The following job posting and assessment questions were crafted by Kiinago Biinoogi Muskiiki (\xe2\x80\x98Our Children\xe2\x80\x99s Medicine\xe2\x80\x99 in English) in consultation with Indigenous Elders, Knowledge Keepers and other members of the community. Applications housed on this platform provide a unique opportunity for First Nations, M\xc3\xa9tis and Inuit job seekers to have the option of sharing their whole selves with potential employers, including their lived experience and transferable skills. For more information, visit ourchildrensmedicine.ca

What you\'ll be doing

In the role of Quantitative Risk Modelling Analyst you\xe2\x80\x99ll have the opportunity to join the CIBC\xe2\x80\x99s Model Validation group. You\xe2\x80\x99ll conduct model reviews where you\xe2\x80\x99ll independently review of the CIBC\xe2\x80\x99s analytical and statistical models, primarily for risk measurements and capital calculation related to Capital Market Risk Management (CMRM) and participate in strategic project related model validation work, e.g., market risk Fundamental Review of Trading Book (FRTB) and counterparty credit risk Internal Model Method (IMM), etc. You\xe2\x80\x99ll also develop and support the CIBC\xe2\x80\x99s model risk management framework to ensure compliance with regulatory requirements (e.g. SR 11-7, E-23, and MRR, etc.). You\xe2\x80\x99ll interact with model owners, model developers and audit groups to establish and maintain sound process and procedures on model submission, model queue planning, model inventory management, and model ongoing monitoring, etc. At CIBC we enable the work environment most optimal for you to thrive in your role. You\xe2\x80\x99ll have the flexibility to manage your work activities within a hybrid work arrangement where you\xe2\x80\x99ll spend 1-3 days per week on-site, while other days will be remote.

How you\xe2\x80\x99ll succeed

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  Problem solving - Review the model\'s mathematical underpinnings, modeling rationale and assumptions as well as model\xe2\x80\x99s inputs and outputs.
• Technical expertise and testing- Develop an independent numerical benchmark and conduct numerical tests to assess the accuracy of the model\'s implementation.
• Reporting - Write a model validation report that includes a description of model and methodology, the testing approaches and results as well as model operational conditions and model risk assessment.
• Communication - Understand the governance and control on model risk management and be able to efficiently communicate the regulatory requirements to various stakeholders and senior management.

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.

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  We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a health benefits program, defined benefit pension plan, an employee share purchase plan 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.

REQUIREMENTS

• You can demonstrate experience and knowledge of financial derivatives products (including the corresponding valuation and risk measurement models) and the regulatory requirements on model risk management. You have good programing skills, e.g. C/C++, Matlab, VBA and SAS, etc.
• You have a Master\xe2\x80\x99s or Ph.D. degree in the areas of Mathematical Finance, Financial Engineering, Applied Mathematics, and Statistics.
• You love to learn. Maintain up-to-date knowledge with regard to financial derivatives modeling, and regulatory requirements on capital calculation and model risk management.
• You\xe2\x80\x99re driven by collective success. You collaborate well in a team, learning from others and applying your skill set. You proactively seek new opportunities to define what\xe2\x80\x99s possible.
• Values matter to you. You bring your real self to work and you live our values \xe2\x80\x93 trust, teamwork and accountability.

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.