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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 (https://www.cibc.com/en/about-cibc.html)

What You’ll Be Doing

CIBC is seeking a highly skilled and experienced Director of CCAR to lead the development and implementation of the Comprehensive Capital Analysis and Review (CCAR) program as the bank transitions to a Category IV designation. This individual will play a critical role in establishing governance frameworks, controls, and processes to ensure compliance with regulatory requirements and alignment with industry best practices. The Director of CCAR will collaborate with cross-functional teams, senior leadership, and regulators to build a robust and sustainable CCAR program.

_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 3 days per week on-site, while other days will be remote._

How You’ll Succeed

Support the CCAR Program Development and Execution

+ Collaborate closely with the Head of the CCAR Program to design, implement, and execute the bank’s Comprehensive Capital Analysis and Review (CCAR) framework

+ Assist in the development of stress testing methodologies, scenario design, and capital planning processes to meet regulatory requirements

+ Ensure the timely and accurate preparation of CCAR submissions, including FR Y-14A, FR Y-14Q, and FR Y-14M reports, in coordination with cross-functional teams

+ Provide insights and recommendations to enhance the effectiveness and efficiency of the CCAR program

Governance and Controls

+ Support the Head of the CCAR Program in establishing and maintaining a robust governance framework to oversee CCAR-related activities

+ Implement and monitor controls to ensure the accuracy, consistency, and integrity of CCAR processes and deliverables

+ Assist in the development and documentation of policies, procedures, and standards to ensure compliance with regulatory expectations

+ Partner with Risk, Finance, and other stakeholders to integrate CCAR requirements into the bank’s broader risk management and operational frameworks

Analytics and Insights

+ Lead the development and execution of advanced analytics to support CCAR stress testing, scenario analysis, and capital planning

+ Analyze large datasets to identify trends, risks, and opportunities that impact the bank’s capital adequacy and financial resilience

+ Collaborate with modeling teams to validate and enhance stress testing models, ensuring alignment with regulatory expectations and business needs

+ Provide actionable insights to senior leadership and the Head of the CCAR Program to inform strategic decision-making

+ Develop dashboards, reports, and visualizations to communicate key findings and performance metrics to stakeholders

Regulatory Engagement and Compliance

+ Work with the Head of the CCAR Program to prepare materials for regulatory reviews, audits, and examinations

+ Support responses to regulatory inquiries and ensure alignment with evolving CCAR requirements and expectations

+ Monitor regulatory developments and provide updates to the Head of the CCAR Program and other stakeholders on emerging trends and changes

Cross-Functional Collaboration

+ Act as a key liaison between the CCAR team and other departments, including Finance, Risk, Treasury, and IT, to ensure alignment and coordination on CCAR-related activities

+ Support the Head of the CCAR Program in fostering collaboration across teams to ensure the successful execution of the CCAR program

Team Leadership and Development

+ Provide guidance and mentorship to junior team members involved in CCAR-related activities

+ Assist the Head of the CCAR Program in building a high-performing CCAR team and fostering a culture of accountability, collaboration, and continuous improvement

Who You Are

Education

+ Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related field

+ Advanced degree (MBA, Master’s, or PhD) or professional certifications (e.g., CFA, FRM, CPA) preferred

Experience

+ Minimum of 10 years of experience in financial services, with a strong focus on CCAR, stress testing, capital planning, or regulatory reporting

+ Proven track record of developing and implementing governance frameworks and controls in a banking environment

+ Experience working with Category IV banks or institutions undergoing regulatory transitions is highly desirable

Skills and Competencies

+ Deep understanding of CCAR requirements, including stress testing methodologies, capital planning processes, and regulatory reporting (FR Y-14 series)

+ Strong knowledge of U.S. banking regulations, including the Federal Reserve’s capital planning and stress testing guidelines

+ Exceptional leadership and team management skills, with the ability to influence and collaborate across all levels of the organization

+ Excellent analytical, problem-solving, and decision-making abilities

+ Strong communication and presentation skills, with experience engaging with regulators and senior executives

+ Proficiency in data analysis tools, financial modeling, and risk management systems

California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)

_At CIBC, we offer a competitive total rewards package. This role has an expected salary range of_ **_$200,000- $235,000_** _for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members._

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*, 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 [email protected]

+ 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). 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

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

Advanced Analytics, Capital Planning, Collaboration, Comprehensive Capital Analysis and Review (CCAR), Cross-Functional Teamwork, Governance Framework, Program Governance, Regulatory Engagement, Regulatory Reviews, Scenario Analysis, Stress Testing

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.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.