Associate I, Prime Services Support

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

What You'll Be Doing
 

Our Prime Brokerage business delivers a suite of wholesale financing solutions and services to hedge fund and broker-dealer clients to meet the regulatory and risk-based leverage needs of today's most sophisticated institutional investors across multiple asset classes.  Our Clearing Services business offers outsourcing solutions to broker dealers in cash and derivatives markets, including custody, clearing, books and records and financing of settlements and positions. As an Associate I Prime Service Support you will complete various tasks such as end of day trade ticketing, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing, while also liaising closely with front office and the trading desk. In addition, you will serve as a liaison between Front Office and the Back Office, helping troubleshoot and resolve outstanding issues, and provide internal reporting. The incumbent will proactively analyze and recommend enhancements to existing business processes, clearly communicate rationale and negotiate solutions which will enhance operational effectiveness. Technical knowledge in Python, SQL, VBA, etc. is required for success in this role and the business. Product knowledge in Cash Prime and Synthetic Prime, linear and non-linear is preferred.  

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview. 

How You'll Succeed 

• Attention to detail & Analytical skills - You will manage distribution of daily client reports, ensuring timely delivery, and will also assist in presenting analytical reports to senior management and clients. Including reconciliation of the Prime Brokerage Platform and ADP, trade entry, end of day trade ticketing, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing. Knowledge in terms of the products (cash and synthetic, both linear and non-linear) that are traded within the Prime business and associated risks both, market and operational.
• Relationship-Building - The incumbent will have frequent professional engagement with clients, traders, regulators, technology, senior leaders and other support staff. You will be required to liaise and manage  both internal and external relationships.
• Problem-Solving - Knowledge of approaches, tools, techniques for recognizing, anticipating and resolving organizational, operational or process problems. Identifies and documents specific problems, and alternative resolutions. Strong Technical skills, Python, SQL, VBA, Excel, etc. are a must.
• Operational Functions - Knowledge of major functional processes and associated operating requirements. Seeks efficiencies in operational functions wherever possible. Experience with Markit Cash One, Broadridge/ADP, along with other industry-leading applications preferred.
• Effective Communication - Ability to effectively transmit, receive, and accurately interpret ideas, information and needs through the application of appropriate communication behaviors, tools and techniques. Communicates well downward, upward and outward.  

Who You Are

• You can demonstrate experience. 2+ years of experience in relevant industry roles.  Showing understanding of trade execution/processing, reconciliations, interest calculations, Pricing and NAV calculations, Risk, etc.  A strong understanding of capital markets and familiarity with brokerage and clearing house regulations is beneficial.  Previous experience in Capital Markets roles is an asset with familiarity of margin rules (IM, VM, Collateral), brokerage finance, equity finance, & linear and non-linear derivatives. 
• You give meaning to data. You enjoy investigating complex problems, and making sense of information. Knowledge in Python, SQL, VBA, etc. and project management lifecycle. You're confident in your ability to communicate detailed information in an impactful way. 
• You're passionate about people. You build relationships with colleagues, stakeholders, and clients alike. Through trust, honesty, respect and authenticity.. 
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do. 
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills 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 have at least an undergraduate degree. in Economics, Finance, Accounting, or another undergraduate degree. CFA, FRM, CSC, CPH, Options License, Futures License are assets. 
• 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-

• 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.

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