Risk Analyst

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 is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning. CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world. Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all of our team members can excel.

As a Risk Analyst, you will be an integral part of the Risk Analytics and Infrastructure group at CIBC directly reporting to the Risk Analytics Director. In this function, you will contribute to 1) generating and delivering model ready data for US Credit Risk model development, performance monitoring and execution covering Capital, Stress Testing and Allowance modeling, 2) Credit risk reporting development and design, 3) supporting Credit Line of Businesses’ process automation and enhancement, and collaborating with the Technology, Modeling, and Line of Business teams to enhance and maintain Business Intelligence (BI) reporting, modeling, and advanced analytics capabilities.

Key Responsibilities
 

• Partner and collaborate with Technology, Modeling, and Credit Line of Business teams to design and implement interactive BI reporting capabilities to support Management and business units  make informed, sound and fast decisions for portfolio management and strategy. 
• Streamline and automate data reconciliation reporting processes for consistent use for Credit Risk model (PD, LGD, EAD, CECL & CCAR) development, model performance, analytics, and Regulatory reporting.
• Contribute to intelligent automations projects focused on assessing automation opportunities, building automation centers of excellence / operating models, or delivering automation implementation
• Enhance and support the end-to-end report automation process and initiative with business and data management teams, including data model, BI platform, and interactive dashboard.
• Collaborate with the modeling, analytics, business and management teams to design advanced analytics solutions to generate insights and actions at faster pace;
• Communicate findings to stakeholders and leadership teams with clear summaries and recommendations to inform next steps
• Create appropriate documentation for stakeholders to follow data process or analysis enabling them for self-service reporting.
• Provide ad-hoc analytical support to Credit Risk Management and Lines of Businesses.

Key Accountabilities

Support the Head of Risk Modeling Data in streamlining data, reporting BI capabilities and ongoing ad-hoc risk analysis.

• Buildout, innovate and expand Credit risk data ownership and capabilities
• Responsible person for Credit risk data analysis, requirements, documentation, compliance across Credit Risk Analytics
• Support the head of Risk Modeling data in developing data / analytics results for business users, allowing them to identify trends and insights; also freeing data specialists from mundane queries and reporting
• Participate and collaborate in the creation of a culture that promotes data-driven decisions backed by investigation and collaboration around risk data
• Ensure meeting all the Regulatory / Compliance / Accounting requirements with respect to the Credit risk data capabilities
• Maintain awareness of upcoming or proposed industry regulatory actions and supervisory
• Coordinate with the US Data Management Office and Global (Parent) CIBC teams to adopt and implement the Data Governance policy and standards.
• Scan the horizon for emerging analytical skills, techniques, technologies and, where appropriate, tools / data build to ensure their timely introduction for competitive advantage.
   

Compliance Requirements/Responsibilities

• As a CIBC employee, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

Authorities/Decision Rights

• This job has the authority to recommend changes to business processes in order to enhance oversight, operational efficiency and effectiveness.

Qualifications

• Successful candidates must exhibit CIBC’s values of trust, team work, and accountability
• Candidate must have 1-3 years of experience in data analytics or related work experience
• Master’s degree with major in mathematics, statistics, finance, accounting, data analytics or related are area is preferred
• Excellent research skills and analytical / Data capabilities
• Proficiency in MS Office, especially MS Excel, PowerPoint
• Proficiency in SQL (SQL Server, PostgreSQL, MySQL)
• Proficiency with a scripting language (Python)
• Exposure to third-party Tools: Microsoft Azure, SAS, Tableau, Qlik, Looker, R Shiny, PowerBI, Spotfire
• Strong desire to gain further understanding of the commercial banking business and related data and analytical needs
• Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and results. 
• Ability to condense information and transform technical data into easily understandable concepts.
• Ability to effectively present information within and across team both verbally and in writing.
• Superior time management skills, with ability to effectively prioritize

Conduct and Culture Risk

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.  We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
• Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
• Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same
• Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
• Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
• Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
• Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
• Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

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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 [email protected]

• 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

IL-120 S LaSalle St, 8th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Requirements, Communication, Data Quality, Delivery Management, Prioritization, Quality Improvement, Risk Analytics, Risk Reporting, Test Planning