Associate, Product Control

CIBC US; New York (NY); On-site; USD 105,000 - 125,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Health Savings Account

Life Insurance

Disability

Other Insurance Plans

Paid Time Off

Holidays and 401(k)

Other special perks

Job summary

CIBC is seeking an Associate, Product Control in New York to support the US Finance team. You will produce Daily P&L reports for Capital Markets and Treasury, reconcile results, and ensure IFRS and US GAAP compliance.

You will collaborate with Front Office, Risk, Technology and other groups to drive process improvements and onboarding of new products. The role requires 3–5 years of relevant experience and a strong foundation in accounting, with advanced Excel, Alteryx and Power BI skills.

Qualifications

• Undergraduate degree in Economics, Finance or Accounting with 3–5 years of experience.
• Strong accounting knowledge and ability to ensure regulatory compliance.
• Experience with Capital Markets and Treasury products is essential.

Responsibilities

• Prepare Daily P&L reports for Capital Markets and Treasury businesses.
• Reconcile P&L with actual results for period-end reporting.
• Review IPV results and manage sign-off with stakeholders.
• Ensure IFRS and US GAAP compliance in financial reporting.
• Identify and implement process improvements and automation.
• Collaborate cross-functionally with Front Office, Risk, Technology, and Finance.

Skills

Accounting

GAAP

IFRS

Capital Markets

Finance

Revenue

Balance Sheets

End Reporting

Management Reporting

Analytical Thinking

Cross-Functional Teamwork

Product Controlling

Education

Bachelor's degree in Economics, Finance, or Accounting

Tools

Microsoft Excel

Alteryx

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.

Job Purpose Reporting to the Executive Director, the Associate, Product Control will contribute to the US Finance team by collaborating with Finance and Wholesale Bank personnel, as well as partnering with other infrastructure groups on various initiatives, including global projects. This role will provide analytical and initiative support to the Wholesale Bank and Treasury businesses in the US.

How You’ll Succeed

• Produce Daily P&L Reports: Ensure accuracy of Daily P&L reports for Capital Markets and Treasury businesses, including analysis of revenue and fluctuations.
• Month-End Reconciliation: Reconcile Daily P&L with actual results and ensure completeness and accuracy of month-end and quarter-end reporting.
• Independent Price Verification (IPV): Review and communicate IPV results to stakeholders and manage the sign-off process.
• Accounting Compliance: Ensure reporting is in line with IFRS and US GAAP; reconcile balance sheets and income statements, and resolve outstanding issues.
• Process Improvements: Continuously seek opportunities to automate and improve processes; maintain and update procedures and documentation.
• Cross-Functional Collaboration: Work with Front Office, Risk, Technology, and other teams to resolve issues and contribute to new product onboarding and strategic initiatives.

Who You Are

• Educational Background: Undergraduate degree in Economics, Finance, or Accounting, complemented by 3-5 years of relevant business experience.
• Accounting Expertise: Strong understanding of accounting principles, particularly IFRS and US GAAP, with the ability to ensure compliance in financial reporting and reconciliation processes.
• Capital Markets and Treasury Products: In-depth experience with a broad range of Capital Markets products, including but not limited to Fixed Income, Margin Lending, Securities Lending, Options, Futures, and Derivatives. Familiarity with Treasury operations and financial instruments is essential.
• Analytical Skills: Ability to analyze complex financial data and assess the implications on accounting and reporting, ensuring accuracy and integrity in financial statements.
• Multi-Perspective Analysis: Capacity to view issues from various perspectives (Line of Business, Legal Entity, Product, Source System, etc.) to provide comprehensive insights and solutions.
• Organizational Skills: Well-developed organizational and prioritization skills to effectively manage multiple tasks and projects in a fast-paced, dynamic environment.
• Interpersonal and Communication Skills: Strong interpersonal, communication, and influencing skills to develop and maintain productive working relationships with stakeholders across Front Office, Risk Management, Technology, and Finance.
• Team Player: Self-motivated team player with a flexible approach to problem-solving and a commitment to achieving team objectives.
• Leadership Qualities: Strong leadership skills are advantageous, with the ability to guide and mentor junior team members.
• Responsibility and Pressure Management: Ability to accept responsibility and work effectively under pressure to meet tight deadlines.
• Control Orientation: Detail-oriented with a thorough and analytical approach to financial processes and controls.
• Technical Proficiency: Advanced proficiency in Microsoft Excel, along with experience in automation tools such as Alteryx and Power BI. Ability to work with and manipulate large datasets from multiple sources, leveraging these tools to enhance reporting and analysis efficiency.

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At CIBC, we offer a competitive total rewards package.

This role has an expected salary range of $105,000 - $125,000 for the market based on experience, qualifications, and location of the position.

The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.

CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidaysand 401(k), in addition to other special perks reserved for our team members.

• Medical
• Dental
• Vision
• Health Savings Account
• Life Insurance
• Disability
• Other Insurance Plans
• Paid Time Off (including Sick Leave, Parental Leave and Vacation)
• Holidaysand 401(k)
• Other special perks

This position does not offer visa sponsorship.

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*, 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, 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 NY-New York, 300 Madison Ave Fl 6

Employment Type Regular

Weekly Hours 40

Skills

• Accounting
• Accounting Policies
• Accounting Processes
• Analytical Thinking
• Balance Sheet Account Reconciliations
• Balance Sheets
• Capital Markets
• Cross-Functional Teamwork
• End Reporting
• Finance
• Financial Reporting and Analysis
• Generally Accepted Accounting Principles (GAAP)
• Group Problem Solving
• Income Statements
• Management Reporting
• Product Controlling
• Revenue
• Taking Initiative

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.