Senior Quantitative Analyst

CIBC • Toronto, ON

7d • 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. The Senior Quantitative Analyst will be reporting to the Senior Director, Counterparty Credit Risk Methodology within the Quantitative Risk group of Capital Markets Risk Management (CMRM). In this role you will be responsible for providing first line of defence on the counterparty credit risk model used for counterparty trading limit monitoring as well as regulatory capital. This will include working with key front office and risk stakeholders on all aspects of counterparty credit risk management and associated control framework. 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

• Experience in defining and developing risk models to support the risk managers on decision making.
• Well trained in quantitative techniques, capable of reading and critiquing the modern literature and to enhance cutting edge research independently.
• Previous experience with developing and testing models as well as ability to code.
• A degree in a quantitative field.
• Strong knowledge of quantitative finance.
• Digitally savvy, seeking out innovative solutions and embracing evolving technologies.
• Ability to adapt to new tools and trends.
• Motivated by accomplishing goals and delivering best to make an impact.
• Ability to investigate complex problems, and making sense of information.
• Confident in ability to communicate detailed information in an impactful way.
• Values matter, bringing your real self to work and living values – trust, teamwork and accountability.
• Legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.

Nice To Haves

• Worked in Quantitative Risk modeling within Capital Market Risk.
• Graduate degree (preferably doctorate).

Responsibilities

• Address quantitative needs of the counterparty credit risk model through active analysis of critical issues with risk measures and delivering quantitative solutions.
• Provide consultative services and presentations regarding pricing, valuation and risk measurement of financial products, as required.
• Support continuous enhancement of the CMRM models for pricing and risk measurement of derivatives and other complex products for counterparty credit risk as well as calibration of model parameters.
• Ensure that all models meet various regulatory and business requirements.
• Participate in projects across the Quantitative Risk group, ensuring deliverables are consistently met.
• Make recommendations based on the impact, effectiveness and feasibility of proposed valuation and risk measurement models and methodologies.
• Communicate ideas effectively to stakeholders to ensure that model risk is understood, assimilated and managed well within CMRM risk management practices and CIBC risk appetite.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• Defined benefit pension plan
• Employee share purchase plan
• 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