Job Information
CIBC Manager, Product Control in New York, New York
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 (https://www.cibc.com/en/about-cibc.html)
What You’ll Be Doing
As a member of the US Finance team, you'll provide financial services to CIBC's businesses through effective governance and decision support processes. As Manager, Product Control, you'll interact with Finance and Wholesale bank personnel to provide analytical and initiative support and delivery to the Wholesale bank and Treasury business in the US.
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
Strategic and New Initiatives
Contribute to US Finance input and feedback on Change Initiatives and New Product Onboarding.
This includes implementing any required source system and manual process changes and updating procedure manuals to reflect same.
Production and Analytics
Daily Financial Estimate
Produce, review, explain daily P&L prior to circulation for a variety of Capital Markets and Treasury businesses, including accountability for daily revenues and decomposition accuracy.
Explanation around daily P&L numbers including analysis of P&L fluctuations and significant drivers for senior management reporting
Consolidation and review of business and entity DFE commentary.
Review, explain and communicate Independent Price Verification (IPV) results to key stakeholders for US business lines. Manage stakeholder comfort and sign-off process.
Ensure month end and quarter end reporting is complete and accurate.
Be constantly aiming to automate and improve processes
Accounting
Ensure month end and quarter end reporting is complete and accurate and compliant with both IFRS and US GAAP.
Understand and be comfortable with the relationship between the numbers being reported as part of the daily P&L for the US region and legal entities and the resultant accounting and balance sheets and income statements.
Ensure that balance sheet and income statement numbers are reconciled and reviewed. Rigorously follow-up on any outstanding issues.
Perform team admin tasks as assigned by manager.
Who You Are
Undergraduate degree in Economics, Finance, Accounting and/or 5-7 years business related experience
Minimum 5 years Capital Markets/Investment Banking experience.
Experience ideally includes experience with a broad range of Capital Markets products, notably: Fixed Income, Margin Lending, Securities Lending, Options, Futures, Derivatives.
Ability to see issues from multiple points of view, whether it be the Line of Business, Legal Entity, Product, Source System, etc.
In depth Knowledge of relevant products including derivative and fixed income products
Well-developed organization and prioritization skills in order to handle multiple tasks (prioritizing daily work with various project work and demands of client base) within an extremely dynamic environment.
Strong interpersonal, communication, and influencing skills to develop and maintain productive working relationships on very complex issues with the staff and management of Front Office, Risk Management, Technology, and Finance
Self-motivated team player with a flexible approach to problem solving
Strong leadership skills an advantage
Able to accept and take responsibility
Ability to work under pressure and to tight deadlines.
Control orientated with a thorough and analytical approach
Well-developed PC skills, especially Microsoft Excel
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $95,000- $115,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
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*, 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
NY-300 Madison Ave., 6th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Communication, Deliverables Management, Financial Analysis and Reporting, Financial Consulting, Governance Reporting, Regulatory Requirements, Risk Assessments
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.