Overview:
As Audit Manager at CIBC Bank USA, you will lead model risk audits to verify that quantitative and qualitative models meet risk standards. You’ll drive large-scale audit programs, create risk control assessments, and communicate findings to stakeholders. Your work will leverage data analytics and AI to boost audit efficiency and effectiveness. This role sits at the intersection of risk, finance, and regulatory compliance, with a clear impact on the bank’s ability to manage model risk across activities. Compensation / Benefits competitive salary incentive pay banking benefits vacation offering wellbeing support MomentMakers recognition program
Responsibilities:
Execute model risk audit programs to test complex quantitative and qualitative models Lead large-scale model audits, including risk control assessments and audit canvases Review audit testing results and provide feedback to audit teams Draft deficiencies and audit reports based on testing Document audit results per internal methodologies and requirements Leverage data analytics and AI tools to increase audit efficiencies
Key requirements:
Master in Financial Mathematics or related quantitative field 3 years of experience with model risk audits, model development, or model validation in financial services 3 years of Python, SAS, or R 3 years of implementing US model risk regulatory guidance 2 years of communicating with US regulatory authorities 2 years of developing/validating credit risk rating models 2 years of developing/validating market risk models 1 year of developing/validating CECL models 1 year of developing/validating AML compliance models 1 year of developing/validating stress testing models Up to 5% domestic travel strong communication with stakeholders leadership and people management cross-functional collaboration Python SAS R