Head of Stress Testing Governance and Reporting
Locations: Chicago, IL
Time Type: Full Time
Posted on: Posted 2 Days Ago
Time Left to Apply: End Date: October 31, 2024 (24 days left to apply)
Job Requisition ID: 2420787
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.
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.
- 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.
- Manage the effective review and challenge process of capital and portfolio stress testing results across the organization.
- 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 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 the ability to effectively prioritize.
- Strong relationship management and interpersonal skills.
- Track record of successfully coordinating cross-function teams.
- Excellent verbal and written communication skills.
- 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.
- 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.
What CIBC Offers
- 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 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 ...@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).
Job Location: IL-120 S LaSalle St
Employment Type: Regular
Weekly Hours: 40
Skills: Analysis and Reporting, Analytical Thinking, Communication, Data Integration, Data Quality, Leadership, People Management, Quality Improvement, Risk Analytics, Risk Management Strategies.
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.
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