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Audit Manager

CIBC Bank USA

NEW YORK, NYJob$133–221K/yrSeen 4 days agoSeen in employer's feed 4 days ago

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At a glance

Compensation
$133–221K/yr
Location
NEW YORK, NY
Work Authorization
Not specified

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Requirements

Credentials this posting asks for.

Master's degree

Job overview

CIBC Bank USA seeks an Audit Manager to assess whether financial model risk is identified and monitored across business activities. The manager executes and leads model risk audits, reviews testing results, drafts deficiencies and reports, and documents findings under internal audit methodologies. The role also uses data analytics and artificial intelligence tools to improve audit efficiency and requires up to 5% domestic travel.

Skills & qualifications

RequiredNice to have

Skills

Model Risk AuditingModel DevelopmentModel ValidationPythonSASRU.S. Model Risk Regulatory GuidanceRegulatory CommunicationsCredit Risk Rating ModelsMarket Risk ModelsCECL ModelsAnti-Money Laundering ModelsStress Testing Models

Qualifications

Master's in Finance, Financial Mathematics, or Related Quantitative Field3 Years Model Risk Experience3 Years Python, SAS, or R Experience3 Years U.S. Model Risk Guidance Experience2 Years Regulatory Communications Experience2 Years Credit Risk Model Experience2 Years Market Risk Model Experience1 Year CECL Model Experience1 Year Anti-Money Laundering Model Experience1 Year Stress Testing Model Experience

Full job description

CIBC Bank USA seeks an Audit Manager to ensure financial model risk is appropriately identified and monitored across business activities. Execute model risk audit programs to test complex quantitative and qualitative models. Lead large-scale model audits, including creating risk control assessments, preparing audit canvases, reviewing audit testing results, and providing feedback to auditor team members. Draft deficiencies and audit reports based on audit testing. Document audit results to communicate risk and impact according to internal audit methodologies and requirements. Leverage data analytics and artificial intelligence tools to increase audit efficiencies. #LI-DNIPosition requires a Masters degree in Finance, Financial Mathematics, or a related quantitative field, and 3 years of experience with model risk audits, model development, or model validation in the financial services industry. Experience must include at minimum: 3 years of experience with Python, SAS, or R; 3 years of experience with implementing U.S. model risk regulatory guidance; 2 years of experience with managing communications with U.S. regulatory authorities; 2 years of experience with developing or validating credit risk rating models; 2 years of experience with developing or validating market risk models; 1 year of experience with developing or validating CECL models; 1 year of experience with developing or validating anti-money laundering compliance models; and 1 year of experience with developing or validating stress testing models. Up to 5% domestic travel required. Job location: New York, NY. RATE OF PAY: $132,500.00 - $220,900.00 per year. To apply, please visit https://www.cibc.com/en/about-cibc/careers.html and enter Job Requisition ID 2621219. Alternatively, please send your resume, cover letter, and a copy of the ad to: CIBC, Attn.: H. Lazzaro, 300 Madison Avenue, New York, NY 10017.

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