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Risk Management Executive Director
PrivateBancorp
Chicago, IL, United States
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Overview
CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at cibc.com/US.
CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders.
CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance – so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.
Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.
CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran
Responsibilities
he Executive Director, Quantitative Analytics is accountable for supporting the VP and Head of Enterprise and Retail Risk, US Region in the development of the following:
• Capital Stress Testing Reporting – develop and standardize processes for regular and ad-hoc reporting.
• Recovery and Resolution Planning –support quantitative assessments required for resolution plans.
• Capital Stress Testing –work in conjunction with Head Office to develop Stress Testing model(s) that ensure adequate tailoring to local exposures and unique operating environment.
• Model Quantification –work in alignment with Head Office to develop local modelling.
What You’ll be Doing
• Support the VP and Head of Enterprise and Retail Risk, US Region in the development of a DFAST program. Determine business requirements and leverage Head Office systems and/or third-party vendors who supply analytic support, ensuring quality output aligned to business and regulatory requirements.
• Working closely with Model Quantification, and drawing on a deep understanding of requirements and expectations for models used for DFAST regulatory reporting, support ongoing model development and the generation and documentation requirements and assumptions used in DFAST models.
• Liaise between US functions (Finance, Treasury, Lines of Business) to gather necessary data, incorporate business feedback, and communicate results.
• Provide subject-matter expertise in the PPNR process, fostering the development of PPNR models and facilitating the regular forecasting process.
• Ensure DFAST methods, results, and documentation comply with regulatory rules/guidance and internal policies and that all necessary governance is followed (e.g. vendor, model risk, and data governance).
Qualifications
What We’re Looking For
• Successful candidates must exhibit CIBC’s values of trust, team work, and accountability
• Graduate degree in business/commerce
• Strong risk management experience, including solid knowledge of the financial markets and regulatory environment
• Previous experience in policy development
• Excellent oral and written communication skills
• Strong research skills and analytical capabilities
• Ability to assimilate and interpret analysis and trends in order to reach conclusions regarding the type and magnitude of risk across all risk types and businesses for strategic decision making purposes
• Strong relationship management skills and team-orientation
• Superior time management skills, with ability to effectively prioritize