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Global

Operational and Enterprise Risk Management (GOERM) provides independent oversight, analytics and governance to support the effective management of risk across CIBC. As the Senior Director, Model Quantification, you’ll lead the ongoing development, maintenance, use, monitoring and performance of retail credit risk parameter models that support Regulatory Capital, Economic Capital and International Financial Reporting Standard 9 (IFRS 9) provisioning for CIBC’s retail lending products. You’ll act as a subject matter expert and trusted partner to colleagues across the business, Risk Management and regulatory bodies on matters related to probability of default (PD), loss given default (LGD) and exposure at default (EAD) models.

In this role, you’ll guide a team of model developers, provide strategic and technical direction, and help ensure models are well governed, clearly documented and effectively implemented. You’ll also contribute to a strong risk culture by strengthening methodologies, supporting regulatory readiness and driving continuous improvement across the function. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on‑site, while other days will be remote.

Model

Development & Oversight - Lead the design, development, documentation and ongoing monitoring of retail credit risk parameters used in the calculation of Regulatory Capital, Economic Capital and IFRS 9 provisioning for CIBC’s retail lending portfolios.

Quantitative

Analysis - Apply statistical techniques and quantitative methods to identify, assess and validate the drivers of probability of default (PD), loss given default (LGD) and exposure at default (EAD), and recommend enhancements based on model performance and emerging requirements. Frameworks,



Governance & Compliance - Develop and maintain an overarching regulatory monitoring framework for retail credit risk parameters, conduct regular methodology reviews, and ensure alignment with CIBC policies, standards and regulatory expectations.

Stakeholder

Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals, address findings, assess gaps and drive effective remediation plans. Implementation & Communication - Ensure models are implemented successfully in source systems, prepare transparent and concise development and review documentation, and present models through formal governance and sign‑off committees.

People

Leadership - Build and lead a high‑performing team by setting clear direction, connecting work to business goals, developing team capabilities, providing timely feedback, fostering an inclusive and positive work environment, and supporting sound hiring and performance management practices. You bring deep quantitative and credit risk modelling expertise. You have advanced knowledge of retail credit risk parameter modelling and hands‑on experience supporting Regulatory Capital, Economic Capital and IFRS 9 frameworks within a large financial institution.

You have strong academic or equivalent industry experience. You hold a Master of Science (MSc) or Doctor of Philosophy (PhD) in Computer Science, Mathematics, Engineering or a related discipline,



or bring comparable experience with at least 5 years in credit risk model development. You’re comfortable using spreadsheet and word processing tools and have experience with statistical software and programming languages such as SAS, Python and R.

You can translate complex financial and statistical concepts into clear, practical insights for both technical and non‑technical audiences, and you’re confident working with senior leaders and control partners. You build strong relationships across teams, use sound judgment, manage multiple priorities effectively and help create an environment where people can do their best work. We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points‑based recognition program.

Control Frameworks Long Term Planning Model

Analysis People Management Risk Analysis Risk Models Risk Quantification 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. At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us. #

📌 Senior Director, Model Quantification (Toronto)
🏢 Canadian Imperial Bank of Commerce
📍 Toronto