Model Risk Management - Consultant

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 US Model Risk Management (MRM) team is responsible for defining and maintaining the Model Risk Management framework within the Combined US Operations (CUSO). Model Risk has become a fundamental piece in Risk Management since the issuance of the Federal Reserve Bank Guidelines for Model Risk Management SR11-7. MRM has drawn more visibility within the Bank and amongst regulators as the Bank’s inventory of models expands. As such, the MRM Consultant will assist in maintaining policy, procedures, reporting, escalating model risks and controls and addressing all regulatory and audit deficiencies. This role involves working closely and collaboratively with Global Model Validation, model development, model owners and model users to manage model risk.

What you’ll be doing

You’ll be joining CIBC’s US Model Risk Management team. You’ll help safeguard our clients, brand and reputation by providing expert advice on all measures of risk. As a Consultant, you’ll work closely with business leaders and Risk Management partners to identify, measure, monitor, and control risk. You’ll use your expertise in technology and operations to provide guidance to business partners and ensure CIBC continues to meet the standards for enterprise risk.

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 3 days per week on-site, while other days will be remote.

How you'll succeed

• Model Risk Management (MRM) Database - Maintain the current MRM model performance monitoring and model inventory databases to ensure accuracy and functionality. Work with management to expand usage of the database for business intelligence. Work with management to expand data elements and functionality for usage by US Model Validation.

• Risk Reporting – Support risk reporting for different lines of business. Identify technology risk priorities, industry best practices, and emerging trends in risk mitigation strategies. Proactively respond to any inquiries and stay up-to-date on the latest tools and information that can help reduce our enterprise risk.

• Governance support – Proactively contribute to governance initiatives, providing business and risk advice, as well as insight on management processes. Minimize the business’s exposure to risk by ensuring our business and partners are meeting compliance and regulatory standards.

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 3 days per week on-site, while other days will be remote.

Who you are

• You have relevant work experience. You have 2-3 years of experience in risk management in banking, financial services, and/or a related industry. You have experience maintaining reporting databases in SQL Server or Databricks.

• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• 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're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends. You have proficiency with query languages such as SQL and Python. Experience with other query language such as R or SAS are a plus. You have experience with Microsoft Office products such as Word, Excel, Powerpoint, and Outlook.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

• You have a masters degree/diploma in in Business, Finance, Economics, Math, Statistics, Data Analytics and/or a related field of study.

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

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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $80,000 - 95,000 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 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 aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, 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.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and 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, 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.

Job Location

IL-70 W Madison St, 9th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Microsoft SQL Server, Python (Programming Language), Reporting and Analysis, Risk Management, Risk Reporting