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Associate I, Prime Services Support
Key Details
- full time Jobs
- 2+ years experience
Top Skills Required
Top Benefits
Description
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
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 Electronic Trading business delivers high-touch and low-touch execution capabilities across global markets, providing institutional clients with efficient market access, algorithmic trading solutions, and seamless connectivity supported by strong risk management and operational oversight. And 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 anAssociate I Prime Service Support you will complete various tasks such trade ticketing and allocations, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing, assist with new business/new product initiatives, while also liaising closely with front office and the trading desk. In addition, you will serve as a liaison betweenFrontOffice andtheBack Office, helping troubleshoot and resolve outstanding issues, andprovideinternal reporting. The incumbent will proactively analyze and recommend enhancements to existing business processes, clearly communicaterationaleand negotiate solutions which will enhance operational effectiveness.Technical knowledge in Python, SQL, VBA, etc. isrequiredfor success in this role andthe business. Product knowledge in Cash Prime and Synthetic Prime, linear and non-linear trading 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, ensuringtimelydelivery, and will alsoassistin presenting analytical reports to senior managementand clients.Includingreconciliation ofthePrime Brokerage Platform and ADP,trade entry,trade ticketing and allocation, security master maintenance, price maintenance, trade corrections, monthlyfeescalculation and processing.Mandatory knowledge in terms of the products (cash and synthetic, both linear and non-linear) that are tradedwithinthePrime business and associated risksboth,market and operational.
- Partnership and relationship management-The incumbent will have frequent professional engagement with clients, traders, regulators,technology,seniorleadersand other support staff. You willbe requiredto liaise andmanage bothinternal and external relationships.
- Problem-Solving-Knowledge of approaches, tools, techniques for recognizing,anticipatingand resolving organizational, operational or process problems.Identifiesand documents specific problems, and alternative resolutions. Use tools such as Python, Structured Query Language (SQL), Visual Basic for Applications (VBA), and Excel to automate tasks, enhance reporting, support data analysis, and strengthen business processes. Strong Technical skills, Python,SQL, VBA, Excel, etc.area must.
- Product and risk awareness- Apply and continue building knowledge of cash prime and synthetic prime products, including linear and non-linear instruments, as well as the related market, operational, margin, collateral, and settlement risks across the end-to-end trade lifecycle.
- Operational Functions-Knowledge of major functional processes and associated operating requirements. Seeks efficiencies in operational functions wherever possible. Experience with Markit Cash One, Swap One, Broadridge/ADP, along with other industry-leading applications preferred.
- Effective Communication-Ability to effectivelytransmit, receive, and accurately interpret ideas,informationand needs through the application ofappropriate communicationbehaviors,toolsand techniques.Communicateswell downward,upwardand outward.
Who you are
- You candemonstrateexperience.2+ years of experience in relevant industry roles. Showingunderstandingof tradeexecution/processing, reconciliations, interest calculations,Pricing andNAV calculations,Risk, etc. Astrong understanding of capital markets and familiarity with brokerage and clearing house regulations is beneficial.Previousexperience inCapital Marketsroles is an asset with familiarity of margin rules(IM, VM, UMR, Market Risk, Collateral), brokeragefinance,equity finance, & linear and non-linear derivatives.
- You give meaning to data.You enjoy investigating complexproblems, andmaking sense of information.Knowledge in Python, SQL, VBA, etc. and project management lifecycle.You'reconfident in your ability to communicate detailed information in an impactful way.
- You're passionate about people. Youbuildrelationshipswith colleagues, stakeholders, and clients alike.Throughtrust, honesty,respectandauthenticity..
- You put our clients first. You engage withpurposeto findthe right solutions. You go the extramile, becauseit'sthe right thing to do.
- You understand that success is in the details. You notice things that othersdon't. Your critical thinking skills help to inform your decision making.
- You embrace and champion change.You'llcontinuously evolve your thinking and the way you workin order todeliver your best.
- You have at least an undergraduatedegree.in Economics, Finance, Accounting, Business Administration, or another related undergraduate degree.CFA, FRM, CSC, CPH, Options License, Futures License are assets.
- Values matter to you. You bring your real self toworkand 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 [email protected]
CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
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 test (such as simulation, coding, French proficiency).
We use artificial intelligence tools during the recruitment process. 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-141 Bay, 21st FloorEmployment Type
RegularWeekly Hours
37.5Skills
Business, Operations ManagementJob Details
- Job Type
- full time
- Experience
- 2+ years