Senior Quantitative Analyst

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

Retail Model Quantification creates statistical models based on Probability of Default, Loss Given Default, and Exposure at Default to estimate Expected Credit Loss (under IFRS 9) and Risk Weighted Assets (under Basel III) for retail banking portfolios. As a Senior Quantitative Analyst, you will use statistical tools such as SAS and SAS Enterprise Miner to conduct and verify calculations and methodologies for Retail Bank portfolios, including Credit Cards, Residential Mortgages, Personal Loans, Lines of Credit, Scored Small Business Loans and others. Although the immediate requirement relates to retail risk modeling, future career development could include modeling for corporate and commercial lending, econometric modeling, or stress testing.

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 succeed

• Analytical expertise – Create high quality models that are statistically sound and will stand up to scrutiny from regulators and auditors. Participate in the testing, implementation, and monitoring of these models.
• Commitment to excellence – Give and receive feedback with a spirit of openness, knowing that we are all working for the same goal.
• Continuous learning – Seek out information about the latest developments in statistical modeling and banking regulation.
• Teamwork - You will join a great team of experienced modelers who will provide mentorship. We also look forward to learning from your unique experience and perspective.

Who you are

• You can demonstrate experience in mathematical or statistical analysis software tools (SAS, S-PLUS, MATLAB), database management, and advanced Microsoft Excel skills.
• You have a graduate degree (M.Sc. or Ph.D.) in a quantitative field (Finance/Economics/Statistics/Mathematics).
• You have 3+ years of experience with a major financial institution. It is an asset if you have knowledge of CIBC’s retail lending portfolios and internal CIBC electronic systems.
• It is an asset if you have familiarity with Basel regulatory capital requirements and the IFRS 9 accounting standard.
• You have excellent written and verbal communication skills, for use in documenting and communicating the results of analysis. You have the ability to comprehend and interpret complex requirements, to translate these into practical steps and to organize and direct their implementation.
• You’re goal oriented. You’re motivated by accomplishing your goals and delivering your best to make a difference.
• 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 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
• 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.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Basel III, Credit Risk Modeling, Credit Risks, Decision Making, IFRS 9, International Financial Reporting Standards (IFRS), MATLAB, MATLAB Programming, Model Analysis, Regulatory Requirements, Risk Models, Risk Monitoring, Risk Quantification, Risk Weighted Assets, SAS Expected Credit Loss, S-PLUS, Statistical Analysis Software (SAS), Statistical Models, Statistics