Job Description

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
In the role of Senior Quantitative Analyst, Model Validation, you'll conduct model validations where you'll independently review CIBC's analytical and statistical models including those used for:pricing (e.g., exotic equity, FX, interest rate, commodity, and credit derivatives), risk measurement (e.g., VaR, counterparty credit risk, and credit valuation adjustment), and automated trading applications (e.g., index arbitrage).
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 succeedProblem Solving- Review the model's mathematical underpinnings, modeling rationale and assumptions as well as model's inputs and outputs. Technical Expertise and Testing- Develop an independent numerical benchmark, using C, C++, or other suitable programming languages and tools, and conduct numerical tests to assess the accuracy of the model's implementation. Report- 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.

Who you areYou have a Ph.D. degree in a scientific field (e.g., mathematics, statistics, or physics). You can demonstrate experience and knowledge of stochastic calculus (e.g., at the level of the book Stochastic Calculus for Finance II by Steven Shreve, or the book Arbitrage Theory in Continuous Time by Tomas Bjork) and C++ programming. You have knowledge of financial derivative valuation theory and corresponding numerical valuation methods. You love to learn. Maintain up-to-date knowledge with regard to financial derivative model development and changing technology; this may involve reading books or articles outside of regularly scheduled work hours. You're 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's possible. 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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit, wellbeing support and additional offers such as employee and family assistance programs 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.
Subject to program terms and conditions

What you need to knowCIBC 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.

Expected End Date
2025-09-01
Job Location
Toronto-CC East 12th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Decision Making, Group Problem Solving, Model Analysis, Regulatory Requirements, Reporting and Analysis, Risk Models, Risk Quantification