Senior Director, Model Quantification

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

Global Operational and Enterprise Risk Management (GOERM) provides independent oversight, analytics and governance to support the effective management of risk across CIBC. As the Senior Director, Model Quantification, you'll lead the ongoing development, maintenance, use, monitoring and performance of retail credit risk parameter models that support Regulatory Capital, Economic Capital and International Financial Reporting Standard 9 (IFRS 9) provisioning for CIBC’s retail lending products. You’ll act as a subject matter expert and trusted partner to colleagues across the business, Risk Management and regulatory bodies on matters related to probability of default (PD), loss given default (LGD) and exposure at default (EAD) models. In this role, you’ll guide a team of model developers, provide strategic and technical direction, and help ensure models are well governed, clearly documented and effectively implemented. You’ll also contribute to a strong risk culture by strengthening methodologies, supporting regulatory readiness and driving continuous improvement across the function.

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 2-3 days per week on-site, while other days will be remote.

How you'll succeed

• Model Development & Oversight - Lead the design, development, documentation and ongoing monitoring of retail credit risk parameters used in the calculation of Regulatory Capital, Economic Capital and IFRS 9 provisioning for CIBC’s retail lending portfolios.

• Quantitative Analysis - Apply statistical techniques and quantitative methods to identify, assess and validate the drivers of probability of default (PD), loss given default (LGD) and exposure at default (EAD), and recommend enhancements based on model performance and emerging requirements.

• Frameworks, Governance & Compliance - Develop and maintain an overarching regulatory monitoring framework for retail credit risk parameters, conduct regular methodology reviews, and ensure alignment with CIBC policies, standards and regulatory expectations.

• Stakeholder Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals, address findings, assess gaps and drive effective remediation plans.

• Implementation & Communication - Ensure models are implemented successfully in source systems, prepare clear and concise development and review documentation, and present models through formal governance and sign-off committees.

• People Leadership - Build and lead a high-performing team by setting clear direction, connecting work to business goals, developing team capabilities, providing timely feedback, fostering an inclusive and positive work environment, and supporting sound hiring and performance management practices.

Who you are

• You bring deep quantitative and credit risk modelling expertise. You have advanced knowledge of retail credit risk parameter modelling and hands-on experience supporting Regulatory Capital, Economic Capital and IFRS 9 frameworks within a large financial institution.

• You have strong academic or equivalent industry experience. You hold a Master of Science (MSc) or Doctor of Philosophy (PhD) in Computer Science, Mathematics, Engineering or a related discipline, or bring comparable experience with at least 5 years in credit risk model development.

• You’re technically strong. You’re comfortable using spreadsheet and word processing tools and have experience with statistical software and programming languages such as SAS, Python and R.

• You’re an influential communicator. You can translate complex financial and statistical concepts into clear, practical insights for both technical and non-technical audiences, and you’re confident working with senior leaders and control partners.

• You’re an effective leader and collaborator. You build strong relationships across teams, use sound judgment, manage multiple priorities effectively and help create an environment where people can do their best work.

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

#L1-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 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

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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, Control Frameworks, Group Problem Solving, Long Term Planning, Model Analysis, People Management, Risk Analysis, Risk Models, Risk Quantification