Associate, Data Scientist, Alternate Solutions Group - 1 year term

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

What You’ll Be Doing

Join the Alternate Solutions Group (ASG) as a Data Science Associate and make a real difference for our clients. Within CIBC Global Markets, the Alternate Solutions Group was launched in 2013 with a mandate to develop innovative and creative technology-driven capital markets solutions. This group is an unconventional capital markets organization that combines the innovative spirit and agility of a FinTech startup with the financial strength and strong governance protocols of a major financial institution. ASG has been recognized as a global leader in providing disruptive technological capital markets solutions in several product areas, including Cross Border Payments, Dynamic Currency Conversion, Multi-currency Pre-paid Cards, Foreign Cash & Precious Metals Online, and white labeling thereof. ASG’s client base stretches from some of the largest banks in the world to corporates and CIBC’s retail clients.

We are hiring on the Conversion Services team. This team helps to enable international cardholders to pay in their local currency through various channels. These optional services provide foreign cardholders with the transparency of knowing exactly how much they will be debited. This is a fast-paced environment and you will work as part of a dynamic, hardworking, production-focused product team. Your key mandate will be to optimize efficiency and accuracy in the data science team, while driving revenue growth and delivering value-added insights for our clients and businesses.

We are looking for a high-energy individual with an analytical background, who will drive improvements within the Data Science team in the Conversion Services business. As an Associate, you will play a crucial role in adding data-driven insights and driving new initiatives to help achieve ASG’s goals. You will be an expert in Machine Learning and AI, with a proven track record in model development and deployment. Using your insights, you will translate business challenges into data science solutions. This role requires a strong analytical mindset, the ability to work collaboratively, and a passion for leveraging data to drive business decisions.
 

At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you’ll be on-site full-time.

How You’ll Succeed

• Model Development and Deployment: You will design, develop, and implement machine learning models to tackle complex business challenges, utilizing advanced statistical techniques and algorithms to enhance predictive accuracy. Additionally, you will enable the deployment of these models into production environments, ensuring they are scalable, reliable, and perform optimally.

• Experimentation & A/B Testing: You will conduct rigorous experimentation and A/B testing to evaluate model performance and inform data-driven decision-making. Analyze results and provide actionable insights to stakeholders.

• Documentation & Reporting: You will maintain comprehensive documentation of model development processes, methodologies, and results. Present findings and recommendations to both technical and non-technical audiences.

• Product and process improvement: You will actively seek concrete and practical ways to enhance our product and overall value proposition for our clients. By understanding and reviewing our processes, you will identify areas for improvement and propose as well as execute productivity-enhancing solutions. Additionally, you will stay current with industry trends and advancements in machine learning and data science, allowing you to propose and implement improvements to existing models and processes.

• Relationship Management: You will build effective relationships with internal stakeholders, including sales, delivery, and technology, as well as external clients, to successfully execute initiatives and bring new clients, capabilities, and initiatives to market. In this role, you will communicate complex concepts clearly and elegantly, collaborating closely with business partners to understand their challenges by asking insightful questions and gathering necessary information. You will demonstrate a deep understanding of the business problem and address any questions or concerns raised by our partners.

Who You Are

• You have a postgraduate degree in Data Science, Computer Science, Mathematics, Engineering, or other related fields, or equivalent work experience. It is an asset if you have a Master's or Ph.D. in a related field.

• You have at least 3 years of experience working in AI/ML, Data Science, or advanced analytics functions.

• You have demonstrated experience with modern data science, machine learning and ML toolkits, such as Pandas, scikit-learn, XGBoost, PyCaret. It is an asset if you have experience in building ML pipelines to streamline the deployment of models into production. 

• You have demonstrated interest in Capital Markets. You’ve built a strong knowledge of Capital Markets, FinTech or the financial services industries which allows you to analyze complex issues and identify & develop innovative opportunities.

• You are goal-driven. You are motivated by the desire to build a thriving new business, in a fast-paced and competitive environment, with aggressive targets

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

• You are a problem solver. You have exceptional critical thinking, problem solving, and decision-making skills with demonstrated ability to independently identify and analyze problems and recommend solutions.

• You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.

• You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.

• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• You have strong communication and relationship building skills. Working experience in multiple languages an asset. Your ability to communicate effectively across lines of business, infrastructure groups and external partners is vital to the success of the business priorities you manage. You also understand strong negotiations and influencing skills will be required to achieve business goals.

• Values matter to you. You bring your real self to work, and you live our values – trust, teamwork and accountability.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.

• We work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

*Subject to program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Expected End Date

2026-06-05

Job Location

Toronto-161 Bay St., 4th

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Business, Business Direction, Client Service, Communication, Customer Relationship Management (CRM), Customer Relationships, Data Analysis, Equity Derivatives, Global Market, Hiring, Interest Rate Derivatives, Market Analysis, Market Trading