Audit Manager, Model Risk Audit

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

What you'll be doing

You'll join the Internal Audit team, supporting the delivery of model risk audits across areas such as market risk and valuation models. In this role, you'll assess the design, effectiveness, and governance of financial models, ensuring alignment with internal standards and regulatory expectations. You'll collaborate with senior auditors to review model assumptions, methodologies, and outputs, contributing to audit findings and recommendations. As you grow in the role, you'll take on greater ownership of smaller audits, including identifying issues, supporting reporting, and presenting insights to stakeholders. This is a strong developmental opportunity for someone with a quantitative background looking to build a career at the intersection of finance, risk, and audit.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you'll succeed

• Apply quantitative knowledge – Assess financial models by evaluating assumptions, methodologies, and outputs. Support testing activities and evaluate whether models are functioning as intended.
• Execute audit engagements – Collaborate with senior team members to deliver audit assignments, contributing to planning, testing, and documentation. Take increasing ownership of smaller audits and support end-to-end execution.
• Evaluate risk and governance – Review model governance frameworks, controls, and processes to identify potential risks or gaps. Ensure alignment with internal policies and regulatory expectations.
• Demonstrate analytical thinking – Break down complex quantitative concepts and translate them into clear audit observations. Use structured thinking to assess issues and recommend practical solutions.
• Communicate findings effectively – Clearly articulate audit results in written reports and presentations. With support, present insights to stakeholders, including senior management.
• Build expertise and collaborate – Work closely with internal stakeholders, including model development and validation teams, to gather insights, validate findings, and continuously develop your technical and professional skillset.

Who you are

• You can demonstrate 2-3 years of experience in. a quantitative, risk, or financial services environment, with exposure to model validation, risk management, or audit practices. You have a strong academic background. You're comfortable with quantitative concepts. You understand the fundamentals of financial models and are confident working with quantitative concepts, even early in your career. It’s an asset if you have experience with credit risk modeling and a strong level of awareness around emerging industry issues (e.g. Basel II/III and FRTB).
• You have a degree in. a quantitative discipline such as Mathematics, Statistics, Financial Engineering, or Mathematical Finance. A Master's degree is preferred.
• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
• You love to learn. You're passionate about growing your knowledge. You have a strong sense of curiosity.
• Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.

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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, 34th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Audit Management, Client Service, Integrated Audits, Internal Auditing, Internal Controls, Interpersonal Communication, Risk Management and Mitigation