Director, Prime Services Support

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

The Prime Services Support Group  provides direct day-to-day support for our Capital Markets businesses. The CIBC Capital Markets business provide 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.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

US Capital Markets, Prime Services Support Team

• Provides primary support for traders and sales/marketers in aspects of 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

• Insures proper allocation to client accounts

• Controls proper capture of trades for regulatory reporting

• Primary interface between desk 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

Key responsibilities include, but are not limited to:

Daily Trading Assistance of Securities Lending Book

Assist with the borrow and loans of  Canadian and US equities for internal partners and external clients.  Help manage the securities lending book to ensure best execution and pricing for our client franchise.

Returns Coordination

Ensure that DTC, and international returns are matched off efficiently and appropriately. Monitor and notifying desk of incoming returns on special and recalled securities, so suitable action can be taken.

Settlement Special Situations

Manage sensitive and special settlements that require high touch including: ETF and Delta One desks.

Recalls Management

Manage incoming and outgoing recall and segregation coverage

Risk Management & Reporting within Securities Lending

Work with internal technology teams (Risk Management, Technology, Operations) to improve Management Reporting for Securities Lending from both a Risk and Revenue perspective.

Collateral Optimization

Work with the front  and back office teams to ensure efficient and optimal use of collateral

Reports

Generate and distribute daily reports for clients and traders.

Reconciliations/Admin Operations

• Review and fix breaks between books/records and GlobalOne (our Sec Lending Order Management system)

• Contact and owner for cost of funds input

• Other OMS operational functions as they arise

Synthetic Prime Brokerage and Swap One Support

Who You Are

• 5 years in a Capital Markets

• Series 7 and/or 99

• Undergraduate degree preferably in Business, Banking, or Finance

• Demonstrated ability to build relationships and positive interactions with clients, front office and infrastructure teams

• Operations work experience with a focus on securities lending is a plus

• Strong verbal and written communication skills

• Familiarity with Securities Lending platforms and services (e.g. Global One, ADP, Equilend, Loanet. SwapOne) is a plus

• 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 $125,000-$150,000 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 Model

Salary : $125,000 - $150,000