Director, US Model Validation

CIBC•Chicago, IL

3d•$220,000 - $250,000•Hybrid

About The Position

The Director, US Model Validation provides independent second-line oversight of model validation activities and leads CIBC’s US Model Performance Management function. The role ensures model validation and monitoring align with CIBC policy, US requirements, and regulatory expectations. It reviews validation reports and outcomes to ensure conclusions, findings, and recommendations are rigorous, well-supported, and fit for purpose. The Director oversees performance monitoring across the US model portfolio, including identification and escalation of issues, remediation tracking, and governance reporting. The role leads and develops the US Model Performance Management team and contributes to governance, audit, attestation, and regulatory review activities. Through sound judgment and effective challenge, the Director helps strengthen model risk oversight, improve validation quality, and identify emerging risks and themes across the US business. The position is based in Chicago, Illinois, in a hybrid arrangement requiring at least four days per week on-site. It is not available for visa sponsorship.

Requirements

10 or more years of experience in model validation, model risk management, model performance monitoring, quantitative analytics, or a related oversight function within a large US bank.
Experience with quantitative modeling techniques, model validation practices, model performance monitoring, model risk management principles, and US regulatory requirements.
Experience developing and implementing strategic team goals.
Experience coaching employees and inspiring successful team performance.
A degree or diploma in a quantitative discipline such as Mathematics, Statistics, Econometrics, Finance, Engineering, Physics, or Computer Science.
Ability to investigate complex quantitative issues and assess validation methodologies, monitoring approaches, performance metrics, and conclusions.
Ability to present technical conclusions, challenge positions, and risk themes clearly and credibly to senior stakeholders and governance committees.

Nice To Haves

12 or more years of experience and advanced exposure across multiple model types and risk categories.
Hands-on proficiency with Python, R, SAS, SQL, MATLAB, or similar analytical platforms.
An advanced degree, such as a Master's or PhD.

Responsibilities

Provide independent US oversight of model validation activities to ensure alignment with CIBC policy, US requirements, and applicable regulatory expectations.
Review and challenge validation reports, including their scope, methodology, assumptions, testing, findings, and conclusions.
Lead US Model Performance Management, overseeing model performance monitoring, threshold breaches, issue escalation, remediation tracking, and governance reporting.
Identify gaps, weaknesses, inconsistencies, and emerging risks in validation and performance monitoring, and escalate material concerns, policy exceptions, and regulatory issues.
Manage the US Model Performance Management team through work allocation, quality oversight, coaching, and development.
Contribute to governance, audit, attestation, and regulatory review activities.
Maintain current knowledge of US model risk management guidance and regulatory expectations.