Director, Credit Provision (Expected Credit Loss) System and Production
Top Benefits
About the role
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
What you’ll be doing
The Director, Credit Provision (Expected Credit Loss) System and Production, will be responsible for providing leadership and specialized expertise of managing CIBC’s IFRS 9 Expected Credit Loss process. This role will lead 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.
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 1-3 days per week on-site, while other days will be remote.
How you’ll succeed
- Review/analysis – Review the ECL calculation results to ensure accuracy and explain quarter over quarter changes from a more structured decomposition – such as portfolio changes, model updates, economic forecast revisions, etc. Provide assessment of modelling overlays with discussion with model development team. Prepare quantitative analysis to support management overlays as required, including sensitivity analysis or other ad-hoc analysis.
- Technical expertise – Coding experience to ensure understanding the implementation of ECL calculation engine and drive for continuous enhancements. Provide capabilities for iterations, what if scenarios and trend analysis in the ECL engine. Use SQL or other software tools to support granular data analysis and automation of the workflow.
- Process improvement – Identify opportunities to streamline processes and implement solutions to drive timely and accurate reporting and analytics. Responsible for developing project plans and implementation schedules in relation to strategic or tactical solutions for improving the end to end ECL processes within the team.
- Reporting/documentation – Prepare ECL calculation results to support various reporting to senior risk executives, regulators and auditors. Document 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 strong knowledge of IFRS 9 credit modelling, with quantitative background and good programming skills, such as SAS, Python, R, SQL, etc. You have a good understanding of the ECL calculation process and credit risk management in financial institutions.
- You have a Bachelors degree in mathematics or statistics. A Master’s or Ph.D. degree in mathematics or statistics is considered an asset.
- You can demonstrate experience of working in financial institutions (5+years) in areas of credit risk management, credit model development, data modelling, technology system implementation and project management.
- You are a caring and accountable leader. You’re passionate about developing and growing team members abilities. You have experience providing coaching and hands on support to meet team goals.
- You can manage multiple activities with varying complexity in a sophisticated matrix environment organization while under time constraints.
- 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
-
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, French proficiency, 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
Toronto-81 Bay, 29th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Compliance Program Management, Credit Risk Modeling, Credit Risks, Enterprise Risk Management (ERM), Group Problem Solving, IFRS 9, Long Term Planning, People Management, Process Improvements, Project Management, Python (Programming Language), Quantitative Analysis, Quantitative Models, R Programming, SAS Program, Structured Query Language (SQL)
About CIBC
CIBC is here to help all our clients reach their goals.
We know the importance of reliable financial products and services, and we’re dedicated to providing them in a way that lets you bank however you want, whenever you want.
With innovative tools designed around your priorities and a team fully focused on your success, you’ll get the insights you need to get even closer to achieving your goals.
This culture of innovation and shared values of trust, teamwork and accountability are why we’ve been named a top employer in Canada. They’re also why a career at CIBC is more than a job—it’s an opportunity to grow and work alongside some of the brightest in Canada.
La Banque CIBC est là pour aider tous nos clients à atteindre leurs objectifs.
Nous connaissons l'importance de produits et services financiers fiables, et nous nous engageons à les fournir d'une manière qui vous permette d'effectuer vos opérations bancaires comme vous le souhaitez, quand vous le souhaitez.
Avec des outils innovants conçus autour de vos priorités et une équipe entièrement centrée sur votre réussite, vous obtiendrez les informations dont vous avez besoin pour vous rapprocher encore plus de vos objectifs.
Cette culture de l'innovation et les valeurs partagées de confiance, de travail d'équipe et de responsabilité sont la raison pour laquelle nous avons été nommés l'un des meilleurs employeurs au Canada. C'est aussi pourquoi une carrière à la Banque CIBC est plus qu'un emploi : c'est une occasion de grandir et de travailler aux côtés de certaines des personnes plus brillantes au Canada.
