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Quantitative Analyst

Quantitative Analyst
Chicago, US
137,000 - 216,000
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Job Description

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

Job Description

POSITION RESPONSIBILITIES: The US Stress Testing and Model Development team creates stress testing models for CIBC's US Region that combine quantitative expertise with deep understanding of US regional banking businesses, especially in commercial banking. In this role, you will play key roles in the development of wholesale credit risk stress testing models using statistical/econometric methods. Key responsibilities include: - Development of credit risk stress testing and PPNR models using statistical/econometric methods - Testing, implementation and monitoring of stress test models in production environment - Support the execution, review and challenge of stress testing model - Perform other ad-hoc data analysis including business intelligence and reporting - Ability to extract complex data from large spreadsheets / other data hubs, understand it and then present it in a comprehensive fashion - Responsible to provide analysis and raising data issues /errors

QUALIFICATIONS: - Advanced degree in economics, statistics, quantitative finance, mathematical/physical sciences or other quantitative disciplines - Up to 5 years of work experience in quantitative modeling at a financial institution in PD/LGD/EAD modeling - Familiarity with US banking regulation/rules such as CCAR/DFAST/Basel preferred - Experience with model risk management (SR 11-7/OCC 2011-12) preferred - Knowledge of data and analytics tools such as as Python (Pandas, statsmodel,plotly etc.)  SQL, Microsoft Azure  - Proficiency in Microsoft Office products, especially MS Excel and MS PowerPoint - Strong oral and written communication skills - Problem solvers who are driven, self-motivated and creative

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
  • 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
  • CIBC is committed to doing our part to protect our team, our clients and our communities. We want to ensure we have a safe and healthy workplace, and we want to do our part to get through this pandemic. In keeping with this commitment, and as a condition of employment, CIBC requires all successful candidates to be fully vaccinated against COVID-19 as of their start date, or provide written proof of a medical exemption, or other substantiated accommodation request under applicable human rights legislation.
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