Model Risk Audit Manager - Data-Driven Financial Controls

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

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.