Specialist, Operations Management

Canadian Imperial Bank of Commerce; Toronto; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Benefits program*

Defined benefit pension plan*

Employee share purchase plan

Vacation offering

Wellbeing support

MomentMakers recognition program

Job summary

Canadian Imperial Bank of Commerce seeks a Specialist to support NY Repos and Collateral Management. You will manage collateral, cover exposures, and coordinate with counterparties daily.

The role requires strong analytical skills, experience in capital markets, and a focus on timely settlements across multiple jurisdictions. The ideal candidate has deep knowledge of collateral management, securities lending, repo trading and related processes, with advanced Excel and platform experience (CDS,

Qualifications

• Attention to detail with strong analytical skills and the ability to balance trades and collateral.
• Strong research and analysis abilities to identify discrepancies between records and counterparties.
• Continuous improvement mindset with a focus on process enhancements and efficiency gains.
• Ability to work under pressure with tight settlement deadlines across multiple jurisdictions.
• Experience in Capital Markets & Wealth Management Operations, with knowledge of securities lending, repo trading and collateral management.
• Advanced Excel skills and familiarity with CDS, Arrow, APEX, FEDWIRE, DTC/FICC and related platforms.

Responsibilities

• Support Collateral Management, covering exposures, borrowing and pledging securities.
• Coordinate daily with counterparties and lenders to manage collateral.
• Monitor margin calls and settlements to meet SLAs and ensure complete settlement.
• Understand trade events and related accounting activities across multiple products.
• Engage with traders, regulators and support staff; manage processes to improve efficiency.

Skills

Attention to detail

Analytical skills

Process improvement

Work under pressure

Capital markets knowledge

Collateral management

Tools

Excel

CDS

Arrow

APEX

FEDWIRE

DTC/FICC

Broadridge/ADP

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

In support of NY Repos and Collateral Management, the Specialist will participate in various operational activities which include but are not limited to Collateral Management, covering of exposures, borrowing and pledging securities, Margin Calls, Settlements and Corporate Actions. You become a subject matter expert and understand numerous complex products, associated trade events (including accounting activities) and other related process flows. Coordinate with counterparties and lenders daily to manage collateral. The role will require frequent professional engagement with clients, traders, regulators, senior leaders and other support staff. At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, 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

• Attention to detail with good analytical skills - Exceptional attention to detail, ensuring that all trades are fully collateralized, all client agreements and trade commitments are adhered to, and are fully balanced and settled by specified SLAs without errors or breaks.
• Regularly participate in research and analysis of discrepancies between internal records, custodians and counterparties.
• Continuous improvement mindset - Strong focus on process improvement. Regularly identify, develop and implement operational process enhancements with the goal of improving efficiencies and synergies between internal and external partners.
• Ability to work under pressure with tight deadline - Operate within multiple daily settlement deadlines across international jurisdictions (ie: Europe, UK, US and Canada). Ensure all trades, margin requirements and other daily operational activities are settled prior to end of business in respective jurisdictions without any risk exposure.
• Industry Knowledge & Education - Previous experience in Capital Markets & Wealth Management Operations, with an understanding of Securities Lending, Repo Trading, Prime Brokerage, OTC Derivatives and Collateral Management.
• Technical Skillset - Ability to analyze and process data quickly and efficiently with a strong technical and analytical mindset. Advanced knowledge of Excel. Experience with CDS, Arrow, APEX, FEDWIRE, DTC/FICC, Broadridge/ADP.

Who you are

You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results. You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life. 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 embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best. You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do. Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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.

• competitive salary
• incentive pay
• banking benefits
• a benefits program*
• defined benefit pension plan*
• an employee share purchase plan
• a vacation offering
• wellbeing support
• MomentMakers, our social, points-based recognition program

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] CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. 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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process. 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

Job Location Toronto-81 Bay, 28th Floor Employment Type Regular Weekly Hours 37.5 Skills Business Operations, Escalation Management, Office Administration, Operations Management, Organizing, Policy Interpretation, Prioritization