Senior Consultant, Credit Provision; ECL System and Production

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The Senior Consultant, Credit Provision (ECL) System and Production, will be responsible for providing a lead role in managing CIBC’s IFRS 9 Expected Credit Loss process. This role will contribute to the development and implementation of a centralized the ECL calculation engine, manage the production system to support the ECL calculation from an end-to-end perspective, including risk data in flow, model parameters update, and downstream data feed for reporting.

In addition, this role will work closely with the rest of ECL team and other internal stakeholders, such as Model Quantification (MQ), Risk Data Management Office (RDMO), Risk Business Intelligent Office (RBIO), to drive the continuous improvements of simplifying the ECL process, automating the workflow, enabling efficiency of reporting with attribution analysis capabilities.

• Review/analysis – Review the ECL calculation results to ensure accuracy and support the ECL team to explain quarter over quarter changes from a more structured decomposition – such as portfolio changes, model updates, economic forecast revisions, etc. Participate in the discussion of modelling overlays with model development team and prepare quantitative analysis to support management overlays as required, including sensitivity analysis or other ad-hoc analysis.
• Data/Technical Expertise – Experience with data analysis and database storage, by using SQL or other software tools to support granular drilldown analysis and automation of the workflow related to data extraction or reporting. Coding experience to help testing the implementation of ECL calculation engine and provide recommendations for continuous enhancements.
• Process Improvement – Support Director, Enterprise Risk Management, for developing project plans and implementation schedules in relation to strategic or tactical solutions for improving the end to end ECL processes. Apply an innovative thinking to identify potential gaps in the existing process and recommend improvement opportunities, to streamline processes and implement solutions to drive timely and accurate reporting and analytics.
• Reporting/Documentation – Support preparing ECL calculation results to presentation and reporting to various teams, committee meetings as well as senior risk executives, regulators and auditors. Maintain documentation of the list of models that are implemented in the ECL engine, including parameter models and macro models, etc. Maintain an up‑to‑date process/work flow document for the ECL process.

• You have solid knowledge of IFRS 9 ECL calculation process and credit risk management in financial institutions. You have a good understanding of IFRS credit modelling from input/output perspective and various risk drivers for different portfolios. A graduate degree in quantitative majors (such as, mathematics or statistics, etc.) and good programming skills (such as SAS, Python, R, SQL, etc.) is a plus.
• You can demonstrate substantial experience of working in financial institutions (3+ years) in areas of credit risk management, credit model development, IFRS 9 reporting, data analysis, technology system implementation and project management.
• You have excellent communication skills to convey factual / conceptual information within the team and to other stakeholders as well as ability to influence and interact with senior management.
• You are a cooperative and innovative entrepreneurial team player with mature judgment, strong interpersonal skills and original approaches to problem resolution.
• You are able to thinking out of the box to make processes more efficient, focusing on bringing in automations and simplifications.
• You give meaning to data. You enjoy investigating complex problems…