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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

The Senior Consultant, Credit Provision (ECL) System and Production, will be responsible for providing a lead role in managing CIBC’s IFRS 9 Expected Credit Loss process. This role will contribute to the development and implementation of a centralized the ECL calculation engine, manage the production system to support the ECL calculation from an end-to-end perspective, including risk data in flow, model parameters update, and downstream data feed for reporting. In addition, this role will work closely with the rest of ECL team and other internal stakeholders, such as Model Quantification (MQ), Risk Data Management Office (RDMO), Risk Business Intelligent Office (RBIO), to drive the continuous improvements of simplifying the ECL process, automating the workflow, enabling efficiency of reporting with attribution analysis capabilities.

How you’ll succeed

• 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.

Who You Are

• 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.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

• You can maintain productive and collaborative relationships with internal and external sources, colleagues and others to obtain, provide, verify and discuss information and best practices.

• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

#LI-TA

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 Mailbox.careers-carrieres@cibc.com

• 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).

• We use artificial intelligence tools during the recruitment process. 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, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Compliance Program Management, Enterprise Risk Management (ERM), Group Problem Solving, Professional Presentation, Reporting and Analysis