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

CIBC

Verified Company

Toronto, Canada

2 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

Job Description:

What You'll Be Doing

A division of CIBC Equity Markets' Prime Services Group, CIBC Brokerage Services provides bespoke financing and clearing solutions to Canadian and international clients.

This group provides integrated capital markets products, investment banking advisory services, corporate lending and top-ranked research to corporate, government and institutional clients around the world.

Our goal is to be the leading Capital Markets franchise in Canada and the lead relationship bank for key clients globally.

Our Prime Brokerage business delivers a suite of wholesale financing solutions and services to hedge fund and broker-dealer clients to meet the regulatory and risk-based leverage needs of today's most sophisticated institutional investors across multiple asset classes.

Our Clearing Services business offers outsourcing solutions to broker dealers in cash and derivatives markets, including custody, clearing, books and records and financing of settlements and positions.

This middle office role will complete various tasks such as end of day trade ticketing, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing, while also liaising closely with front office and the trading desk.

In addition, you will serve as a liaison between Front Office and Back Office Operations, helping troubleshoot and resolve outstanding issues, and provide internal reporting.

The incumbent will proactively analyze and recommend enhancements to existing business processes, clearly communicate rationale and negotiate solutions which will enhance operational effectiveness.

How You'll Succeed- Attention to detail & Analytical skills - You will manage distribution of daily client reports, ensuring timely delivery, and will also assist in presenting analytical reports to senior management.

Daily tasks also include reconciliation of Prime Brokerage Platform and ADP, as well as general processing tasks such as end of day trade ticketing, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing.- Relationship-Building: Required to respond to client's inquiries and requests, providing professional high-quality customer service for the assigned portfolio to ensure client satisfaction.

The incumbent will have frequent professional engagement with clients, traders, regulators, senior leaders and other support staff.

You will be required to liaise and manage both internal and external relationships.- Problem-Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating and resolving organizational, operational or process problems.

Identifies and documents specific problems, and alternative resolutions. Strong Technical skills, SQL, VBA, Excel, etc.

preferred-Who You Are- You can demonstrate experience 3+ years of experience in relevant industry roles, with a strong understanding of capital markets and familiarity with brokerage and clearing house regulations.

It's an asset if you have previous experience in Mid Office or Back Office support roles within brokerage operations. Familiarity of margin rules, brokerage finance and equity finance also an asset.- 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 health benefits