jobs description

CECL and AIRB Model Manager

Apply locations Chicago, IL NY-300 Madison Ave., 6th Floor

Time type Full time

Posted on Posted 5 Days Ago

Time left to apply End Date: November 13, 2024 (23 days left to apply)

Job requisition id 2420190

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.

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.
• 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, teamwork, 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 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 teams both verbally and in writing.

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.

What CIBC Offers:

• 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.

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
• 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

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Chicago IL United States

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