Global Markets, CAO Group, Director (VP-Level)
New York City, NY - USA
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:
The US Capital Markets CAO group provides strategic and operational leadership for CIBCs US Capital Markets business supporting its mandate to be a premier client-focused global bank. The CAOs Global Markets Business Management Team acts as the primary liaison between Front Office Trading teams Sales desks and both internal and external vendors brokers and suppliers.
Our team supports the US Trade Floor businesses by leading revenue-generating initiatives and managing internal projects all focused on driving and sustaining profitability. This ensures seamless coordination and effective partnership across all functions. Business Management is dedicated to maintaining a robust control environment and providing expert guidance to advance business strategy.
This role supports Senior Business Managers across various Trading Product areas with a primary focus on Fixed Income and Distribution. The ideal candidate will have experience in Fixed Income products with specific expertise in Bond trading (US Investment Grade US Treasuries) and Rates.
How Youll Succeed:
Effectively prioritize delegate and execute assignments projects and initiatives proactively addressing issues to enable Traders and Sales teams to remain focused on their specialized roles.
Contribute to the implementation of business strategy in support of US strategic growth plans; coordinate and draft project plans and business requirements for new initiatives while ensuring compliance with CIBCs Change Initiative Risk Assessment (CIRA) process;
Be responsive and accessible to the business throughout the day; be proactive in response to information requests and promptly resolve any day-to-day service or business related issues;
Establish and sustain effective working relationships with stakeholders across supported business areasincluding Fixed Income Distribution (Sales) Repo. Treasury and othersup to and including Senior Management levels.
Partner with cross-functional groupsincluding Middle Office Finance Operations Technology Compliance Legal Regulatory Supervision and Internal Auditto resolve issues enhance efficiencies advance business objectives and deliver positive outcomes. Assist in identifying and escalating issues risks and dependencies and facilitate effective communication across teams.
Coordinate and contribute to responses of various internal and external auditor / regulator requests findings and reports; remain apprised of the ever changing and applicable regulations and laws; ensure regulatory requirements and CIBC policies are understood implemented and monitored successfully.
Manage and maintain an effective and documented internal control structure demonstrated through regular updates to desk policies and procedures and adherence to and successful testing of internal controls and logical access reviews.
Manage and analyze financials for the US Trade Floor coordinating with Business Management partners in Toronto to produce revenue expense and headcount budgets and updating forecasts and estimates throughout the fiscal year. Review and control operating and allocated expenses to identify and recommend cost reduction opportunities. Provide accurate and detailed financial reports to desk heads and management on a periodic basis;
Partner with technology to ensure design and build requirements meet business needs; assist with technology projects by prioritizing and participating in technology discussion; synchronize and integrate the US Trade Floors strategic technology deliverables with those of CIBC Global Markets;
Support and organize technology infrastructure initiatives for the U.S. Trade Floor which include but are not limited to the following: trade floor moves voice (turret) / communication network new user set-up new infrastructure technology initiatives application initiatives hardware and market data. Focus on maximizing efficiencies and minimizing costs;
Liaise with external vendors and third party providers to coordinate market data services execution platforms broker contracts etc.; coordinate with technology legal compliance and other CIBC stakeholders to ensure approval and/or on-boarding of such is acceptable to CIBC;
Collaborate with various risk groups to ensure comprehensive understanding of credit market and operational risk across all businesses. Ensure Traders are informed about their applicable market risk limits approved products list and other relevant risk parameters.
Create a positive work environment and serve as an effective role model by championing CIBCs mission vision and values.
Who You Are:
5 - 10 years of demonstrated experience as a Business or Front Office Project Manager;
Subject matter expertise and in-depth knowledge of Fixed Income products.
Highly motivated self-starter; able to thrive in a fast-paced results-driven environment with limited management oversight.
Experience leading projects involving multiple infrastructure team stakeholders including Compliance Legal Risk IT Operations and Finance.
Ability to articulate complex issues concisely and communicate effectively and comfortably with senior leaders; excellent relationship building and stakeholder management skills.
Strategic thinker with proven leadership abilities.
Strong interpersonal written verbal and presentation skills
Ability to manage multiple assignments under aggressive targets and potential changes in plans.
Strong knowledge of Microsoft applications (including PowerPoint Excel Visio)
Previous COO or front office project management experience required
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
WORKING CONDITIONS
Fast-paced Trade Floor environment
Ability to thrive in a changing work environment
#LI-TA
California residents your privacy rights regarding your actual or prospective employment
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $150000 - $180000 for the NYNY market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees 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
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 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
NY-300 Madison Ave. 5th FloorEmployment Type
RegularWeekly Hours
40Skills
Business Business Effectiveness Business Processes Capital Markets Critical Thinking Customer Experience (CX) Customer Service Leadership Long Term Planning Project Management Proposal Writing Strategic ObjectivesRequired Experience:
Exec