Senior Auditor

Canadian Imperial Bank of Commerce; New York (NY); On-site; USD 125,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Benefits program

Vacation offering

Wellbeing support

MomentMakers recognition program

Job summary

CIBC Bank USA seeks a Senior Auditor to assess and validate complex financial models, identify model risks, and determine operating effectiveness. You will lead control testing, document results, and communicate risks to stakeholders in a fast-paced, relationship-driven banking environment.

We require a Master's in Statistics, Data Science, or related field and 3+ years in model risk, with Python/SAS/R experience and strong project coordination skills. Part-time telecommuting is permitted.

Qualifications

• Master's degree required in Statistics, Data Science, or related quantitative field and 3+ years of model risk experience.
• Experience required: 3 years developing, validating, or auditing financial models; 3 years applying U.S. Model Risk regulatory guidance; 2 years risk rating models; 2 years managing projects and coordinating stakeholder communications; 2 years programming in Python, SAS, or R; 1 year leveraging data analytics tools to review models.
• Part-time telecommuting is permitted.

Responsibilities

• Assess and validate complex financial models and identify model risks.
• Evaluate model design and determine models' operating effectiveness.
• Perform control testing of quantitative and qualitative models.
• Identify gaps and validate deficiencies per audit methodologies.
• Document audit results and communicate risks to stakeholders.
• Lead continuous monitoring activities.
• Leverage data analytics and AI tools to improve audit efficiency.

Skills

Analytical Thinking

Audit Management

Internal Controls

Operating Effectiveness

Risk Based Auditing

Risk Management and Mitigation

Work Collaboratively

Education

Master's degree in Statistics, Data Science, or related quantitative field

Tools

Python

SAS

R

Job description

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

CIBC Bank USA seeks a Senior Auditor to assess and validate complex financial models to identify model risks, evaluate model design, and determine models' operating effectiveness. Perform control testing of quantitative and qualitative models. Identify gaps and validate deficiencies according to established audit methodologies. Document audit results and communicate risks and impacts to stakeholders. Lead continuous monitoring activities. Leverage data analytics and artificial intelligence tools to improve audit efficiency. #LI-DNI

Position requires a Master's degree in Statistics, Data Science, or a related quantitative field, and 3 years of model risk experience in the financial services industry. Experience must include at minimum: 3 years of experience with developing, validating, or auditing financial models; 3 years of experience with applying U.S. Model Risk regulatory guidance; 2 years of experience with risk rating models; 2 years of experience with managing projects and coordinating stakeholder communications; 2 years of experience with programming in Python, SAS, or R; and 1 year of experience with leveraging data analytics tools to review financial models. Part-time telecommuting is permitted.

Job location: New York, NY. RATE OF PAY: $125,000.00 - $130,000.00 per year.

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]
• 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 Location

NY-New York, 300 Madison Ave Fl 6

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Audit Management, Internal Controls, Operating Effectiveness, Risk Based Auditing, Risk Management and Mitigation, Work Collaboratively