Senior Director, Model Quantification

CIBC • Toronto, ON

12d • Hybrid

About The Position

Global Operational and Enterprise Risk Management (GOERM) provides independent oversight, analytics and governance to support the effective management of risk across CIBC. As the Senior Director, Model Quantification, you'll lead the ongoing development, maintenance, use, monitoring and performance of retail credit risk parameter models that support Regulatory Capital, Economic Capital and International Financial Reporting Standard 9 (IFRS 9) provisioning for CIBC’s retail lending products. You’ll act as a subject matter expert and trusted partner to colleagues across the business, Risk Management and regulatory bodies on matters related to probability of default (PD), loss given default (LGD) and exposure at default (EAD) models. In this role, you’ll guide a team of model developers, provide strategic and technical direction, and help ensure models are well governed, clearly documented and effectively implemented. You’ll also contribute to a strong risk culture by strengthening methodologies, supporting regulatory readiness and driving continuous improvement across the function.
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 2-3 days per week on-site, while other days will be remote.

Requirements

• Deep quantitative and credit risk modelling expertise.
• Advanced knowledge of retail credit risk parameter modelling and hands-on experience supporting Regulatory Capital, Economic Capital and IFRS 9 frameworks within a large financial institution.
• Master of Science (MSc) or Doctor of Philosophy (PhD) in Computer Science, Mathematics, Engineering or a related discipline, or comparable experience with at least 5 years in credit risk model development.
• Comfortable using spreadsheet and word processing tools and have experience with statistical software and programming languages such as SAS, Python and R.
• Influential communicator: can translate complex financial and statistical concepts into clear, practical insights for both technical and non-technical audiences, and confident working with senior leaders and control partners.
• Effective leader and collaborator: build strong relationships across teams, use sound judgment, manage multiple priorities effectively and help create an environment where people can do their best work.
• Values matter: bring your real self to work and live our values - trust, teamwork and accountability.

Responsibilities

• Lead the design, development, documentation and ongoing monitoring of retail credit risk parameters used in the calculation of Regulatory Capital, Economic Capital and IFRS 9 provisioning for CIBC’s retail lending portfolios.
• Apply statistical techniques and quantitative methods to identify, assess and validate the drivers of probability of default (PD), loss given default (LGD) and exposure at default (EAD), and recommend enhancements based on model performance and emerging requirements.
• Develop and maintain an overarching regulatory monitoring framework for retail credit risk parameters, conduct regular methodology reviews, and ensure alignment with CIBC policies, standards and regulatory expectations.
• Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals, address findings, assess gaps and drive effective remediation plans.
• Ensure models are implemented successfully in source systems, prepare clear and concise development and review documentation, and present models through formal governance and sign-off committees.
• Build and lead a high-performing team by setting clear direction, connecting work to business goals, developing team capabilities, providing timely feedback, fostering an inclusive and positive work environment, and supporting sound hiring and performance management practices.

Benefits

• competitive salary
• incentive pay
• banking benefits
• a benefits program
• defined benefit pension plan
• 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: Senior