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

US Global Markets, Fixed Income, Trade Control team

Provides primary support for traders and sales/marketers in aspects of the trade booking and position reconciliation process.

Monitors new orders during the trading day to ensure all executions for client orders are received from market/brokers and booked properly in CIBC’s trade capture to feed downstream systems

Ensures proper allocation of trades to client sub-accounts

Controls proper capture of trades for risk and regulatory reporting

Primary interface between front office desks and downstream support teams

Maintains a strong understanding of internal and third party desk-related technologies and may be called on to assist others in the use of the same systems

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 2-3 days per week on-site, while other days will be remote.

This role will take place on an open concept, fast-paced trade floor, which can at  times be an active, high-stress environment. In order to best meet the needs of our clients, early start times (e.g. 6:30am) may be required.

How You’ll Succeed

1. Exception Processing and Reporting: On a daily basis all accounts should be reviewed, appropriate positions flattened or allocated as necessary. Responsible for keeping appropriate levels of management aware of potential exposures or errors.

2. Client Post-Trade Communication: Trade Control is responsible for follow up with clients to resolve any discrepancies in trade details and to help ensure trade settlement.  Where a trade is failing to settle, Trade Control team will liaise with the client contacts, the sales desk and back office operations to resolve the fail.

3. Reconciliations:  Errors may occur in booking between internal systems (front to back office, including between legal entities) and/or with external settlement systems (e.g. Broadridge ADP).

4. Preparation of new account forms: As part of the allocation of trades, accounts and sub-accounts are required to be set up in our books of record. This entails providing details of account and settlement information to the Broadridge operations team.

Major Activities:

Receive reconciliation reports and take action to correct daily exceptions or errors; investigate and resolve reconciliation breaks between internal companies

Resolution of trade reconciliation exceptions between front office systems on a daily basis

Monitor all inventories (institutional) to ensure positions are booked correctly

Monitor automated client allocations and break-down trades per manual client allocations

Monitor unmatched trader and sales tickets during the day to ensure timely regulatory reporting; ensure accurate capture and feed of trades for required regulatory reporting

Communication throughout the day with clients, focused on a range of items (allocations, trade discrepancies, failed trades (i.e. commissions, price))

Assist back office as client liaison to help resolve settlement breaks

Participate in projects as requested

Organize and maintain files/tickets, logs and records to ensure any historical investigation is possible

Onboard clients to the e-Confirm system and act as ongoing client point of contact for same

Who You Are

Hold a Series 7, 63, 99

Undergraduate degree required, preferably in Banking / Business / Finance

Strong understanding of fixed income products (domestic and international) and their respective trading lifecycle

Working knowledge of, and/or exposure to trading execution, settlement processes and related systems; strong understanding of trade ticketing process a plus

Some back office experience a plus.

Experience with Bloomberg TOMS, E-Trading and other industry fixed income platforms recommended

Experience in or strong understanding of financing/borrow/lending business and processes recommended

Experience interfacing with Broadridge (Operations) a plus

Excellent PC skills

Ability to work well under pressure, prioritize tasks and meet tight deadlines

Ability to identify and analyze trade problems, and react effectively in a timely manner to remediate identified issues

Strong verbal, written and interpersonal skills - this position will interact with individuals from many areas of the firm and requires diplomacy and a strong sense of judgment

Detail oriented, Analytical/systematic thinker

Self-motivated

Service focused

Ability to quickly grasp new industry practices and create/document new processes.

Proactive thought leadership to identify and deliver process improvements and efficiencies.

Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

At CIBC, we offer a competitive total rewards package.  This role has an expected salary range of $110,000 - $130,000 for the New York, NY 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 also may 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), Holidays, and 401(k), in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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 Mailbox.careers-carrieres@cibc.com

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-300 Madison Ave., 5th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Business Effectiveness, Business Processes, Critical Thinking, Customer Experience (CX), Customer Service, Leadership, Long Term Planning, Proposal Writing, Strategic Objectives, Waterfall Project Management