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Join to apply for the Quantitative Analyst, Model Validation role at CIBC Join to apply for the Quantitative Analyst, Model Validation role at CIBC Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats 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 As a Quantitative Analyst in the Model Validation team, you will play a critical role in ensuring the integrity, reliability, and regulatory compliance of CIBCs models. You will focus on validating models across various domains, including credit risk, Anti-Money Laundering (AML)/Fraud risk, market risk, operational risk, and capital adequacy, in alignment with the revised OSFI E-23 guidelines. Your expertise in quantitative analysis and regulatory frameworks will help safeguard the banks risk management practices and ensure sound decision-making. At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 1-3 days per week on-site, while other days will be remote. How Youll Succeed Model Validation- Conduct independent validation of models used for risk management, stress testing, capital adequacy, and other business applications. Assess model performance, assumptions, and methodologies to ensure compliance with OSFI E-23 guidelines. Perform rigorous testing, including back-testing, sensitivity analysis, and benchmarking. Identify and quantify model risks, including limitations and weaknesses, and recommend mitigation strategies. Regulatory Compliance- Ensure all model validation activities align with the revised OSFI E-23 guidelines and other applicable regulatory requirements. Prepare detailed validation reports and documentation to support regulatory submissions and internal audits. Communication- Work closely with various stakeholders and senior management to communicate validation findings and recommendations. Provide technical expertise and guidance on model risk management best practices. Continuous Improvement- Stay updated on industry trends, regulatory changes, and advancements in quantitative modeling techniques. Contribute to the development and enhancement of CIBCs model risk management framework. Who You Are You can demonstrate experience and knowledge of financial products (including the corresponding risk measurement models) and the regulatory requirements on model risk management. You have good programing skills, e.g. Phyton, SAS, Matlab and VBA etc. Knowledge of AI/ML/LLMmodels and applications would be an asset. You have a Bachelors or Masters degree in the areas of Mathematical/Computational Finance, (Financial) Engineering, Applied Mathematics (Statistics/ Econometrics) and Computer Science (Software Engineering). You love to learn. Maintain up-to-date knowledge with regard to various modeling technique (e.g., linear/logistic/non-linear regression models and machine-learning models), regulatory requirement on capital calculation and model risk management. Youre 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 whats 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 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 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, 31st Floor Employment Type Regular Weekly Hours 37.5 Skills Analytical Thinking, Decision Making, Group Problem Solving, Model Analysis, Model Validation, Regulatory Requirements, Risk Models, Risk Quantification Seniority level Seniority level Entry level Employment type Employment type Full-time Job function Job function Research, Analyst, and Information Technology Industries Banking Referrals increase your chances of interviewing at CIBC by 2x Sign in to set job alerts for Quantitative Analyst roles. 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