Senior Quantitative Analyst (12 Month Contract)

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

As the Sr. Quantitative Analyst you’ll be reporting to the Senior Director, Quantitative Risk Methodology, within the Quantitative Risk group of Capital Markets Risk Management (CMRM). In this role you’ll be responsible for providing first line of defense on the market risk models, both trading and nontrading models, as well as regulatory capital. This will include working with key front office and risk stakeholders on all aspects of market risk management and associated control framework.

At CIBC we enable the work environment most optimal for you to thrive in your role. 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

• Risk Modeling - Address quantitative needs of the market risk models through active analysis of critical issues with risk measures and delivering quantitative solutions using AI and ML. Provide consultative services and presentations regarding pricing, valuation, forecasting, and risk measurement of financial products, as required. Support continuous enhancement of the CMRM models for pricing, forecasting, and risk measurement of derivatives and other complex products for market risk as well as calibration of model parameters. Ensure that all models meet various regulatory and business requirements.
• Project Facilitation - Participate in projects across the Quantitative Risk group, ensuring deliverables are consistently met. Make recommendations based on the impact, effectiveness and feasibility of proposed valuation and risk measurement models and methodologies.
• Stakeholder Management - Communicate ideas effectively to stakeholders to ensure that model risk is understood, assimilated and managed well within CMRM risk management practices and CIBC risk appetite.

Who you are

• You can demonstrate experience in defining and developing risk models to support the risk managers on decision making. You are well trained in quantitative techniques, capable of reading and critiquing the modern literature in quantitative finance and statistics. You are able to drive cutting edge research independently. You have previous experience (2+ years) with developing and testing models as well as a strong ability to code. It’s an asset if you have worked in Quantitative Risk modeling within Capital Market Risk.
• You have a degree in a quantitative field. Advanced graduate degree (doctorate strongly preferred) in quantitative finance in addition to research experience, will enable you to work effectively in this role. Professional academic research experience and published original research is highly desirable for this role.
• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends. You are proficient in coding languages such as C# and Python, among others.
• You're driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
• You live your values. You bring high standards, genuine care to your relationships, and want to grow with an employer that shares your values and brings out your best.

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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support, and additional offers such as employee and family assistance programs 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.

*Subject to 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 Mailbox.careers-carrieres@cibc.com

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Analytical Thinking, Decision Making, Group Problem Solving, Model Analysis, Process Improvements, Regulatory Requirements, Risk Models, Risk Monitoring, Risk Quantification