CIBC

Senior Financial Analyst, Capital Markets Accounting

CIBC$85K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of experience in accounting, preferably in capital markets
  • CPA accreditation or in progress; CFA designation is a plus
  • Strong knowledge of IFRS and financial reporting for financial instruments
  • Proficient in MS Excel; familiarity with automation tools like Alteryx, PowerAutomate, or Tableau is an asset
  • Experience with derivative instruments and other financial products is essential.

Responsibilities

  • Ensure accuracy and validity of financial results for Capital Markets
  • Drive adherence to accounting controls and timeliness in reporting
  • Collaborate with Front Office and various stakeholders for financial data integrity
  • Support transformational Finance initiatives and special projects
  • Maintain process maps and task manuals aligned with regulatory requirements

Benefits

  • Competitive salary and incentive pay
  • Banking benefits and comprehensive benefits program
  • Defined benefit pension plan and employee share purchase plan
  • Paid vacation and wellbeing support
  • Opportunity for personal development through Purpose Day
Full Job Description
What You'll Be Doing

The Capital Markets Accounting Team is responsible for the integrity and timeliness of the Capital Markets business units' accounting and financial reporting. Reporting to the Senior Manager of Capital Markets Accounting, the Senior Financial Analyst's primary responsibility is to ensure the accuracy and validity of reported financial results for the supported Capital Markets line of business, in compliance with required accounting and control standards. The Senior Financial Analyst also plays an active role in transformational Finance activities and supports the related Capital Markets business on special projects and strategic initiatives.

The Senior Financial Analyst will work with Front Office in Capital Markets, Capital Markets CFO team, Finance Product Control and various infrastructure groups (such as Operations, Risk, and Technology) to ensure the accuracy and completeness of Financial results for the business line under monitor.

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

  • Accounting and Controls - You drive accurate, complete, and timely inputs to the various reporting groups. Provide accounts attestation and ensure all balance sheet accounts are substantiated. Inspire adherence to timing in Service Level Agreements and support the investigation and analysis of different methodologies by liaising with the Front Office, the CFO group, Accounting Policy, External Reporting, and Operations.
  • Relationship Management - You have good communication, teamwork, partnership and relationship building skills sufficient to act in a collaborative manner with team members and stakeholders from different backgrounds and experiences. You will liaise daily with Finance, Front Office and other Capital Markets' stakeholder groups.
  • Agility - You support agile accounting processes and controls to ensure timeliness and accuracy. Ensure changes in accounting 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 understand that success is in the details. You notice things that others don't. Your critical, analytical thinking skills, and sound judgement help to inform your decision making.
  • You're a certified professional. You have current accreditation and good standing in CPA or working towards your CPA designation. The CFA designation is an asset.
  • You can demonstrate a minimum of 3+ years of accounting experience, ideally focused on capital markets accounting, in order to support the oversight and governance functions. Key to this role will be a passion for accounting, combined with advanced proficiency in MS Excel and knowledge of derivative instruments. In addition, you will have strong knowledge of IFRS and Financial Reporting requirements for Financial Instruments. You understand interest rate products, customized bonds, money markets, cross currency products, equity-linked derivatives, swaps, forwards, options, futures, and other vanilla and non-standard derivative transactions. It's an asset if you have public accounting firm experience. Knowledge and understanding of equity derivates, along with exposure to automation tool such as Alteryx, PowerAutomate or Tableau will be considered a strong asset as well.
  • 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.
  • 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

Job Location
Toronto-81 Bay, 26th Floor

Employment Type
Regular

Weekly Hours
37.5

Skills
Accounting Processes, Controllership, Financial Instruments, Financial Reporting and Analysis, Internal Controls

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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