Senior Consultant, Regulatory Compliance and Governance ECL and Stress Testing

Position: Senior Consultant, Regulatory Compliance and Governance for ECL and Stress Testing
* ** Review/analysis** – Review the ECL calculation results to ensure accuracy and support the ECL team to explain quarter over quarter changes from a more structured decomposition – such as portfolio changes, model updates, economic forecast revisions, etc.  Participate in the discussion of modelling overlays with model development team and prepare quantitative analysis to support management overlays as required, including sensitivity analysis or other ad-hoc analysis.
* ** Data/Technical Expertise –
** Experience with data analysis and database storage, by using SQL or other software tools to support granular drilldown analysis and automation of the workflow related to data extraction or reporting.  Coding experience to help testing the implementation of ECL calculation engine and provide recommendations for continuous enhancements.
* ** Process Improvement** – Support Director, Enterprise Risk Management, for developing project plans and implementation schedules in relation to strategic or tactical solutions for improving the end to end ECL processes.  Apply an innovative thinking to identify potential gaps in the existing process and recommend improvement opportunities, to streamline processes and implement solutions to drive timely and accurate reporting and analytics.
* ** Reporting/Documentation** – Support preparing ECL calculation results to presentation and reporting to various teams, committee meetings as well as senior risk executives, regulators and auditors. Maintain documentation of the list of models that are implemented in the ECL engine, including parameter models and macro models, etc.  Maintain an up-to-date process/work flow document for the ECL process.
* ** Regulation Documentation** – Support with governance, regulatory controls, policy and procedurial documentation.
* ** You have solid knowledge
** of IFRS 9 ECL calculation process and credit risk management in financial institutions. You have a good understanding of IFRS credit modelling from input/output perspective and various risk drivers for different portfolios. A graduate degree in quantitative majors (such as, mathematics or statistics, etc.) and good programming skills (such as SAS, Python, R, SQL, etc.) is a plus.
* ** You can demonstrate substantial experience
** of working in financial institutions (3+years) in areas of credit risk management, credit model development, IFRS 9 reporting, data analysis, technology system implementation and project management.
* ** You have excellent communication skills
** to convey factual / conceptual information within the team and to other stakeholders as well as ability to influence and interact with senior management.
* ** You are a cooperative and innovative
** entrepreneurial team player with mature judgment, strong interpersonal skills and original approaches to problem resolution.
* ** You are able to thinking out of the box
** to make processes more efficient, focusing on bringing in automations and simplifications.
* 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 Moment Makers, 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.
* 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 Mailb
* CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
* 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 test (such as simulation, coding, French proficiency).At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values:
Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
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