Associate I, Prime Services Support - Toronto, Canada - CIBC

CIBC

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

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

What You'll Be Doing

Some of the activities you'll perform will include but not limited to:

Identifying opportunities to continuously improve straight through processing, collaborate with technology teams to implementation improvements and operational efficiencies.
Provide guidance on upcoming regulatory changes which may impact SPB or D
Process daily borrows and returns for Sec. Lending via G1 and Broadridge
Provides primary support for traders and sales/marketers in aspects of trade booking and position reconciliation process.
Monitor 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
Insure proper allocation to client accounts
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 13 days per week onsite, while other days will be remote._

How You'll Succeed

Product knowledge: swaps/CFD, cash equities & other listed & OTC derivative. Experience in equities and Prime Brokerage. Excellent understanding of European and UK settlement.
Attention to detail & Analytical skills: Provide oversight of the hedge settlements, ensuring issues are resolved or escalated in a timely manner. Agree swap cash flows with clients and resolve discrepancies.
Operational Functions: Manage Traiana allocations and post trade reconciliations for SPB clients. Provide operational client service to SPB clients. Ensure done with and give up swaps are booked in a timely manner.
Effective Communication: Assist in corporate event queries and have a full understanding of the life cycle of a trade. Responsible for the CBOE ETR flow ensuring bookings are reconciled and margin is covered

Who You Are

You can demonstrate experience 2+ years of experience in relevant industry roles. Showing understanding of trade processing, reconciliations, interest calculations, NAV calculations, data file handling, etc. A strong understanding of capital markets and familiarity with brokerage and clearing house regulations is beneficial. Previous experience in Mid Office or Back Office support roles within brokerage operations is an asset with familiarity of margin rules, brokerage finance and equity finance.
You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
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 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 give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
You have a degree/diploma in Economics, Finance, Accounting, or another undergraduate degree. Canadian Securities Course, CPH, Options License, Futures License are assets.

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.- 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 knowYou 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

Toronto-161 Bay St., 5th

Employment Type

Regular

Weekly Hours

37.5

Skills:

B