Specialist, Operations Management

CIBC; Toronto; On-site; CAD 70,000 - 100,000; 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 program

Job summary

CIBC is seeking a specialist to support NY Repos and Collateral Management in Toronto. You will manage collateral, exposure covering, and securities lending activities across global desks, coordinating with counterparties and clients to ensure timely settlements.

You will apply strong analytical skills, attention to detail, and a continuous improvement mindset to optimize processes and maintain high standards in a fast-paced environment.

Qualifications

• Attention to detail with strong analytical skills to ensure trades are collateralized and balanced by SLAs.
• Discrepancy research between internal records, custodians, and counterparties.
• Continuous process improvement to boost efficiency and alignment with partners.
• Ability to work under pressure across multiple daily settlement deadlines in international jurisdictions.
• Industry knowledge of Capital Markets & Wealth Management Operations.
• Strong technical mindset with experience in Excel and related tools.

Responsibilities

• Participate in collateral management activities including covering of exposures, borrowing and pledging securities, margin calls, settlements and corporate actions.
• Serve as SME for related processes and coordinate daily with counterparties and lenders.
• Engage with clients, traders, regulators, senior leaders and support staff as needed.

Skills

Analytical Thinking

Business Operations

Customer Service

Operations Management

Prioritization

Quality Assurance

Technical Knowledge

Tools

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. You live your values. You bring high standards, genuine care to your relationships, and want to grow with an employer that shares your values and brings out your best.

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:

• competitive salary
• incentive pay
• banking benefits
• benefits program*
• defined benefit pension plan*
• employee share purchase plan
• vacation offering
• wellbeing support
• 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]

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

Toronto-141 Bay, 21st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

• Analytical Thinking
• Business Operations
• Customer Service
• Operations Management
• Prioritization
• Quality Assurance (QA)
• Technical Knowledge

Other Details

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 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.