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 (https://www.cibc.com/en/about-cibc.html) **What you’ll be doing** Risk Management is led by the SEVP and Chief Risk Officer (CRO) and is accountable on matters relating to the independent oversight of the management of risks inherent to the activities of CIBC, its subsidiaries and affiliates. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, market, credit, strategic, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups. Model Validation is a second line of defense and the mandate is to proactively protect CIBC against major financial loss or exposure due to model risk. Model Validation provides independent, effective challenge, whereby analytic models, numerical computations and techniques applicable to sufficiently complex bank-wide analytics, are reviewed and approved on behalf of Risk Management. Reporting to the Senior Director, Model Governance and Operational Risk, the Senior Manager will perform independent and effective challenge, assessment, and monitoring of model risk across operational risk programs such as Risk Control Self‑Assessment (RCSA), Change Initiative Risk Assessment (CIRA), Third Party Risk Assessment (TPRA). You will serve as the primary point of contact for model risk within these programs and collaborate across CIBC to ensure model risk is assessed consistently and aligned with the Model Risk and Validation Policy, Operational Risk Assessment Methodology, and the Effective Challenge User Guide. In addition, you will establish metrics and dashboards for senior leadership, lead training and enablement, and continuously improve tooling and processes to enhance control effectiveness and align with CIBC’s risk appetite. _At CIBC, we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote._ **How you’ll succeed** + **Critical Thinking –** Maintain and apply a consistent standard for assessing and challenging model risk in RCSA, CIRA, TPRA, and other applicable programs and processes; exercise sound judgment on materiality and residual risk. + **Relationship Management** – Build trusted relationships internally and externally to Model Validation. Partner with GORM, first line teams including 1B, project managers, Technology, vendor managers, and third‑party service providers to ensure model risk is assessed appropriately and timely. + **Control and Documentation** – Ensure assessments and independent challenge are evidenced through sufficient documentation that meets Audit and regulatory expectations, including clear rationale, traceability, and action plans. + **Governance, Reporting and Analytics –** Execute model governance activities such as inventory management, regulatory compliance linkage, deficiency tracking, and reporting. Use data to identify themes, trends, and areas requiring remediation. + **Creative Thinking** – You will think differently, see opportunities where challenges and efficiency opportunities appear to exist, and propose and implement creative solutions. + **Project Management** – You will provide rigor and structure around the scheduling and organizing of the work that we do. Where required, you will assist in managing applicable actions plans and associated due dates. **Who you are** + **You can demonstrate 5+ years of experience** in model risk management, model validation, model development, or Operational Risk Management, direct exposure to programs such as RCSA, CIRA and TPRA. **It’s an asset** if you have experience applying effective challenge in a second-line role and supporting audits or regulatory examinations. + **You're driven by collective success.** You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life. + **You're passionate about people.** You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity. + **You love to learn.** You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve. + **You engage with your heart and mind.** You care about people and understand different perspectives. You listen and learn from the experiences of others. + **You act like an owner.** You thrive when you're empowered to take the lead, go above and beyond, and deliver results. + **You understand that success is in the details. Y** ou notice things that others don't. Your critical thinking skills help to inform your decision making. + **You embrace and champion change.** You'll continuously evolve your thinking and the way you work in order to deliver your best. + **Values matter to you.** You bring your real self to work and you live our values – trust, teamwork and accountability. **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*, defined benefit pension plan*, an employee share purchase plan, 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 Mailbox.careers-carrieres@cibc.com + CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. + 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 test (such as simulation, coding, French proficiency). + We use artificial intelligence tools during the recruitment process. 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** Toronto-81 Bay, 31st Floor **Employment Type** Regular **Weekly Hours** 37.5 **Skills** Analytical Thinking, Credit Risks, Decision Making, Group Problem Solving, Model Analysis, Regulatory Requirements, Risk Models, Risk Monitoring, Risk Quantification At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.