Head of Stress Testing Governance and Reporting

1 month ago

Chicago, United States cibc Full time

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

  • 10+ years of experience in banking risk management, compliance or internal audit, preferably in risk analytics or related areas.
  • Experience in risk management with large US or foreign banking organizations preferred.
  • Excellent project oversight and leadership skills.
  • Superior time management skills, with ability to effectively prioritize.
  • Strong relationship management and interpersonal skills.
  • Track record of successfully coordinating cross-function teams.
  • Excellent verbal and written communication and ability to effectively present information within and across teams both verbally and in writing.
  • Proficiency in MS Office, especially MS Word, Excel, PowerPoint, SharePoint.
  • Strong knowledge of US banking regulations, including Regulation YY.
  • Risk data and/or modeling, model risk management, IT experience is a plus.
  • Bachelor’s Degree in Accounting, Finance or related field.
  • Ability to work independently in areas of difficult or complex nature.
  • Project management skills, including the ability to manage shifting priorities.
  • Strong analytical, written/verbal communication, interpersonal, and relationship building skills.
  • Exemplify a positive attitude, strong work ethic, teamwork and professionalism.
  • Ability to demonstrate CIBC’s core values (e.g. trust, teamwork, and accountability).

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.

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: 40

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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