CIBC

Senior Financial Analyst, Capital Markets and Treasury BIA

CIBC$90K — $110K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Degree in Economics, Finance, Commerce, or Accounting.
  • 5-7 years of related business experience.
  • Experience with accounting treatment for on and off-balance sheet products.
  • Knowledge of financial instruments accounting standards and hedge effectiveness testing.
  • Familiarity with Capital Markets products, pricing, and settlement practices.

Responsibilities

  • Act as primary contact for Capital Markets and Treasury queries, ensuring communication with the Director.
  • Support project migrations by developing business requirements and reviewing testing results.
  • Contribute to continuous improvement and the development of new systems/processes.
  • Build relationships across various teams, including Risk Management and the CFO.
  • Ensure compliance with regulatory training and governance programs.
  • Use strong communication skills to enhance collaboration with internal stakeholders on complex issues.

Benefits

  • Personalized recognition in the form of competitive salary and incentive pay.
  • Comprehensive benefits program and defined benefit pension plan.
  • Employee share purchase plan and generous vacation offering.
  • Wellbeing support and opportunities for professional development.
  • Innovative workspaces and technological support for collaborative solutions.
Full Job Description
What You'll Be Doing

Reporting into the Director, Capital Markets and Treasury BIA (Business Initiatives and Analytics), the Senior Financial Analyst assists the Director and is a point of contact to the business and infrastructure partners on strategic projects, initiatives and ad hoc requests. The incumbent is also responsible for providing both analytical and initiative support and delivery to Capital Markets, Treasury and other strategic business partners, along with detailed investigative analysis in support of Capital Markets and Treasury business initiatives, projects and on post-mortems of key transactions.

At CIBC, we enable the work environment most optimal for you to thrive in your role. You will 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

  • Advisory - Act as point of contact for the business on queries and requests, accountable for communicating status and resolution to Director, Capital Markets and Treasury BIA. Assist with advisory service to the Controllership team and CFO groups to promote continuous improvement to process.
  • Projects and New Initiatives - Support of migrations through providing business requirements, assisting with design solutions and review of test results (SIT and UAT). Assist with review of (and where appropriate sign off on) new initiative business requirements, UAT and SIT to ensure they are adequately supported with documentation to adhere to regulatory guidelines. Assist with Capital Markets and Treasury BIA with various Accounting focused projects, interacting with peers, project teams, Directors and business partners.
  • Continuous Improvement - Participate in and assist with continuous improvement and assist in development of new systems and processes in order to enhance the overall efficiency of the department.
  • Relationship Management - Develop cross-functional relationships with Directors and Senior Analysts within Capital Markets and Treasury, Controllership teams, Risk Management, and CFO Canada, Infrastructure and Front Office.
  • Compliance - Monitor compliance with all CIBC regulatory training and ensure these programs and policies are applied consistently across the business. The incumbent is personally responsible for compliance with all such regulatory and governance programs.
  • Communication/Interpersonal Skills - Exhibit great interpersonal and communication skills to develop and maintain productive working relationships with internal stakeholders such as of Front Office, Risk Management, Technology, and Finance, as well as to deal with escalations effectively. Strong problem solver, self-starter, taking hands-on approach and be able to deal with moderately complex finance issues. In addition, able to organize, prioritize, multi-task and balance numerous projects and processes. Actively demonstrate flexibility and creativity to be able to adapt to a constantly changing environment, and to develop and adapt financial procedures and processes to meet such changes.


Who You Are

  • You have a degree in Economics, Finance, Commerce or Accounting, along with 5 - 7 years business related experience. It's an asset if you have completed or in the process of completing a CPA designation.
  • You can demonstrate experience in accounting treatment of on and off-balance sheet products (accrual vs. mark-to-market) to calculate any manual accounting adjustments, and have a knowledge of Financial Instruments Accounting Standards with related knowledge of hedge effectiveness testing and processes. In addition, you have an understanding of Capital Markets products - pricing and settlement practices of Bonds, Swap, Options, Futures, and Foreign Exchange and the ability to develop queries using SQL and write VBA code to troubleshoot. You also have knowledge of multiple trading and reporting systems within Treasury and Capital Markets, along with in-depth knowledge of the portfolio structure in the business systems and General Ledger.
  • You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
  • 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, Analytical Thinking, Capital Market Analysis, Capital Markets, Capital Markets Products, Communication, Parallel Testing, Process Improvements, Requirements Testing, System Mapping, Treasury Accounting, Treasury Analysis, Treasury Products, Usability Testing

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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