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Head of Stress Testing Governance and Reporting

CIBC
United Statesfull_timeVerifiedPosted 12 Dec 2024
💰 $175,000/yr($140,000/yr – $175,000/yr)

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

The Head of Stress Testing Governance and Reporting for the US Region reports to Head of US Capital Stress Testing and Allowance for Credit Losses and is accountable for the following:

  • Ensure adherence to established policies, procedures, applicable regulatory requirements, including documentation and internal controls.
  • Establish and maintain US Region capital and portfolio credit stress testing governance policies and procedures consistent with industry best practices and regulatory requirements, ensuring adherence to the established policies, including documentation and internal controls.
  • Manage and enhance the processes compiling and presenting stress testing and ACL results to senior management, board members and regulatory bodies.
  • Oversee the development of presentations and narratives that articulate stress testing and ACL outcomes, impact assessments and recommendations.
  • Act as a key point of contact for the reporting and communication of stress testing results across the organization; collaborate with stakeholders in Risk Management, Finance and LOBs to facilitate the use of stress testing results to support Risk Identification, Risk Appetite setting and monitoring processes.
  • Manage the effective review and challenge process of capital and portfolio stress testing results across the organization, coordinating with stakeholders in Risk Management, Finance, Treasury and LOBs
  • Manage the Stress Testing and Allowance for Credit Losses Assumptions, Limitations and Weaknesses templates and the documentation of overlays.
  • Oversee stress testing and Allowance Credit Losses development initiatives.
  • Collaborate with internal and external audit, independent control testing and regulators to facilitate reviews, control and ensure robustness of the stress testing program.


Qualifications

  • 10+ years of experience in banking risk management, compliance or  internal audit, preferably in risk analytics or related areas
  • Experience in risk management with large US or foreign banking organizations preferred
  • Excellent project oversight and leadership skills
  • Superior time management skills, with ability to effectively prioritize
  • Strong relationship management and interpersonal skills
  • Track record of successfully coordinate cross-function teams
  • Excellent verbal and written communication and ability to effectively present information within and across team both verbally and in writing
  • Proficiency in MS Office, especially MS Word, Excel, PowerPoint, SharePoint,
  • Strong knowledge of US banking regulations, including Regulation YY
  • Risk data and/or modeling, model risk management, IT experience is a plus.
  • Bachelor’s Degree in Account

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Company

CIBC

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