Manager, Non-Model Quantitative Methods

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The Manager of Non-Model Quantitative Methods is accountable for supporting the Director, Model Governance in the following activities:

Own and evolve CIBC’s enterprise-wide governance framework for non-model quantitative tools (“Model Risk-Sensitive Applications” or MRSAs) — high‑impact quantitative tools that fall outside the traditional model taxonomy but drive pricing, valuation, capital, liquidity, and stress‑testing decisions, or support existing models with key upstream or downstream tasks. You will provide strategic direction and advice to application owners and technology stakeholders, interface with regulators, and ensure that all MRSAs meet or exceed internal policy requirements and external regulatory expectations (e.g., OSFI E‑23, SR 11‑7, OCC 2011‑12).

Strategic Governance & Framework Development

• Develop, refine, and socialize the bank-wide policy for MRSA identification, classification, independent review, and controls for life‑cycle management.
• Oversee risk‑tiering criteria, materiality thresholds, review frequencies, and escalation processes.
• Ensure alignment with broader MRM and Technology governance standards.

Oversight of Validation & Independent Review

• Review and challenge classification and risk rating of MRSAs.
• Oversee independent review processes covering conceptual soundness, data quality, processing logic, and output accuracy.
• Coordinate and track independent reviews performed by the Model Risk Management team.
• Track ongoing compliance with independent review requirements, escalating overdue reviews.

Regulatory & Policy Compliance

• Act as primary liaison for external and internal examiners on matters related to MRSAs.
• Prepare executive‑level briefings, board reporting, and attestation packages demonstrating compliance.
• Track evolving regulatory guidance and lead MRSA related policy and procedures updates in response.

Risk Reporting & Issue Management

• Own the inventory of MRSAs, ensuring completeness and real‑time accuracy.
• Present quarterly risk dashboards and thematic findings to the Model Risk Management Committee.
• Execute timely closure of audit and regulatory findings related to MRSA.

Stakeholder Engagement & Advisory

• Partner with Front‑Office, Risk, Treasury, Finance, and Technology leaders to embed control requirements early in tool development.
• Deliver targeted training and awareness sessions to promote a strong risk culture.

• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

• As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

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 days per week on‑site, while other days will be remote.

• Successful candidates must exhibit CIBC’s values of trust, teamwork, and accountability.
• 5+ years’ experience in end‑user computing technology management, model risk management, quantitative validation, or financial risk engineering within a large financial institution.
• 5+ years' experience interpreting complex financial industry regulations and extensive experience with SR 11‑7 compliance.
• Knowledge of credit risk, market risk, liquidity risk, and financial products.

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At CIBC, we offer a competitive total rewards package. This role has an expected salary range $110,000–$126,900 for the market based on experience,…