Model Risk Audit Manager — Lead Complex, Data-Driven Audits

Canadian Imperial Bank of Commerce; New York (NY); On-site; USD 133,000 - 221,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

MomentMakers recognition

Wellbeing support

Job summary

CIBC Bank USA seeks an Audit Manager to ensure financial model risk is identified and monitored across business activities. You will execute model risk audit programs, test complex quantitative and qualitative models, and lead large-scale audits. Draft deficiencies and audit reports, and document results per internal methodologies.

Up to 5% travel may be required. Position located in New York, NY with a salary range of $132,500 to $220,900 per year.

Qualifications

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

Responsibilities

• Identify and monitor financial model risk across business activities.
• Execute model risk audit programs and test complex models.
• Lead large-scale model audits and create risk control assessments and canvases.
• Draft deficiencies and audit reports based on testing results.
• Document audit results to communicate risk and impact using internal methodologies and requirements.
• Leverage data analytics and AI tools to increase audit efficiencies.

Skills

Audit management

Internal controls

Operating effectiveness

People management

Risk based auditing

Risk management and mitigation

Technical leadership

Education

Master’s degree in Finance/Financial Mathematics

Tools

Python

SAS

R

Job description

CIBC Bank USA seeks an Audit Manager to ensure financial model risk is identified and monitored across business activities. You will execute model risk audit programs, test complex quantitative and qualitative models, and lead large-scale audits. Draft deficiencies and audit reports, and document results per internal methodologies.

Up to 5% travel may be required. Position located in New York, NY with a salary range of $132,500 to $220,900 per year.