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Associate Data Scientist, Alternate Solutions Group - Job Opportunity at CIBC

Toronto, Canada
Temporary
Mid-level
Posted: May 7, 2025
On-site
CAD 95,000 - 130,000 annually based on Toronto market rates for mid-level data science roles in financial services

Benefits

Competitive compensation package with banking benefits
Comprehensive wellbeing support program
Employee and family assistance programs
MomentMakers social recognition program
Modern workplace and technology infrastructure
Professional development opportunities

Key Responsibilities

Design and deploy machine learning models for financial market applications
Lead A/B testing and experimentation initiatives for business optimization
Develop and maintain comprehensive model documentation and reporting
Drive product and process improvements through data-driven insights
Manage stakeholder relationships across sales, delivery, and technology teams

Requirements

Education

Postgraduate degree in Data Science, Computer Science, Mathematics, Engineering, or related fields

Experience

3 years in AI/ML, Data Science, or advanced analytics

Required Skills

Modern data science and ML toolkits (Pandas, scikit-learn, XGBoost, PyCaret) Capital Markets knowledge Problem-solving and critical thinking Communication and relationship building ML pipeline development Stakeholder management
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly leveraging AI/ML for currency conversion and payment optimization, indicating a growing focus on automated decision systems in FinTech Cross-border payment solutions are becoming more sophisticated with real-time currency conversion capabilities Integration of ML pipelines into production environments is becoming standard practice in financial technology roles

Role Significance

Likely part of a specialized team of 5-8 data scientists within the larger Alternate Solutions Group
Mid-level position with significant technical autonomy and business impact through model development and deployment

Key Projects

Currency conversion optimization models Payment processing efficiency improvements Client experience enhancement initiatives Risk modeling for international transactions

Success Factors

Deep understanding of financial markets and currency dynamics Ability to translate complex technical concepts for business stakeholders Strong focus on production-ready model deployment Balance of technical expertise with business acumen

Market Demand

High demand position reflecting the growing integration of AI/ML in financial services and the specialized nature of currency conversion expertise

Important Skills

Critical Skills

Machine learning expertise with focus on production deployment Financial markets knowledge Stakeholder management abilities

Beneficial Skills

Cloud computing platforms DevOps practices Additional programming languages Foreign exchange markets understanding

Unique Aspects

Role combines FinTech startup agility with major bank infrastructure
Focus on currency conversion creates specialized technical exposure
Direct impact on international payment systems

Career Growth

2-3 years in role before advancement opportunity, depending on project impact and leadership demonstration

Potential Next Roles

Senior Data Scientist Technical Team Lead Machine Learning Engineer Data Science Manager

Company Overview

CIBC

CIBC is a leading Canadian financial institution with a strong focus on technological innovation, particularly in its Global Markets division

Major player in North American banking with growing emphasis on FinTech solutions
Significant presence in Toronto's financial district with global reach through its markets division
Blend of traditional banking stability with innovation-focused technology teams
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  • Industry trends and market dynamics
  • Salary estimates and market demand analysis
  • Role significance and career growth potential
  • Critical success factors and key skills
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