Manager, Non-Model Quantitative Methods

CIBC • Chicago, IL

4d • $110,000 - $126,900 • 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. To learn more about CIBC, please visit CIBC.com The Manager of Non-Model Quantitative Methods is accountable for supporting the Director, Model Governance in the following activities: Own and evolve CIBC’s enterprise-wide governance framework for non-model quantitative tools (“Model Risk-Sensitive Applications” or MRSAs) — high-impact quantitative tools that fall outside the traditional model taxonomy but drive pricing, valuation, capital, liquidity, and stress-testing decisions, or support existing models with key upstream or downstream tasks. You will provide strategic direction and advice to application owners and technology stakeholders, interface with regulators, and ensure that all MRSAs meet or exceed internal policy requirements and external regulatory expectations (e.g., OSFI E-23, SR 11-7, OCC 2011-12).

Requirements

• 5+ years’ experience in end-user computing technology management, model risk management, quantitative validation, or financial risk engineering within a large financial institution.
• 5+ years' experience interpreting complex financial industry regulations and extensive experience with SR 11-7 compliance.
• Knowledge of credit risk, market risk, liquidity risk, and financial products.

Responsibilities

• Strategic Governance & Framework Development Develop, refine, and socialize the bank-wide policy for MRSA identification, classification, independent review, and controls for life-cycle management. Oversee risk-tiering criteria, materiality thresholds, review frequencies, and escalation processes. Ensure alignment with broader MRM and Technology governance standards.
• Oversight of Validation & Independent Review Review and challenge classification and risk rating of MRSAs. Oversee independent review processes covering conceptual soundness, data quality, processing logic, and output accuracy. Coordinate and track independent reviews performed by the Model Risk Management team. Track ongoing compliance with independent review requirements, escalating overdue reviews.
• Regulatory & Policy Compliance Act as primary liaison for external and internal examiners on matters related to MRSAs. Prepare executive-level briefings, board reporting, and attestation packages demonstrating compliance. Track evolving regulatory guidance and lead MRSA related policy and procedures updates in response.
• Risk Reporting & Issue Management Own the inventory of MRSAs, ensuring completeness and real-time accuracy. Present quarterly risk dashboards and thematic findings to the Model Risk Management Committee. Execute timely closure of audit and regulatory findings related to MRSA.
• Stakeholder Engagement & Advisory Partner with Front-Office, Risk, Treasury, Finance, and Technology leaders to embed control requirements early in tool development. Deliver targeted training and awareness sessions to promote a strong risk culture.

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $110,000- $126,900 for the market based on experience, qualifications, and location of the position.
• The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
• CIBC offers a full range of benefits and programs to meet our employee’s needs; including 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), in addition to other special perks reserved for our team members.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees