We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s 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 CIBC.com (https://www.cibc.com/en/about-cibc.html)

What You’ll Be Doing

As a member of the US Finance, Product Control team, you’ll provide expert information, advice, and decision-making support to facilitate the success of CIBC’s Capital Markets, Treasury, and Corporate Banking businesses.

As an Associate, you’ll interact with Finance and Capital Markets personnel, as well as partner with other infrastructure groups on initiatives (including global initiatives). You’ll provide both analytical and initiative support and delivery to the Capital Markets and Treasury businesses in the US.

The CIBC Finance group provides financial services to CIBC’s businesses through effective governance and decision support processes. These services include financial, management and regulatory reporting, maintenance of accounting records and internal controls, financial analysis and planning, tax planning and compliance, treasury, global sourcing and payment processing, regular reviews of business line performance, corporate real estate and liaison with CIBC’s investors. In addition, Finance assists Corporate Development in providing financial advice regarding CIBC’s business opportunities and transactions.

The US Finance team consists of nine members. The Product Control team provides expert information, advice and decision-making support to facilitate the success of CIBC’s Capital Markets, Treasury and Corporate Banking businesses. US Finance provides three key services to our clients: daily financial estimates (DFE or daily P&L), accounting and control, and new business initiatives and analytics support.

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.

How You’ll Succeed

Meet the key accountabilities below assigned by the Head of US Capital Markets Product Control l:

Daily P&L

• Produce, and explain Daily P&L prior to circulation for a variety of Capital Markets and Treasury businesses, including accountability for daily revenues and decomposition accuracy.

• Explanation around Daily P&L numbers including analysis of P&L fluctuations and significant drivers for senior management reporting

• Month end reconciliation of Daily P&L vs Actual

• Consolidation and review of business and entity DFE commentary.

• Review, explain and communicate Independent Price Verification (IPV) results to key stakeholders for US business lines. Manage stakeholder comfort and sign-off process.

• Ensure month end and quarter end reporting is complete and accurate.

• Be constantly aiming to automate and improve processes

• Maintain and update procedures and review and approval documentation

Accounting

• Ensure month end and quarter end reporting is complete and accurate and compliant with both IFRS and US GAAP.

• Understand and be comfortable with the relationship between the numbers being reported as part of the daily P&L for the US region and legal entities and the resultant accounting and balance sheets and income statements.

• Ensure that balance sheet and income statement numbers are reconciled and reviewed. Rigorously follow-up on any outstanding issues.

• Maintain and update procedures and review and approval documentation

• Perform team admin tasks as assigned by manager.

Strategic and New Initiatives

• Contribute to US Finance input and feedback on Change Initiatives and New Product Onboarding.

• This includes implementing any required source system and manual process changes and updating procedure manuals to reflect same.

Who You Are

• You have a Bachelor’s degree in Economics, Finance or Accounting and/or 3-5 years business related experience.

• Experience ideally includes experience with a broad range of Capital Markets products, notably: Fixed Income, Margin Lending, Securities Lending, Options, Futures, Derivatives.

• Ability to see issues from multiple points of view, whether it be the Line of Business, Legal Entity, Product, Source System, etc.

• Well-developed organization and prioritization skills in order to handle multiple tasks (prioritizing daily work with various project work and demands of client base) within an extremely dynamic environment.

• Strong interpersonal, communication, and influencing skills to develop and maintain productive working relationships on very complex issues with the staff and management of Front Office, Risk Management, Technology, and Finance

• Self-motivated team player with a flexible approach to problem solving

• Strong leadership skills an advantage

• Able to accept and take responsibility

• Ability to work under pressure and to tight deadlines.

• Control orientated with a thorough and analytical approach

• Well-developed computer skills, especially Microsoft Excel

• Ability to work with and manipulate large sets of data from multiple sources

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

Conduct and Risk Culture

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls

• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals

• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements

• Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings

• Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same

• Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders

• Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of USD$95,000 – USD$115,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s 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 Mailbox.careers-carrieres@cibc.com

• 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, French proficiency, 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., 6th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Communication, Deliverables Management, Financial Analysis and Reporting, Financial Consulting, Governance Reporting, Microsoft Excel, Regulatory Requirements, Risk Assessments

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.