5-7 years of experience in financial reporting and analysis
Strong understanding of P&L reconciliation and decomposition
Proficiency in analyzing complex financial instruments and derivative products
Experience with data visualization tools like Alteryx, Tableau, or Power BI is a plus
CFA or CPA certification in good standing is required
Excellent critical thinking and communication skills
Ability to work collaboratively with diverse teams
Responsibilities
Manage relationships with Finance, Front Office, and Capital Markets stakeholders
Support Front Office and Risk Management with P&L decomposition
Ensure timely and accurate financial reporting through agile processes
Maintain detailed process maps and task manuals in compliance with regulations
Review and consolidate daily financial commentary for stakeholders
Benefits
Competitive salary and incentive pay
Comprehensive benefits program and defined benefit pension plan
Employee share purchase plan and vacation offerings
Wellbeing support and recognition programs
Paid day off for personal growth and development initiatives
Full Job Description
What you'll be doing
The Daily Financial Estimates (DFE) Product Control Team is accountable for the integrity and timeliness of gross revenue for management records and reporting; namely Profit and Loss (P&L) reconciliation and decomposition to trader's Same Day Estimates (SDE). You will embody the One Finance Vision and Guiding Principles.
At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.
How you'll succeed
Relationship management - possess good teamwork, partnership and relationship building skills sufficient to act in a collaborative manner given team members and stakeholders different backgrounds and experiences. You will liaise daily with Finance, Front Office and other Capital Markets stakeholder groups.
Corroboration - provide supporting activities to Front Office, Risk Management and Finance, which includes decomposition of P&L by risk factors to ensure business partners, understand the underlying drivers of P&L. Review and consolidate daily commentary and analyses for stakeholders.
Agility - You support agile processes and controls to ensure timeliness and accuracy. Ensure changes in policies/requirements are implemented in a controlled manner. Maintain adequate end to end process maps and detailed task manuals in accordance with best practices, regulatory requirements, SOX, and Internal Controls.
Who you are
You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
You can demonstrate experience and understanding of concepts and processes for the financial reporting of complex and/or sensitive instruments, derivative products, fixed income, cross currencies, forwards, options, and other vanilla and non-standard derivative transactions. It's an asset if you have experience in Alteryx, Microsoft Tableau, Power BI.
You're a certified professional. You have current accreditation and good standing in a CFA or CPA designation.
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 clarity in our hiring process. All roles posted are opportunities we're actively recruiting for, unless stated otherwise.
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 test (such as simulation, coding, French proficiency).
We use artificial intelligence tools during the recruitment process. 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 Floor
Employment Type Regular
Weekly Hours 37.5
Skills Finance
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.
