALM), Analytics, Modeling, and Risk Management with a bank and/or other financial institution.
• Experience in analytics with a focus on statistical modeling, behavioural analysis, and risk measurement is a strong asset.
• Strong work experience in applied mathematical, quantitative analytics, statistical, or stochastic modeling.
• Strong system and quantitative programming skills using Python/R/C++/SQL or high-level languages.
• Experience in working with banking retail products such as commitments, mortgages or GICs.
• Knowledge in financial economics, financial mathematics such as fixed income theory, statistics, treasury processes, risk management and balance sheet modeling techniques.
• Strong theoretical understanding of financial economics, financial mathematics, statistics, risk management and option modeling techniques.
• Ability to express modeling insights with an aptitude for explaining PnL and risk drivers.
• Experience in advanced GLM (including Cox regression), panel time series and model selection.
• Degree (Masters/Doctoral) in mathematics, statistics, computer science, quantitative finance, engineering, statistics and/or related technical subject.

Nice To Haves

• Expertise in developing and applying advanced statistical models to retail banking products, along with experience in quantitative analytics and exposure to valuation and risk metrics of various interest rate derivatives will be an asset.

Responsibilities

• Lead the design and implementation of advanced statistical models and methodologies to represent and forecast retail customer behaviour and risk.
• Develop, validate, and enhance behavioural models using techniques such as Generalized Linear Models (GLM), survival analysis, panel time series, and other advanced statistical methods.
• Take ownership of developing robust behavioral risk analytics, ensuring all practical risk factors arising from customer behaviour are identified, measured, and managed.
• Prototype and refine behavioral modeling strategies.
• Support the design and implementation of analytics and methodologies for risk representation and funds transfer pricing of retail products.
• Contribute to the development of robust pricing and risk analytics to help ensure all practical hedge-able risks are identified and managed.
• Assist in prototyping pricing and hedging strategies for fixed income derivatives.
• Support the development and implementation of strategic business initiatives, collaborating across CIBC to communicate Treasury Analytics methodologies and resolve analytic/data requirements.
• Oversee the maintenance of the pricing, risk, and analytics library, ensuring integration and consistency across all Treasury systems for bank-wide benchmarking and risk validation.
• Develop and execute test plans, quality assurance, and user-acceptance testing to validate analytics and methodologies.
• Ensure all models and methods are vetted and approved, maintaining consistency of risk measures and mitigating model risk across platforms.
• Oversee the modeling of the retail risk representation in the cashflow modeling book (CFMB).
• Collaborate with the LOB to understand any behavioural changes and strategic thinking to evolve the program to effectively model and hedge risk.
• Liaise with Treasury CFO group to interpret and explain cash-flow modeling P/L variability.
• Enhancing PnL decomposition processes and signing off on daily and monthly cash-flow modeling P/L.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Director