What are the responsibilities and job description for the Portfolio Oversight Officer position at CIBC?
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.
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What you’ll be doing
As a Portfolio Oversight Officer, you’ll play a critical role in executing and maintaining the firm’s portfolio oversight program. This program ensures consistent adherence to key risk controls and procedures, with periodic reporting presented to the firm’s Investment Oversight Committees. You’ll support the Director of Portfolio Oversight in day-to-day program execution, investment review processes, and compliance monitoring while contributing to process enhancements that strengthen oversight and control.
How you’ll succeed
As a Portfolio Oversight Officer, you’ll play a critical role in executing and maintaining the firm’s portfolio oversight program. This program ensures consistent adherence to key risk controls and procedures, with periodic reporting presented to the firm’s Investment Oversight Committees. You’ll support the Director of Portfolio Oversight in day-to-day program execution, investment review processes, and compliance monitoring while contributing to process enhancements that strengthen oversight and control.
How you’ll succeed
- Execute investment oversight processes: Administer the firm’s Regulation 9 review process, identifying and reporting investment review exceptions such as asset allocation drift, asset concentrations, and non-approved holdings.
- Ensure regulatory compliance: Manage the firm’s pre-trade compliance review process, implementing and maintaining client and firm pre-trade compliance rules, including regulatory requirements.
- Support relationship managers: Provide training and guidance on investment reviews, prepare oversight reporting, and ensure investment review deadlines are met.
- Monitor investment portfolios: Oversee the firm’s separately managed and wrap program equity portfolios, ensuring alignment with investment policy statements and committee decisions.
- Enhance control processes: Contribute to process improvements that expand monitoring routines and strengthen the firm’s risk management environment.
- Collaborate across teams: Work with senior leadership, Relationship Managers, Operations, Compliance, Portfolio Managers, and Traders to align oversight functions with investment objectives.
- Support special projects: Participate in cross-functional initiatives and perform other duties as assigned.
Who you are
- Educational background: You have a bachelor’s degree in finance or another business-related field.
- Experienced in investment oversight: You have proven experience in investment management, risk assessment, and compliance within Wealth Management.
- Knowledgeable in regulations and investment operations: You understand investment products, Regulation 9, 40 Act requirements, and compliance best practices.
- Analytical and detail-oriented: You have strong analytical skills to evaluate investment and trading processes with precision.
- Effective communicator and leader: You can interact with diverse stakeholders, including senior leadership, Relationship Managers, and cross-functional teams.
- Organized and proactive: You excel in prioritization, follow-up, and meeting deadlines in a fast-paced environment.
- Tech-savvy: You have experience with Wealth Management applications such as SEI, Charles River, and FactSet.
- Team player: You thrive in a collaborative team environment and contribute to firm-wide investment initiatives.
- Flexible and adaptable: Willingness to travel occasionally as needed.
What success looks like
- Efficient and accurate execution of the Regulation 9 review process and pre-trade compliance monitoring.
- Effective reporting and outreach to Relationship Managers, ensuring timely completion of investment reviews.
- Strengthened risk controls and oversight routines that align with the firm’s investment policies.
- Collaboration with senior leadership and internal teams to enhance portfolio oversight initiatives.
- Successful participation in process improvement projects and expansion of the firm’s investment oversight capabilities.
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 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
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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000 - 135,000 for the New York, New York 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 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 during the application or interview process, please contactMailbox.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.
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 contactMailbox.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., 7th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Client Service, Customer Experience (CX), Investment Services, Long Term Planning, Personal Initiative, Product Technical Support, Stakeholder Relationship Management, Work CollaborativelySalary : $120,000 - $135,000
