Audit Manager

CIBC; New York (NY); On-site; USD 133,000 - 221,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Benefits program

Vacation offering

Wellbeing support

MomentMakers program

Job summary

CIBC Bank USA seeks an Audit Manager to ensure financial model risk is identified and monitored across business activities. This role involves leading model audit programs and drafting formal findings.

Applicants should have a Master’s degree in a quantitative field and 3+ years in model risk audits, with hands-on Python/SAS/R and regulatory experience. New York, NY, with up to 5% travel, salary $132,500–$220,900 per year.

Qualifications

• Master’s degree in Finance, Financial Mathematics, or a related quantitative field with 3 years of relevant experience.
• 3 years of experience with Python, SAS, or R; 3 years with implementing U.S. model risk regulatory guidance; 2+ years with communication to regulatory authorities.
• 2+ years with developing or validating credit, market risk, CECL and AML/Stress testing models; up to 5% travel.

Responsibilities

• Execute model risk audit programs to test complex quantitative and qualitative models.
• Lead large-scale model audits, create risk control assessments, canvases, and review results.
• Draft deficiencies and audit reports based on testing results.
• Document audit results communicating risk and impact per audit methodologies.
• Leverage data analytics and AI tools to increase audit efficiencies.

Skills

Python

SAS

R

Model risk audits

Model development

Model validation

Regulatory guidance (US)

MS Office

Education

Master's degree in Finance/Financial Mathematics/quantitative field

Tools

MS Office

Job description

About CIBC

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.

Role

CIBC Bank USA seeks an Audit Manager to ensure financial model risk is appropriately identified and monitored across business activities. #LI-DNI

Responsibilities

• Execute model risk audit programs to test complex quantitative and qualitative models.
• Lead large-scale model audits, including creating risk control assessments, preparing audit canvases, reviewing audit testing results, and providing feedback to auditor team members.
• Draft deficiencies and audit reports based on audit testing.
• Document audit results to communicate risk and impact according to internal audit methodologies and requirements.
• Leverage data analytics and artificial intelligence tools to increase audit efficiencies.

Requirements

• Position requires a Master’s degree in Finance, Financial Mathematics, or a related quantitative field, and 3 years of experience with model risk audits, model development, or model validation in the financial services industry.
• Experience must include at minimum: 3 years of experience with Python, SAS, or R; 3 years of experience with implementing U.S. model risk regulatory guidance; 2 years of experience with managing communications with U.S. regulatory authorities; 2 years of experience with developing or validating credit risk rating models; 2 years of experience with developing or validating market risk models; 1 year of experience with developing or validating CECL models; 1 year of experience with developing or validating anti-money laundering compliance models; and 1 year of experience with developing or validating stress testing models.
• Up to 5% domestic travel required.
• Job location: New York, NY.
• Rate of pay: $132,500.00 - $220,900.00 per year.
• CIBC is an Equal Opportunity Employer M/F/Disability/Veteran.

Benefits and Culture

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 benefits program*, a vacation offering, wellbeing support, 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.

*Subject to plan and 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 [e-mail]

Additional Information

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 tests (such as simulation, coding, MS Office). 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 Settings

Job Location NY-New York, 300 Madison Ave Fl 6 Employment Type Regular Weekly Hours 40 Skills Audit Management, Internal Controls, Operating Effectiveness, People Management, Risk Based Auditing, Risk Management and Mitigation, Technical Leadership At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. 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.