Capital Markets Accounting Director

Capital Markets Accounting Director - Fixed Income, Currencies and Commodities (FICC) page is loaded Capital Markets Accounting Director - Fixed Income, Currencies and Commodities (FICC) Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id 2407881

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

The Capital Markets Controllership Team is responsible for the integrity and timeliness of the Capital Markets business units’ financial reporting. This is a high profile role reporting to the Capital Markets Controller. The successful candidate will work closely with stakeholders to drive best in class financial accounting, provide expert information support which facilitates the success of CIBC Capital Markets businesses, and enable process transformation by sharing best practices across various jurisdictions. This role involves collaboration with business partners across Front Office, Operations, Technology, Controllership, CFO groups. You will have exposure to various finance executive teams. You will embody the CIBC One Finance Vision and Guiding Principles.

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

• Accounting and Controls – You provide accurate, complete, and timely input to the various reporting groups. Provide accounts attestation and ensure all balance sheet accounts are substantiated. Inspire adherence to timing in Service Level Agreements . Support the explanation of P&L differences between daily financial estimate “DFE” vs. general ledger “GL” by liaising with Product Control , investigating differences in valuation methodologies, and resolving settlement or trade booking discrepancies with infrastructure partners.
• Agility – You maintain agile accounting processes and controls to ensure timeliness and accuracy. Ensure changes in accounting policies/requirements are implemented in a controlled manner. Work with Chief Accountant’s Group to ensure policy as mandated and agreed with other governance partners to ensure CIBC control environment is visible, robust and efficient. Support new business growth by providing timely feedback to cross-functional stakeholders regarding financial reporting risks from business initiatives and advise on required controls to mitigate those risks.
• 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 within Controllership/Finance and with other stakeholder groups such as Front Office, Technology groups, and Operations for new initiatives/processes to ensure efficient issue solutions.
• Transformation – You will participate in and drive continuous improvements. Assist in the development of new systems and processes to enhance the overall efficiency and effectiveness of the department. 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. Maintain adequate end to end process maps and detailed task manuals in accordance with best practices, regulatory requirements, SOX, and Internal Control.
• People leadership - You provide leadership and effective team management. Drive employee commitment to the organization, the team, and their job by: setting appropriate context when assigning work to ensure individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals. You build the team and individual capabilities by providing development opportunities and managing performance. You create a positive work environment and are an effective role model by championing CIBC’s mission, vision, and values.
• Project management skill – You have highly developed organization and prioritization skills in order to handle competing priorities for the team. You will balance a number of projects, processes and problems in an environment of increased expectations around control, service, and accounting transparency. You are a problem solver and self-starter who takes a hands-on approach while dealing with highly complex finance issues.

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 inform your decision making.
• You embrace and champion change. You continuously evolve your thinking and the way you work in order to deliver your best. You inspire team members to do the same.
• 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 CPA or CFA with relevant work experience.
• You can demonstrate experience in concepts and processes for the accounting of complex and/or sensitive nature; interest rate products, customized bonds, money market, cross currencies, forwards, options and other vanilla and non-standard derivative transactions. You are an experienced Accountant and have a strong Capital Markets accounting background in order to perform oversight over accounting functions. This includes enhancement of financial controls across multiple groups. You have strong knowledge of IFRS and Financial Reporting requirements for Financial Instruments. In addition to capital markets instruments, you will demonstrate knowledge of digital banking and FinTech payment solutions. It’s an asset if you have Public accounting firms 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 .

Job Location

Toronto-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accounting, Analytical Thinking, Capital Markets, Commodity Trading, Communication, Currencies, Financial Analysis and Reporting, Fixed Income Trading, Leadership, Team Development Similar Jobs (5) Associate, Securitization & Structured Products Administration locations Toronto, ON time type Full time posted on Posted 3 Days Ago Associate, Merger & Acquisitions, Global Investment Banking locations Toronto, ON time type Full time posted on Posted 10 Days Ago Executive Assistant, Global Markets & Direct Financial Services (18 month contract) locations Toronto, ON time type Full time posted on Posted 10 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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