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Sr. Quantitative Analyst

Sr. 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

** Sr. Quantitative Analyst, Capital Stress Testing Team, CIBC Bank USA**

** Overview**

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning.

CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world.

Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all of our team members can excel.

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

** This Includes**

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture.

  • Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
  • At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
  • Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
  • Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
  • Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
  • Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
  • Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

** Responsibilities**

The US Stress Testing and Model Development team develops stress testing models for CIBC's US Region that combine quantitative expertise with deep understanding of US regional banking businesses, including Commercial Banking and Commercial Real Estate. In this role, you will play key roles in the development and maintenance of Commercial 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
  • Transition of the current models and development of new models in AL/ML environment using Azure Databricks.
  • 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
  • Familiarity with Commercial Real Estate business is preferred
  • Experience with model risk management (SR 11-7/OCC 2011-12) preferred
  • Knowledge of data and analytics tools such as Python (Pandas, statsmodel, plotly etc.) SQL, Microsoft Azure
  • Experience in AI/ML tools like Azure Databricks is preferred.
  • 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.

Job Location

IL-120 S LaSalle St

Employment Type


Weekly Hours



Credit Models, Credit Risks, Financial Statistics, Microsoft Azure Databricks, Python (Programming Language), Risk Analytics, Risk Models, SQL Database Queries

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