Associate, Trade Control

CIBC; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

CIBC is seeking an associate in Trade Control to support Global Markets trading and sales teams in Singapore. The role involves acting as a liaison between front office and downstream teams, managing trade and system-related issues, onboarding new platforms, and partnering with technology for automations.

The ideal candidate has a quantitative degree and at least 4 years in financial services, with strong Excel and communication skills and experience with major market systems.

Qualifications

• Undergraduate degree in Mathematics, Economics, Finance, Commerce or Accounting.
• Minimum of 4 years of experience in Financial Services or relevant experience.

Responsibilities

• Collaborate with internal departments, traders, and marketers for trade control matters.
• Verify all trade details against blotters, broker confirms, external platforms, and trader files.
• Run daily trade control reports as part of control processes.
• Reconcile trades between internal and external systems.
• Maintain a strong knowledge of business products and stakeholders’ needs.
• Work in a fast-paced environment with timely responses to trading floor requests.
• Organize daily control records for audit purposes.

Skills

Analytical thinking

Excel

Communication

Teamwork

Detail-oriented

Process improvements

Relationship management

Education

Bachelor's degree in Mathematics, Economics, Finance, Commerce, or Accounting

Tools

MarkitWire

Bloomberg

Wall Street

ADP

CTM

DTC

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

STRATEGIC BUSINESS UNIT DESCRIPTION

The Trade Control group provides control services to CIBC’s businesses through effective governance and control processes for all Derivatives, Fixed Income, and Cash Equity products in the North America, UK/EU, and Asia regions. Individuals are required to monitor and verify trade flows through various source systems in a timely and precise manner in order to ensure accuracy for downstream stakeholders as per Trade Control Policies & Procedures.

JOB PURPOSE

As an associate within Trade Control, you will be accountable for providing day-to-day support to Global Markets Trading and Sales teams. The role will act as a liaison between the front office and downstream teams to ensure all trade related issues are addressed and resolved. This may consist of managing trade & system related issues, onboarding new systems & platforms, and working with technology teams to implement new automations.

We are seeking a dynamic experienced individual to help with our expansion in Singapore. This individual will also be expect to help support the Asia Pacific region and work closely with our Trade control teams in Hong Kong, London and Toronto. You must also be able to work independently in a fast paced environment and be confident dealing with clients and internal stakeholders.

KEY ACCOUNTABILITIES

• Collaboration – You’ll represent Trade Control and will be the primary point of contact for all internal departments, traders, and marketers for all trade control related matters. You will collaborate with senior leadership to identify business needs and create tailored solutions to support change initiatives.

• Trade Verification - Verify all trade details against blotters, broker confirms, external trading platforms, trade tickets and trader’s files, in accordance with accepted daily control procedures designed to detect errors and omissions in trade capture.

• Reporting - Running daily reports associated with the Trade Control group as part of the groups control processes.

• Reconciliation - Reconcile trades between internal and external systems.

• Business Acumen - Must maintain a high level of knowledge of business products while partnering with peers to deliver timely results for numerous stakeholders.

• Fast Paced - Work within a challenging, fast paced environment where time pressures demand a rapid response to requests from the trading floor. Work in a dynamic team environment where sharing of skills and knowledge is critical.

• Record keeping - Organized approach to record keeping of daily controls for audit purposes.

KNOWLEDGE AND SKILLS

• You have undergraduate university degree in Mathematics, Economics, Finance, Commerce, or Accounting.

• You have minimum of 4 years of experience working in Financial Services or relevant experience. Prior experience working with derivatives fixed income, cash equity products. Knowledge in structured notes would be an asset in this role along with operational and settlement practices of bonds, repos, stocks, swaps, options, futures, and foreign exchange.

• You have the technical knowledge. You have intermediate Excel skills, and can reconcile large datasets from different sources. Experience working with MarkitWire, Bloomberg, Wall Street, ADP, CTM, DTC is an asset

• You’re motivated by collective success. You have a strong understanding of the division of major departments in a bank and the flow of information. You have a sense of urgency when responding to queries regarding trade details and discrepancies.

• Your influence makes a difference. You’re a strong communicator and can easily communicate with the back office, investigations officers, traders, marketers and middle office with regards to trade bookings and amendments.

• You know that details matter. You notice things others don’t. Your critical thinking and analytical skills help inform your decision making. You take initiative while responding to non-routine queries and deliver results.

• You are passionate about people. Effective interpersonal skills, including good teamwork and relationship building.

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

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

Job Location

One Raffles Place Twr 2 #12-61

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Effectiveness, Client Service, Communication, Detail-Oriented, Process Improvements, Relationship Management, Teamwork