Model Risk Audit Manager

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

Benefits offered by this job

Competitive salary

Incentive pay

Benefits program

Vacation offering

Wellbeing support

MomentMakers

Job summary

CIBC Bank USA is seeking an Audit Manager in New York to ensure model risk is identified and monitored across business activities. You will lead audits, develop risk controls, and draft reports while leveraging data analytics to improve efficiency. A Master’s degree and 3 years of relevant experience are required.

Applicants should be proficient with Python, SAS or R, and have experience with U.S. regulatory guidance and cross-functional communication. Travel up to 5% may be required.

Qualifications

• Master's degree in Finance, Financial Mathematics, or a related quantitative field is required.
• 3 years of experience with model risk audits, model development or model validation in financial services.
• Experience with Python, SAS, or R and with U.S. model risk regulatory guidance is required.

Responsibilities

• Execute model risk audit programs to test quantitative and qualitative models.
• Lead large-scale model audits and prepare risk control assessments and audit canvases.
• Draft deficiencies and audit reports based on testing results and communicate findings to stakeholders.
• Leverage data analytics and AI tools to increase audit efficiencies.

Skills

Audit management

Internal controls

Operating effectiveness

People management

Risk-based auditing

Risk management

Technical leadership

Education

Master's degree in Finance or Financial Mathematics

Tools

Python

SAS

R

Job description

CIBC Bank USA is seeking an Audit Manager in New York to ensure model risk is identified and monitored across business activities. You will lead audits, develop risk controls, and draft reports while leveraging data analytics to improve efficiency. A Master’s degree and 3 years of relevant experience are required.

Applicants should be proficient with Python, SAS or R, and have experience with U.S. regulatory guidance and cross-functional communication. Travel up to 5% may be required.