Job Information
CIBC CECL and AIRB Model Manager in Chicago, Illinois
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 (https://www.cibc.com/en/about-cibc.html)
As a CECL and AIRB Model Manager, you will directly report to the CECL analytics and reporting BI director and be responsible for (1) developing, maintaining and monitoring CECL model risk parameters and the ongoing analytics support for CECL production; (2) developing, enhancing and maintaining the AIRB scorecard model; (3) performing any ad-hoc analysis to support overall portfolio / LOB analytics.
How you’ll succeed:
Develop and enhance CECL segmentation schema and model risk parameters (e.g., PD, LGD, EAD and prepayment) for the in-scope portfolios for CECL, including loans, HTM and AFS debt securities.
Respond to and address model validation findings for model approval, as well as address the regulatory and external auditor’s findings
Monitor, maintain and update CECL segmentation schema and model risk parameters calibrations
Design and perform CECL analytics support for ongoing production, including attribution analysis, sensitivity analysis and so on
Maintain and enhance the CECL ACL aggregator / implementation platform
Provide analytical support for CECL business decisions
Develop, enhance and maintain AIRB rating segmentation schema and risk parameters (e.g., PD, LGD and EAD) for the in-scope portfolios.
Collaborate with and provide feedbacks to the credit risk data team for ongoing credit model data enhancement
Provide ad-hoc analytical supports to the risk management function and lines of business Key Accountabilities
Support the CECL analytics and reporting BI director in developing CECL analytics capabilities, as well as any ongoing ad-hoc risk analysis
Coordinate with the accounting policy, controller, finance functions and Global (Parent) CIBC teams for CECL model development and enhancement
Coordinate with the business and identify the need / opportunity for AIRB model development and enhancement
Buildout, innovate and expand risk analytics ownership and capabilities
Participate and collaborate in the creation of a culture that promotes analytics-driven decisions backed by investigation and collaboration around risk data - Ensure meeting all the regulatory / compliance / accounting requirements with respect to the risk analytics capabilities - Maintain awareness of upcoming or proposed industry regulatory actions and supervisory requirements
Scan the horizon for emerging analytical skills, techniques, technologies and, where appropriate, tools / data build to ensure their timely introduction for competitive advantage
Qualifications
Successful candidates must exhibit CIBC’s values of trust, team work, and accountability
Candidate must have 5-7 years of experience in risk modelling and analytics or related work experience with a focus on wholesale lending portfolios
Experience in CECL model development / management is a plus
Master / PhD degree with major in economics, statistics, finance, accounting or related are area is preferred
Excellent research skills and analytical capabilities
Proficiency with Sql, Python and the associated analytics packages
Proficiency in MS Office, especially MS Excel, PowerPoint
Exposure to third-party Tools, such as PowerBI, Microsoft Azure, Databricks
Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and results.
Ability to effectively present information within and across team both verbally and in writing.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $112,000 - $135,000 for the Chicago market and $122,000 - $145,000 for the New York 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.
At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:
Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
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.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
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-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Comprehensive Capital Analysis and Review (CCAR), Credit Risks, Machine Learning, Microsoft Power Business Intelligence (BI), Model Building, PL/SQL (Programming Language), Python (Programming Language), Rating Models, Statistics, Stress Testing, Wholesale Banking
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
