Senior Financial Analyst, Product Control

Canadian Imperial Bank of Commerce; Toronto; On-site; CAD 65,000 - 95,000; Full time

Job summary

An established industry player is seeking a Senior Financial Analyst to join their dynamic team in Toronto. This role focuses on analyzing and reporting financial data, ensuring compliance with regulations, and contributing to process improvements. You'll work closely with cross-functional teams, leveraging your analytical skills to drive efficiency and accuracy in reporting. With a hybrid work model, you can enjoy flexibility while making a meaningful impact in a supportive environment that values your contributions. Join a firm committed to your growth and success, offering competitive benefits and opportunities for professional development.

Benefits

Competitive salary

Incentive pay

Banking benefits

Defined benefit pension plan

Employee share purchase plan

Vacation offering

Wellbeing support

Social recognition program

Qualifications

• 3+ years of experience in financial reporting for complex instruments.
• Strong analytical skills and attention to detail.

Responsibilities

• Analyze and communicate daily trade information for Capital Markets.
• Reconcile trade data against estimates and general ledger.

Skills

Accounting

Analytical Thinking

Financial Analysis

Financial Reporting and Analysis

Reconciliations

Regulatory Requirements

Conducting Investigations

Group Problem Solving

Education

CFA or CPA designation

Tools

Alteryx

Microsoft Tableau

Power BI

Job description

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

What you’ll be doing

Reporting to the Senior Manager of Product Control, the Senior Financial Analyst’s main role is to analyze financial data, specifically focusing on Profit and loss reporting. The successful candidate will play a critical role in analyzing, reconciling, valuation and reporting daily and monthly profit and loss data, ensuring compliance with regulatory standards, and contributing to the overall success of our finance team by taking part in automation and process improvement projects.

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

• P&L Analysis - Analyze, interpret, and communicate daily trade information using underlying profit and loss reports from the general ledger (GL) and other trading systems for our Capital Markets lines of businesses.
• IPV Reporting - Independently verify and validate the pricing of financial instruments to mitigate risk, comply with regulatory requirements, and ensure the integrity of financial data.
• Reconciliation - Reconcile source system trade data against trader estimates/general ledger and communicate discrepancies and provide commentary on main P&L drivers. Assist with daily investigations and resolve P&L variances.
• Data Management - Collect, organize, and maintain data related to Profit/Loss and balance sheet/trial balance data from the GL.
• Cross-functional Collaboration - Work closely with trading desks, accounting and CFO teams to gather and analyze Daily Financial Estimates against the General Ledger. Assist in investigating variances and explaining month-end adjustments.
• Process Improvement - Continuously evaluate and enhance financial reporting processes and methodologies to optimize efficiency and accuracy.
• Audit Support - Assist internal and external auditors in the examination and verification of financial data as needed.

Who you are

• You understand that success is in the details. You pay attention to detail and notice things that others don't. Your critical, analytical thinking skills and sound judgement 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 relevant experience(3+ years)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 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 [e-mail]

• 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

Toronto-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accounting, Analytical Thinking, Conducting Investigations, Financial Analysis, Financial Reporting and Analysis, Group Problem Solving, Reconciliations, Regulatory Requirements