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Senior Quantitative Analyst, Model Performance and Analytics (1 Year Fixed-Term)

Senior Quantitative Analyst, Model Performance and Analytics (1 Year Fixed-Term)
Toronto, CA
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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

What you’ll be doing

As a Senior Quantitative Analyst, Model Performance and Analytics for Market Risk Rule, you will perform ongoing monitoring and assessment of CMRM’s US capital models via in depth analysis to ensure accuracy and reasonableness of model outcomes and provide senior management with confidence that the models continue to perform at the highest standards. You will streamline the analysis and reporting processes through automation and creation of tools for more efficient and proactive risk management. You will work closely with finance and middle office functions in the assessment of clean PL for models backtesting. You will work closely with our colleagues in Quantitative Risk and our partners in Trading Floor Market Risk and Technology to identify, assess, measure and monitor Risks Not In VaR (RNIV).

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 1-3 days per week on-site, while other days will be remote.

How you’ll succeed

  • Problem solving and communication – Ensure effective identification of issues impacting CMRM models performance, timely communication and escalation of identified issues to relevant stakeholder groups and senior management, and adequate prioritization for resolving identified issues.

  • Demonstrate domain knowledge – Demonstrate in-depth understanding of valuation & risk models and continue to grow your knowledge of trading and hedging strategies, Capital Markets products, and regulatory changes pertaining to Market Risk capital and Initial Margin requirements. Remain abreast of market environment, news and events, and be proactive is assessing their potential impact on model performance. Develop expertise in CMRM and Capital Markets systems, processes and underlying models. Create and enhance documentation pertaining to model governance and controls.

  • Relationship building – A key component of success in this role is to develop and maintain excellent relationships with various groups across CMRM, Capital Markets, Technology and Finance as most of the issues identified through model performance monitoring require collaborative effort among multiple teams to resolve. It is vital to be able to establish and maintain clear and concise lines of communication and foster a collaborative culture while keeping in mind that this role is part of CMRM and is thus a 2nd line of defense with all the accountabilities that comes with it including providing effective challenge, monitoring and oversight.

Who you are

  • You can demonstrate experience. 2+ years of experience in market risk, capital markets, statistical methods (e.g. KS test, Spearman, Expected Shortfall/Conditional VaR, historical simulations). Experience with risk factor decompositions and backtesting.

  • You can demonstrate knowledge. In Financial Risk Management. You have strong knowledge of financial markets and products as well as the foundations of risk measurement and management.

  • You have a degree. In a quantitative discipline such as Mathematics, Physics, Engineering, Quantitative Finance, and/or Computer Science, etc. Graduate degree in a relevant field is an asset.

  • You 're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools, systems and trends. You have solid technical and programming skills (e.g. Python, C#, C++, VBA, SQL, and/or R, etc.).

  • **You 're passionate about people. **You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.

  • You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.

  • You give meaning to data. You enjoy investigating complex problems, and making sense of information. You communicate detailed information in a meaningful way.

  • You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.

  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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 aspire to give you a career, rather than just a paycheck.

  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a health benefits program, defined benefit pension plan, an employee share purchase plan 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.

  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

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.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Temporary (Fixed Term)

Weekly Hours



Capital Markets, Computer Programming, Financial Risk, Market Risk, Problem Solving, Quantitative Models, Quantitative Risk, Regulatory Risk

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