Associate I, Prime Services Support

CIBC•Toronto, ON

8d•Hybrid

About The Position

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 Electronic Trading business delivers high-touch and low-touch execution capabilities across global markets, providing institutional clients with efficient market access, algorithmic trading solutions, and seamless connectivity supported by strong risk management and operational oversight. And 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. As an Associate I Prime Service Support you will complete various tasks such trade ticketing and allocations, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing, assist with new business/new product initiatives, while also liaising closely with front office and the trading desk. In addition, you will serve as a liaison between Front Office and the Back Office, 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. Technical knowledge in Python, SQL, VBA, etc. is required for success in this role and the business. Product knowledge in Cash Prime and Synthetic Prime, linear and non-linear trading is preferred.

Requirements

Technical knowledge in Python, SQL, VBA, etc. is required
Attention to detail & Analytical skills
Mandatory knowledge in terms of the products (cash and synthetic, both linear and non-linear) that are traded within the Prime business and associated risks both, market and operational
Knowledge of approaches, tools, techniques for recognizing, anticipating and resolving organizational, operational or process problems
Identifies and documents specific problems, and alternative resolutions
Use tools such as Python, Structured Query Language (SQL), Visual Basic for Applications (VBA), and Excel to automate tasks, enhance reporting, support data analysis, and strengthen business processes
Strong Technical skills, Python, SQL, VBA, Excel, etc. are a must
Product and risk awareness
Knowledge of major functional processes and associated operating requirements
2+ years of experience in relevant industry roles
Showing understanding of trade execution/processing, reconciliations, interest calculations, Pricing and NAV calculations, Risk, etc.
A strong understanding of capital markets and familiarity with brokerage and clearing house regulations is beneficial
Previous experience in Capital Markets roles is an asset with familiarity of margin rules (IM, VM, UMR, Market Risk, Collateral), brokerage finance, equity finance, & linear and non-linear derivatives
Knowledge in Python, SQL, VBA, etc. and project management lifecycle
Confident in your ability to communicate detailed information in an impactful way
You build relationships with colleagues, stakeholders, and clients alike. Through trust, honesty, respect and authenticity.
You engage with purpose to find the right solutions
You notice things that others don't
Your critical thinking skills help to inform your decision making
You'll continuously evolve your thinking and the way you work in order to deliver your best
At least an undergraduate degree in Economics, Finance, Accounting, Business Administration, or another related undergraduate degree
You bring your real self to work and you live our values - trust, teamwork, and accountability

Nice To Haves

Product knowledge in Cash Prime and Synthetic Prime, linear and non-linear trading is preferred
Experience with Markit Cash One, Swap One, Broadridge/ADP, along with other industry-leading applications preferred
CFA, FRM, CSC, CPH, Options License, Futures License are assets

Responsibilities

Complete various tasks such trade ticketing and allocations, security master maintenance, price maintenance, trade corrections, monthly fees calculation and processing
Assist with new business/new product initiatives
Liaise closely with front office and the trading desk
Serve as a liaison between Front Office and the Back Office, helping troubleshoot and resolve outstanding issues
Provide internal reporting
Proactively analyze and recommend enhancements to existing business processes
Clearly communicate rationale and negotiate solutions which will enhance operational effectiveness
Manage distribution of daily client reports, ensuring timely delivery
Assist in presenting analytical reports to senior management and clients
Reconciliation of the Prime Brokerage Platform and ADP
Trade entry, trade ticketing and allocation
Security master maintenance
Price maintenance
Trade corrections
Monthly fees calculation and processing
Automate tasks, enhance reporting, support data analysis, and strengthen business processes using tools such as Python, Structured Query Language (SQL), Visual Basic for Applications (VBA), and Excel
Apply and continue building knowledge of cash prime and synthetic prime products, including linear and non-linear instruments, as well as the related market, operational, margin, collateral, and settlement risks across the end-to-end trade lifecycle
Seek efficiencies in operational functions wherever possible

Benefits

competitive salary
incentive pay
banking benefits
a benefits program
defined benefit pension plan
an employee share purchase plan
a vacation offering
wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development