Head of Stress Testing Governance and Reporting

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

The Head of Stress Testing Governance and Reporting for the US Region reports to Head of US Capital Stress Testing and Allowance for Credit Losses and is accountable for the following :

• Ensure adherence to established policies, procedures, applicable regulatory requirements, including documentation and internal controls.
• Establish and maintain US Region capital and portfolio credit stress testing governance policies and procedures consistent with industry best practices and regulatory requirements, ensuring adherence to the established policies, including documentation and internal controls.
• Manage and enhance the processes compiling and presenting stress testing and ACL results to senior management, board members and regulatory bodies.
• Oversee the development of presentations and narratives that articulate stress testing and ACL outcomes, impact assessments and recommendations.
• Act as a key point of contact for the reporting and communication of stress testing results across the organization; collaborate with stakeholders in Risk Management, Finance and LOBs to facilitate the use of stress testing results to support Risk Identification, Risk Appetite setting and monitoring processes.
• Manage the effective review and challenge process of capital and portfolio stress testing results across the organization, coordinating with stakeholders in Risk Management, Finance, Treasury and LOBs
• Manage the Stress Testing and Allowance for Credit Losses Assumptions, Limitations and Weaknesses templates and the documentation of overlays.
• Oversee stress testing and Allowance Credit Losses development initiatives.
• Collaborate with internal and external audit, independent control testing and regulators to facilitate reviews, control and ensure robustness of the stress testing program.

Qualifications

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 :

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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $140,000 - $175,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

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

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.

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

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

Employment Type

Regular

Weekly Hours

Skills

Analysis and Reporting (Inactive), Analytical Thinking, Communication, Data Integration, Data Quality, Leadership, People Management, Quality Improvement, Risk Analytics, Risk Management Strategies

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Salary : $140,000 - $175,000