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 (https://www.cibc.com/en/about-cibc.html)What You’ll Be DoingThe US Business Management group provides direct day-to-day support for CIBC’s US Global Markets business; primarily, Capital Markets and Investment Banking. The group’s role is to assist in achieving the mandate to be a premier client-focused global bank. The Business Management group serves as the primary liaison between the Front Office Trading/Sales desks and their internal and external vendors, brokers and suppliers. Our group supports the US Trade Floor businesses with revenue generating initiatives and internal projects in an effort to drive and sustain profitability. US Business Management also strives to ensure a sound control environment and provides sound advice in support of business strategy.This role will be the lead Business Manager for multiple Trading Product areas with a focus on our Prime Brokerage business.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
Prioritize, direct and implement assignments / projects / initiatives, and resolve issues to ensure Trading and Sales staff can focus on the specialized roles for which they have been employed.
Manage and drive product and desk expansions in support of US strategic growth plans; coordinate and draft project plans and business requirements for new initiatives while ensuring compliance with CIBC’s Change Initiative Risk Assessment (CIRA) process.
Be responsive and accessible to the business throughout the day; be proactive in response to information requests and promptly resolve any day-to-day service or business related issues.
Build and maintain working relationships with stakeholders across the different businesses our team supports (Equity Markets, Commodities, Fixed Income, Treasury, etc), including up to Senior Management levels.
Partner with cross-functional groups (Middle Office, Finance, Operations, Human Resources, Technology, Compliance, Legal, and Internal Audit) to resolve issues, improve efficiencies, promote business objectives, and execute positive results; help identify and escalate issues/risks/dependencies and facilitate communication across teams.
Coordinate and contribute to responses of various internal and external auditor / regulator requests, findings and reports; remain apprised of the ever changing and applicable regulations and laws; ensure regulatory requirements and CIBC policies are understood, implemented and monitored successfully.
Manage an effective and documented internal control structure is, as evidenced through updates and maintenance of desk policies and procedures as well as adherence to, and successful testing of, internal controls and logical access reviews; maintain, support and enhance the information risk policies, standards, guidelines, processes and metrics.
Manage and analyze Financials on behalf of the US Trade Floor; coordinate with Business Management partners in Toronto to produce revenue, expense, and headcount budgets, including updating forecasts and latest estimates throughout the fiscal year. Review and control operating and allocated expenses to identify and recommend opportunities for cost reduction. Provide accurate and detailed financial reports to desk heads and management on a periodic basis.
Support and organize technology infrastructure initiatives for the U.S. Trade Floor, which include, but are not limited to the following: trade floor moves, voice (turret) / communication, network, new user set-up, new infrastructure technology initiatives, application initiatives, hardware and market data. Focus on maximizing efficiencies and minimizing costs.
Liaise with external vendors and third party providers to coordinate market data services, execution platforms, broker contracts, etc.; coordinate with technology, legal, compliance, and other CIBC stakeholders to ensure approval and/or on-boarding of such is acceptable to CIBC.
Who You Are
5–10 years of demonstrated experience as a Business or Front Office Project Manager.
Subject matter expertise in Prime Brokerage including Securities Lending, Synthetic PB and Cash PB
Highly motivated, self-starter; able to work in a fast paced, results driven environment, with limited management oversight.
Ability to manage multiple projects and daily tasks concurrently
Has experience leading projects with multiple infrastructure team stakeholders including Compliance, Legal, Risk, IT, Operations and Finance.
Ability to articulate complex issues concisely and communicate effective and comfortably with senior people; excellent relationship building and stakeholder management skills.
Strategic thinker, with proven leadership.
Strong interpersonal, written, verbal and presentation skills.
Ability to execute tasks under aggressive targets and effectively manage to change in plan.
Strong knowledge of Microsoft applications (i.e., Microsoft Office, including PowerPoint, Excel, Visio, and Essbase);
Previous COO or front office project management experience required.
Series 7, 63, 24 are a plus .
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of USD$180,000-230,000 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 OffersAt 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 conditionsWhat 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 LocationNY-300 Madison Ave., 8th FloorEmployment TypeRegularWeekly Hours40SkillsAnalytical Thinking, Business Effectiveness, Business Growth, Business Objectives, Communication, Customer Experience (CX), Detail-Oriented, Leadership, People ManagementAt CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
