Senior Quantitative Analyst, Model Quantification

at  CIBC

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
As a Senior Quantitative Analyst, Model Quantification, you will be a part of a team responsible for design and monitoring of the bank’s risk rating methodologies; development and support of risk quantification parameters used in the calculation of regulatory and economic capital for the wholesale portfolios, various ad-hoc credit risk projects. You will work on development, documentation and monitoring of risk quantification models (Obligor Default Rating) for the wholesale portfolios. Your responsibilities will include ensuring that data used for model development is reliable and robust.
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 1-3 days per week on-site, while other days will be remote.

How you’ll succeed

• Model Development - Ensure that models are developed based on sound principles and suitable data.
• Documentation - Create comprehensive documentation related to model development, monitoring and back-testing processes.
• Implementation - Ensure the models are successfully implemented in production systems.
• Learning - Keep up to date on the latest developments in credit risk analytics and industry best practices.
• Analytical Skills - Develop and apply expertise in collecting and analyzing quantitative and qualitative information, providing conclusions and modelling recommendations.

Who you are

• You have a degree. Graduate degree (Ph.D. or M.Sc.) in a quantitative (Statistics/Mathematics/Finance/ Economics) field.
• You can demonstrate experience. With mathematical or statistical analysis software tools (SAS, R, MATLAB), database management, and advanced Microsoft Excel skills.
• It’s an asset. Relevant experience in the banking sector and/or financial institution. Experience in credit risk modeling or credit risk validation.
• You love to learn. You’re passionate about growing your knowledge, and you know that there is no limit to what you can achieve.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

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, defined benefit pension plan, an employee share purchase plan, 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, 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.

Job Location
Toronto-81 Bay, 29th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Credit Risk Modeling, Credit Risks, Decision Making, Group Problem Solving, Model Analysis, Regulatory Requirements, Risk Models, Risk Monitoring, Risk Quantificatio

Please refer the Job description for details