Job Description

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 CIBC’s Model Risk Management team is responsible for developing and overseeing the frameworks that keep our models robust, compliant, and effective. What You’ll Be Doing As the Model Governance Lead, you’ll lead the design and implementation of our model governance framework, ensuring we meet regulatory requirements and industry best practices. You’ll build and maintain model risk policies and standards, oversee the model inventory, and direct the activities of the model risk committee. You’ll engage with stakeholders across the bank, produce regular risk reports for senior leadership, and drive continuous improvement in our processes. You’ll also lead and develop a high-performing team that shares your commitment to excellence. 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 3-5 days per week on-site, while other days will be remote. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview. How You’ll Succeed Lead Model Governance – Lead the development, implementation, and oversight of a comprehensive model governance framework that ensures compliance with regulatory guidance. Develop Policies and Standards – Establish and maintain model risk policies, procedures, and standards, ensuring alignment with regulatory requirements and best practices. Oversee Model Inventory – Ensure the completeness, accuracy, and ongoing maintenance of the model inventory, including model classification, documentation, and change management. Facilitate Committees – Direct the smooth operation of the model risk committee, supporting effective challenge, escalation, and decision-making. Engage Stakeholders – Serve as the primary point of contact for model governance matters with both internal and external stakeholders. Report on Model Risk – Oversee the production and delivery of regular model risk reports to senior management, risk committees, and the Board Who You Are Analytical – You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. People Leadership – You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance. Influential – Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise. Detail Oriented – You know that details matter. You notice things that others don\'t. Your critical thinking skills help to inform your decision-making. Technical Skills and Experience – You can demonstrate experience in model risk management, regulatory compliance, and policy development. It’s an asset if you have experience with SR 11-7 or similar regulatory frameworks. Education – You have a degree/diploma in a related field such as finance, risk management, or mathematics. Values – Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability. 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 $146,300 - $228,000 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), Holidaysand 401(k), in addition to other special perks reserved for our team members 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, Change Management, Continuous Improvement, Continuous Improvement Techniques, Emerging Risks, Ensure Compliance, Governance Framework, Group Problem Solving, Leadership, Model Governance, Model Risk, Predictive Modeling, Process Governance, Regulatory Compliance, Regulatory Requirements, Risk Management, Risk Policies, Risk Reporting, Team Leadership #J-18808-Ljbffr Canadian Imperial Bank of Commerce

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