Associate I, Prime Services Support

Canadian Imperial Bank Of Commerce

Job Location:

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

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

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 todays 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 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 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 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 Youll 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. Youre confident in your ability to communicate detailed information in an impactful way.
Youre 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 its the right thing to do.
You understand that success is in the details. You notice things that others dont. Your critical thinking skills help to inform your decision making.
You embrace and champion change. Youll 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
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-161 Bay St. 5th

Employment Type

Regular

Weekly Hours

37.5

Skills

Business Operations Management

Required Experience:

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 meaningf...