Director, Model Governance

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CIBC’s Model Risk Management team is responsible for developing and overseeing the frameworks that keep our models robust, compliant, and effective.

What You’ll Be Doing

As the Model Governance Lead, you’ll lead the design and implementation of our model governance framework, ensuring we meet regulatory requirements and industry best practices. You’ll build and maintain model risk policies and standards, oversee the model inventory, and direct the activities of the model risk committee. You’ll engage with stakeholders across the bank, produce regular risk reports for senior leadership, and drive continuous improvement in our processes. You’ll also lead and develop a high-performing team that shares your commitment to excellence.

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 3-5 days per week on-site, while other days will be remote. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Lead Model Governance – Lead the development, implementation, and oversight of a comprehensive model governance framework that ensures compliance with regulatory guidance.
• Develop Policies and Standards – Establish and maintain model risk policies, procedures, and standards, ensuring alignment with regulatory requirements and best practices.
• Oversee Model Inventory – Ensure the completeness, accuracy, and ongoing maintenance of the model inventory, including model classification, documentation, and change management.
• Facilitate Committees – Direct the smooth operation of the model risk committee, supporting effective challenge, escalation, and decision-making.
• Engage Stakeholders – Serve as the primary point of contact for model governance matters with both internal and external stakeholders.
• Report on Model Risk – Oversee the production and delivery of regular model risk reports to senior management, risk committees, and the Board

Who You Are

• Analytical – You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
• People Leadership – You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.
• Influential – Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
• Detail Oriented – You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision-making.
• Technical Skills and Experience – You can demonstrate experience in model risk management, regulatory compliance, and policy development. It’s an asset if you have experience with SR 11-7 or similar regulatory frameworks.
• Education – You have a degree/diploma in a related field such as finance, risk management, or mathematics.
• Values – Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

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At CIBC, we offer a competitive total rewards package.