Sr. Manager, Product Control

3 weeks ago


Toronto ON, Canada Canadian Imperial Bank of Commerce Full time

Sr. Manager, Product Control page is loaded Sr. Manager, Product Control Apply locations Toronto, ON time type Full time posted on Posted Yesterday job requisition id 2410641

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

Reporting to the Director for Capital Markets Product Control, this role will involve working closely together with stakeholders to drive best in class daily Profit and Loss (P&L) reporting and decomposition, as well as the performance of Independent Price Verification (IPV).

The Product Control Team is accountable for the integrity and timeliness of gross revenue for management records, reporting and financial instrument valuation; namely Profit and Loss (P&L) reconciliation and decomposition to trader’s Same Day Estimates (SDE). The Senior Manager will also be responsible for providing coaching, training, and oversight for a team of Analysts on the daily and monthly execution of various procedures.

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 – You have good teamwork, partnership and relationship building skills sufficient to act in a collaborative manner given team members and stakeholders different backgrounds and experiences. You will liaise daily with Finance, the FX Options and Commodities Trading Front Office and other Capital Markets stakeholder groups.

  • Corroboration – You will provide and review related supporting activities to Front Office, Risk Management and Finance, which includes decomposition of P&L by risk factors to ensure business partners, understand the underlying drivers of P&L. Review and consolidate daily commentary and analyses for stakeholders

  • Management skill – You have highly developed organization and prioritization skills in order to handle multi-tasking, balancing and prioritizing a number of daily tasks and P&L problems given a work environment of increased expectations around control, service, and accounting transparency. Monitor the effectiveness of the daily control procedures designed to detect an error or omission in daily trade reporting to ensure accuracy of reporting.

  • P&L and valuation controls – You will ensure accurate, complete, and timely P&L reporting to relevant stakeholder groups. The team will understand and fully attribute the daily P&L in the context of market conditions and valuation changes. Month-end IPV will be executed with transparent stakeholder communication and continuous intra-month methodology enhancements

  • Transformation – You will participate in and drive continuous improvements and assist in the development of new systems and processes to enhance the overall efficiency and effectiveness of the department. You will collaborate to determine business needs and the analytical or financial support required to aid in the effective business decision making process and provide input on issues and insights on new systems initiatives.

Who you are

  • You understand that success is in the details. You notice things that others don't. Your critical, analytical thinking skills and sound judgement 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.

  • You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

  • You’re a certified professional. You have current accreditation and good standing in a CFA.

  • You can demonstrate experience in concepts and processes for the PnL reporting of complex and/or sensitive nature; derivative products, customized securities, cross currencies, forwards, options and other vanilla and non-standard derivative transactions. You will have 5+ years of relevant Product Control work experience

  • 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

  • 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, French proficiency, 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

Toronto-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytics Insights, Compliance Oversight, Financial Analysis and Reporting, Group Problem Solving, Leadership, Management Accounting, Management Reporting, Operations Management, Policy Procedures, Process Improvements, Project Management Similar Jobs (2) Group Product Manager locations Toronto, ON time type Full time posted on Posted 6 Days Ago Analyst, Product Management locations Toronto, ON time type Full time posted on Posted 3 Days Ago

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. #J-18808-Ljbffr

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