Director, Credit Provision (Expected Credit Loss) System and Production
Top Benefits
About the role
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
What you’ll be doing
The Director, Credit Provision (Expected Credit Loss) System and Production, will be responsible for providing leadership and specialized expertise of managing CIBC’s IFRS 9 Expected Credit Loss process. This role will lead 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.
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 1-3 days per week on-site, while other days will be remote.
How you’ll succeed
- Review/analysis – Review the ECL calculation results to ensure accuracy and explain quarter over quarter changes from a more structured decomposition – such as portfolio changes, model updates, economic forecast revisions, etc. Provide assessment of modelling overlays with discussion with model development team. Prepare quantitative analysis to support management overlays as required, including sensitivity analysis or other ad-hoc analysis.
- Technical expertise – Coding experience to ensure understanding the implementation of ECL calculation engine and drive for continuous enhancements. Provide capabilities for iterations, what if scenarios and trend analysis in the ECL engine. Use SQL or other software tools to support granular data analysis and automation of the workflow.
- Process improvement – Identify opportunities to streamline processes and implement solutions to drive timely and accurate reporting and analytics. Responsible for developing project plans and implementation schedules in relation to strategic or tactical solutions for improving the end to end ECL processes within the team.
- Reporting/documentation – Prepare ECL calculation results to support various reporting to senior risk executives, regulators and auditors. Document 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 strong knowledge of IFRS 9 credit modelling, with quantitative background and good programming skills, such as SAS, Python, R, SQL, etc. You have a good understanding of the ECL calculation process and credit risk management in financial institutions.
- You have a Bachelors degree in mathematics or statistics. A Master’s or Ph.D. degree in mathematics or statistics is considered an asset.
- You can demonstrate experience of working in financial institutions (5+years) in areas of credit risk management, credit model development, data modelling, technology system implementation and project management.
- You are a caring and accountable leader. You’re passionate about developing and growing team members abilities. You have experience providing coaching and hands on support to meet team goals.
- You can manage multiple activities with varying complexity in a sophisticated matrix environment organization while under time constraints.
- 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
-
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, French proficiency, 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
Toronto-81 Bay, 29th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Compliance Program Management, Credit Risk Modeling, Credit Risks, Enterprise Risk Management (ERM), Group Problem Solving, IFRS 9, Long Term Planning, People Management, Process Improvements, Project Management, Python (Programming Language), Quantitative Analysis, Quantitative Models, R Programming, SAS Program, Structured Query Language (SQL)
About CIBC
CIBC is here to help all our clients reach their goals.
We know the importance of reliable financial products and services, and we’re dedicated to providing them in a way that lets you bank however you want, whenever you want.
With innovative tools designed around your priorities and a team fully focused on your success, you’ll get the insights you need to get even closer to achieving your goals.
This culture of innovation and shared values of trust, teamwork and accountability are why we’ve been named a top employer in Canada. They’re also why a career at CIBC is more than a job—it’s an opportunity to grow and work alongside some of the brightest in Canada.
La Banque CIBC est là pour aider tous nos clients à atteindre leurs objectifs.
Nous connaissons l'importance de produits et services financiers fiables, et nous nous engageons à les fournir d'une manière qui vous permette d'effectuer vos opérations bancaires comme vous le souhaitez, quand vous le souhaitez.
Avec des outils innovants conçus autour de vos priorités et une équipe entièrement centrée sur votre réussite, vous obtiendrez les informations dont vous avez besoin pour vous rapprocher encore plus de vos objectifs.
Cette culture de l'innovation et les valeurs partagées de confiance, de travail d'équipe et de responsabilité sont la raison pour laquelle nous avons été nommés l'un des meilleurs employeurs au Canada. C'est aussi pourquoi une carrière à la Banque CIBC est plus qu'un emploi : c'est une occasion de grandir et de travailler aux côtés de certaines des personnes plus brillantes au Canada.