Associate, Securities Lending
About The Position
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. As a Senior Analyst, Securities Lending, you will provide direct support to the Securities Lending Trading Desk. The Securities Lending Trading desk is responsible for the execution and optimization of revenue, through the lending and borrowing of securities within the equity market. As Senior Analyst, you will be responsible for all support functions such as, but not limited to, daily recalls and buy-ins, coordination on returns ensuring they are matched off efficiently and accurately, collateral optimization, substitutions and exposure management, rate changes, contract compare and rolling of term deals/evergreens. 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.
Requirements
- Exceptional attention to detail, ensuring that all client agreements and trade commitments are adhered to.
- All trading activity is fully balanced and settled by specified SLAs without errors or breaks.
- Regularly participate in research and analysis of discrepancies between internal records, custodians, and counterparties.
- Present opportunities that provide the ability to maximize profits and reduce costs for both Front Office and Back Office.
- Respond to client's inquiries and requests, providing professional high-quality customer service for the assigned portfolio to ensure client satisfaction.
- Frequent professional engagement with clients, traders, regulators, senior leaders, and other support staff.
- Liaise and manage both internal and external relationships.
- 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.
- Knowledge of major functional processes and associated operating requirements.
- Seeks efficiencies in operational functions wherever possible.
- Experience with Global One, BFS/ADP, along with other industry-leading applications, as well as settlement depositories (CDS, DTC, etc) and tri-party agent-lending platforms.
- Ability to effectively transmit, receive, and accurately interpret ideas, information and needs through the application of appropriate communication behaviors, tools and techniques.
- Communicates well downward, upward and outward.
- 3+ years of experience in relevant industry roles, with a strong understanding of capital markets and the securities lending business.
- Degree/diploma in Economics, Finance, Accounting, or another undergraduate degree.
- Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
- 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).
Nice To Haves
- Previous experience in Mid Office or Back Office support roles within securities lending.
Responsibilities
- Provide direct support to the Securities Lending Trading Desk.
- Responsible for daily recalls and buy-ins.
- Coordinate on returns ensuring they are matched off efficiently and accurately.
- Manage collateral optimization, substitutions and exposure management.
- Handle rate changes, contract compare and rolling of term deals/evergreens.
- Serve as a liaison between Front Office and Back Office Operations.
- 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.
Benefits
- Competitive total rewards package
- Medical
- Dental
- Vision
- Health Savings Account
- Life Insurance
- Disability
- Other Insurance Plans
- Paid Time Off (including Sick Leave, Parental Leave, and Vacation)
- Holidays
- 401(k)
- Other special perks reserved for our team members
- Incentive pay
- Banking benefits
- Benefits program
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
