Senior Manager â Legal Entity Regulatory Reporting
Senior Manager â Legal Entity Regulatory Reporting
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Job Description
Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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 Youll Be Doing
As a member of the Legal Entity Regulatory Reporting team you will participate in the preparation of regulatory returns for CIBC World Markets Inc. (WMI) CIBC Investor Services Inc. (ISI) CIBC Securities Inc. (SI) CIBC Trust CIBC Mortgage Inc. CIBC Asset Management Inc. and CIBC Life Insurance to various regulators. Primary accountabilities include daily monthly quarterly and annual reporting processes including the preparation and submission of periodic regulatory reports for the AMF CDIC CIRO (formerly IIROC and the MFDA) CMHC CPIF OSC OSFI SEC and Stats Canada. Accountabilities also include interaction with various business partners auditors and external regulators as well as controllership type-functions including the review of legal entity results and analysis of the results in the context of key business drivers.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 1-3 days per week on-site while other days will be remote.
How Youll Succeed
Reporting - Reviewing and analyzing the legal entity results as part of the monthly close process (including variance analysis review of key schedules reconciliations etc.). In addition preparation of the following: monthly and annual statement of financial position and income statement for WMI and supporting analysis; monthly and annual Form 1 report for SI; estimated Risk Adjusted Capital (RAC) for WMI and SI with supporting schedules; quarterly Board packages for WMI and SI; annual Corporate Finance Participation fees to OSC and ASC; OSC participation fees to OSC for CIBC Investor Services Inc. Asset Management Inc. Securities Inc. and Investment Fund Manager; the Statement of Member Asset Location for WMI and SI
Advisory Assist other business partners in respect of new business initiatives including: Working with the Finance Business Support groups and Front Office to understand the initiative and identify relevant CIRO rules and regulations and implications thereon. Liaise with CIRO to proactively obtain approval of significant new business initiatives where required. Work with various functional groups to implement new initiatives to ensure that all information necessary for regulatory reporting is captured.
Regulatory Oversight - Assist in the monitoring applicable regulatory developments co-ordinate with other groups to assess their impact on CIBC for approved changes ensure that the impacted LOBs (e.g. Finance Technology and Operations) are engaged for implementation. For changes to regulatory requirements assist in determining key information needs develop/institute appropriate data collections routines analytical procedures and reporting formats/requirement. Assist with the management of the annual CIRO FinOps examination for WMI ISI and SI
Ad Hoc Responsibilities - Identify ways to improve departmental operations to meet management needs and optimal operating efficiency. Perform special projects as assigned.
Who You Are
Youre have a degree in Business Accounting or Finance. A Graduate degree in business and/or Accounting/Financial designation will be considered an asset. Knowledge of banking products (including capital markets offerings) CIRO investment dealer and mutual fund dealer rules and regulations will be beneficial.
You can demonstrate 5-7 years of relevant experience in regulatory reporting financial analysis or related areas. Its an asset if you have experience working with key internal and external stakeholders including auditors and external regulators.
You give meaning to data. You enjoy solving complex problems researching new areas and making sense of information. Youre confident in your ability to communicate complex information in an impactful way.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
#LI-TA
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
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 FloorEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Critical Thinking Deliverables Management Financial Analysis Regulatory Reporting Reporting Processes Results-OrientedRequired Experience:
Senior Manager
Employment Type
Full-Time
