Senior Manager – Legal Entity Regulatory Reporting

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 75,000 - 100,000; Full time

Job summary

Join CIBC as part of the Regulatory Reporting team. You will be responsible for preparing various regulatory returns and working alongside internal and external stakeholders to ensure compliance. Ideal candidates have a degree in Business or Finance and 5–7 years of experience in a relevant field. This role offers a flexible hybrid work environment.

Benefits

Competitive salary

Defined benefit pension plan

Employee share purchase plan

Vacation offering

Wellbeing support

Social recognition program

Paid day off for personal growth

Qualifications

• 5-7 years of relevant experience in regulatory reporting, financial analysis or related areas.
• Graduate degree in business or financial designation is an asset.

Responsibilities

• Prepare regulatory returns for various CIBC entities.
• Reviewing and analyzing legal entity results during monthly close.
• Assist with monitoring applicable regulatory developments.

Skills

Analytical Thinking

Critical Thinking

Deliverables Management

Financial Analysis

Regulatory Reporting

Reporting Processes

Results-Oriented

Education

Degree in Business, Accounting or Finance

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

As a member of the Legal Entity Regulatory Reporting team, you will participate in the preparation of regulatory returns for CIBC World Markets Inc. (WMI), CIBC Investor Services Inc. (ISI), CIBC Securities Inc. (SI), CIBC Trust, CIBC Mortgage Inc., CIBC Asset Management Inc., and CIBC Life Insurance to various regulators. Primary accountabilities include daily, monthly, quarterly, and annual reporting processes, including the preparation and submission of periodic regulatory reports for the AMF, CDIC, CIRO (formerly IIROC and the MFDA), CMHC, CPIF, OSC, OSFI, SEC and Stats Canada. Accountabilities also include interaction with various business partners, auditors and external regulators, as well as controllership type-functions including the review of legal entity results and analysis of the results in the context of key business drivers.

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

• Reporting - Reviewing and analyzing the legal entity results as part of the monthly close process (including variance analysis, review of key schedules, reconciliations, etc.). In addition, preparation of the following: monthly and annual statement of financial position and income statement for WMI and supporting analysis; monthly and annual Form 1 report for SI; estimated Risk Adjusted Capital (RAC) for WMI and SI with supporting schedules; quarterly Board packages for WMI and SI; annual Corporate Finance Participation fees to OSC and ASC; OSC participation fees to OSC for CIBC Investor Services Inc., Asset Management Inc., Securities Inc., and Investment Fund Manager; the Statement of Member Asset Location for WMI and SI

• Advisory – Assist other business partners in respect of new business initiatives, including: Working with the Finance Business Support groups and Front Office to understand the initiative and identify relevant CIRO rules and regulations and implications thereon. Liaise with CIRO to proactively obtain approval of significant new business initiatives, where required. Work with various functional groups to implement new initiatives, to ensure that all information necessary for regulatory reporting is captured.

• Regulatory Oversight - Assist in the monitoring applicable regulatory developments, co-ordinate with other groups to assess their impact on CIBC, for approved changes, ensure that the impacted LOBs (e.g. Finance, Technology and Operations) are engaged for implementation. For changes to regulatory requirements, assist in determining key information needs, develop/institute appropriate data collections routines, analytical procedures and reporting formats/requirement. Assist with the management of the annual CIRO FinOps examination for WMI, ISI and SI

• Ad Hoc Responsibilities - Identify ways to improve departmental operations to meet management needs and optimal operating efficiency. Perform special projects as assigned.

Who You Are

• You're have a degree in Business, Accounting or Finance. A Graduate degree in business and/or Accounting/Financial designation will be considered an asset. Knowledge of banking products (including capital markets offerings), CIRO investment dealer and mutual fund dealer rules and regulations will be beneficial.

• You can demonstrate 5-7 years of relevant experience in regulatory reporting, financial analysis or related areas. It’s an asset if you have experience working with key internal and external stakeholders including auditors and external regulators.

• You give meaning to data . You enjoy solving complex problems, researching new areas and making sense of information. You're confident in your ability to communicate complex information in an impactful way.

• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.

• You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.

• 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

Analytical Thinking, Critical Thinking, Deliverables Management, Financial Analysis, Regulatory Reporting, Reporting Processes, Results-Oriented