Audit Manager II (Model Risk)

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The Audit Manager II (Model Risk) will primarily be responsible for executing and enhancing audit programs in Model Risk. This role will participate in annual planning, improving model audit programs, communicate audit findings to regulators and senior management, provide model risk SME support to other audit teams, conduct risk assessments and evaluate the adequacy of controls and related effectiveness to ensure adherence with internal policies, industry best practices, and regulatory requirements (e.g. SR 11-7). Share expertise knowledge with peers and assist in developing other team members.

Responsibilities:

• Assist in Annual Planning activities.
• Lead audits from end to end, including creating scope, identifying relevant risks and controls, designing test plans, reviewing testing, documenting conclusions and drafting reports.
• Identify control gaps and/or best practices that help improve business partner operations and ensure an effective control environment for the bank
• Make decisions in complex situations requiring solid understanding of risk management framework and the risk and control environment.
• Document audit results in a manner that adequately communicates and supports the work performed and conclusions reached
• Escalate any critical or high-risk issues/themes to appropriate leadership
• Provides status updates to key stakeholders on programs and specific reviews where warranted.
• Assesses, documents, and communicates risk themes and issues identified in various models and risk partners in a timely manner.
• Manage communication and collaboration with business heads, Legal, and regulators on risk related topics.
• Manage business partner relationships in a manner that fosters cooperation, respect and a positive risk culture.
• Proactively seek relevant education, exposure and/or training opportunities to understand and gain proficiency in Risk Management disciplines, industry best practices and regulations.
• Help advance our purpose-driven culture by demonstrating CIBC values

Qualifications

Required

• Master's degree in a quantitative field, e.g. Statistics, Financial Engineering, Physics, Economics, Mathematics, Data Science.
• At least 5 years of relevant work experience, including model risk audit experience, model development or model validation experience in the financial services industry.
• 2+ years of programming experience in Python, SAS, or R.
• Excellent verbal and written communication skills.
• Experience leading teams and mentoring individuals.
• Ability to effectively manage multiple projects with challenging timelines

Preferred

• A PhD in a quantitative field
• 3+ years of model development, model validation, or model risk a