Model Risk Management - Consultant
Model Risk Management - Consultant
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$ 80000 - 95000
1 Vacancy
Job Description
Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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
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 Banks 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 youll be doing
Youll be joining CIBCs US Model Risk Management team. Youll help safeguard our clients brand and reputation by providing expert advice on all measures of risk. As a Consultant youll work closely with business leaders and Risk Management partners to identify measure monitor and control risk. Youll 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. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 3 days per week on-site while other days will be remote.
How youll 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 businesss 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. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll 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 dont. Your critical thinking skills help to inform your decision making.
Youre 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.
Youre 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.
California residents your privacy rights regarding your actual or prospective employment
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $80000 - 95000 for the market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees 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) Holidaysand 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
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 FlEmployment Type
RegularWeekly Hours
40Skills
Analytical Thinking Microsoft SQL Server Python (Programming Language) Reporting and Analysis Risk Management Risk ReportingRequired Experience:
Contract
Employment Type
Full-Time
