Senior Manager, AI Model Governance

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 

Risk Management is led by the SEVP and Chief Risk Officer (CRO) and is accountable on matters relating to the independent oversight of the management of risks inherent to the activities of CIBC, its subsidiaries and affiliates. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, market, credit, strategic, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups.   

Model Validation is a second line of defense and the mandate is to proactively protect CIBC against major financial loss or exposure due to model risk. Model Validation provides independent, effective challenge, whereby analytic models, numerical computations and techniques applicable to sufficiently complex bank-wide analytics, are reviewed and approved on behalf of Risk Management.

Reporting to the Senior Director, Model Governance and Operational Risk, the Senior Manager will work closely with the Senior Director to develop and maintain an enterprise‑wide AI/ML model risk and governance framework. You will collaborate across CIBC to ensure the framework is practical, risk‑based, compliant with regulatory expectations, and integrated with existing model risk management and AI governance policies and processes. You will serve as the primary point of contact for AI model governance within Model Validation and drive consistent standards, controls, and reporting across the bank. In addition, you will establish metrics and dashboards for senior leadership, lead training and enablement for validators and developers, and continuously improve tooling and processes to enhance control effectiveness and align with CIBC’s risk appetite.

At CIBC, we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote. 

How you’ll succeed 

• Relationship Management – A key attribute you will have will be your ability to effectively interact and build relationships internally and externally to Model Validation. You will partner with the Enterprise AI Governance Office, model validators, model developers, US and regional model risk teams, and Internal Audit to drive adoption and consistency.

• Research and External Intelligence - Conduct research on regulatory expectations and industry‑leading practices related to AI/ML model risk and governance. Stay abreast of peer practices through formal and informal networks and external forums. Translate insights into actionable guidance and requirements; ensure the proposed framework meets or exceeds regulatory expectations and is aligned with and adaptable to CIBC’s existing policies, standards, and procedures.

• Governance, Reporting and Analytics – Execute model governance activities such as inventory management, regulatory compliance linkage, deficiency tracking, and reporting. Use data to identify themes, trends, and areas requiring remediation.

• Creative Thinking – You will think differently, see opportunities where challenges and efficiency opportunities appear to exist, and propose and implement creative solutions. 

• Project Management – You will provide rigor and structure around the scheduling and organizing of the work that we do. Where required, you will assist in managing applicable actions plans and associated due dates.

Who you are 

• You can demonstrate 5+ years of experience in model risk management, model validation, model development, or AI governance. It’s an asset if you understand CIBC’s Model Risk and Validation framework/policy/standards/requirements.   

• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life. 

• You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity. 

• You love to learn. You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve. 

• You engage with your heart and mind. You care about people and understand different perspectives. You listen and learn from the experiences of others. 

• You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results. 

• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making. 

• You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best. 

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Credit Risks, Decision Making, Group Problem Solving, Model Analysis, Regulatory Requirements, Risk Models, Risk Monitoring, Risk Quantification