CIBC

Business Development Manager, CIBC Global Asset Management

CIBC$75K — $85K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in telephone sales within mutual funds or wealth management.
  • Proven knowledge of current trends in broker/dealer industry and capital markets.
  • Possession of relevant certifications, with the Canadian Securities Course (CSC) preferred.
  • A degree in a related field such as finance or business.
  • Strong interpersonal skills with a passion for building relationships.

Responsibilities

  • Prospect for new business opportunities with financial Advisors via phone and follow-ups.
  • Demonstrate comprehensive knowledge of CIBC Global Asset Management products and market trends.
  • Deliver product information and business development resources during client meetings.
  • Cultivate and nurture existing business relationships to consistently achieve sales targets.
  • Collaborate with a Director of Regional Sales within your territory to drive market share growth.

Benefits

  • Competitive compensation with banking benefits and a comprehensive benefits program.
  • Defined benefit pension plan and employee share purchase plan.
  • Generous vacation offering and well-being support for work-life balance.
  • Participation in MomentMakers, a social recognition program.
  • Opportunities for personal growth through initiatives like Purpose Day, a paid day off for development.
Full Job Description
What you'll be doing

You will be part of a dynamic team in one of Canada's largest Asset Management (GAM) firms within the Canadian wealth industry. We are looking for energetic, sales savvy and client service-oriented individuals to join our team. In your role as a Business Development Manager, you will work with a Director, Regional Sales within a defined territory to increase market share of CIBC Global Asset Management with existing clients while incrementally developing new business relationships by prospecting. Your primary sales activity will be over the telephone and, when required, meet the client face to face as determined by events and activities within the region.

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.

The expected annualized base salary for this role is $75,870 to $85,000.

This role is also eligible for variable incentive compensation, which varies significantly based on several factors, including employee performance. Based on past performance of employees in this role, variable incentive compensation may range from approximately $45,000 to $95,000 annually, but actual amounts earned can be outside of this range.

We are committed to providing fair, equitable, and competitive compensation opportunities for all employees and encourage open conversations about compensation throughout the recruitment process.

How you'll succeed
  • Business Development: Prospect for new business with Advisors in your territory over the telephone through contacts and regular follow-ups.
  • Product Knowledge: Ensure full knowledge of most GAM current product and market trends including product/portfolio features, benefits, and investment strategies; Periodically deliver product information and business development tools with Advisors at client meetings.
  • Relationship Building: Strengthen existing business relationships to consistently meet sales target.


Who you are
  • You can demonstrate experience in telephone sales within the mutual fund/wealth management industry (an asset) You are knowledgeable and have an interest of current trends in the broker/dealer industry, bond and capital markets
  • You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
  • You're a certified professional. You have current accreditation and good standing Canadian Securities Course (CSC) preferred.
  • You have a degree in a related field.
  • 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 competitive compensation, 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

Job Location
Toronto-141 Bay, 18th Floor

Employment Type
Regular

Weekly Hours
37.5

Skills
Analytical Reports, Business Acquisitions, Business Development, Business Initiatives, Client Service, Customer Experience (CX), Customer Retentions, Investment Research

About CIBC

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city's Financial District. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.
Learn more about CIBC
Market Cap
$43.5 billion
Industry
Founded
1867
5 Year Trend
+8.8%

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