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

The Manager of Non-Model Quantitative Methods is accountable for supporting the Director, Model Governance in the following activities:

Own and evolve CIBC’s enterprise-wide governance framework for non-model quantitative tools (“Model Risk-Sensitive Applications” or MRSAs) — high-impact quantitative tools that fall outside the traditional model taxonomy but drive pricing, valuation, capital, liquidity, and stress-testing decisions, or support existing models with key upstream or downstream tasks. You will provide strategic direction and advice to application owners and technology stakeholders, interface with regulators, and ensure that all MRSAs meet or exceed internal policy requirements and external regulatory expectations (e.g., OSFI E-23, SR 11-7, OCC 2011-12).

What You'll Be Doing

1. Strategic Governance & Framework Development

Develop, refine, and socialize the bank-wide policy for MRSA identification, classification, independent review, and controls for life-cycle management.Oversee risk-tiering criteria, materiality thresholds, review frequencies, and escalation processes.Ensure alignment with broader MRM and Technology governance standards.

2. Oversight of Validation & Independent Review

Review and challenge classification and risk rating of MRSAs.Oversee independent review processes covering conceptual soundness, data quality, processing logic, and output accuracy.Coordinate and track independent reviews performed by the Model Risk Management team.Track ongoing compliance with independent review requirements, escalating overdue reviews.

3. Regulatory & Policy Compliance

Act as primary liaison for external and internal examiners on matters related to MRSAs.Prepare executive-level briefings, board reporting, and attestation packages demonstrating compliance.Track evolving regulatory guidance and lead MRSA related policy and procedures updates in response.

4. Risk Reporting & Issue Management

Own the inventory of MRSAs, ensuring completeness and real-time accuracy.Present quarterly risk dashboards and thematic findings to the Model Risk Management Committee.Execute timely closure of audit and regulatory findings related to MRSA.

5. Stakeholder Engagement & Advisory

Partner with Front-Office, Risk, Treasury, Finance, and Technology leaders to embed control requirements early in tool development.Deliver targeted training and awareness sessions to promote a strong risk culture.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.  

AUTHORITIES/DECISION RIGHTS 

As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

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

Who You Are

Successful candidates must exhibit CIBC’s values of trust, team work, and accountability5+ years’ experience in end-user computing technology management, model risk management, quantitative validation, or financial risk engineering within a large financial institution.5+ years' experience interpreting complex financial industry regulations and extensive experience with SR 11-7 compliance.Knowledge of credit risk, market risk, liquidity risk, and financial products.

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 $110,000- $126,900 for the 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. #LI-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*, 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-70 W Madison St, 9th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Continuous Improvement Techniques, Control Frameworks, Decision Making, Emerging Risks, Group Problem Solving, Operation Risk Management, Risk Assessments, Risk Monitoring