Associate - US Trade Control

CIBC•New York, NY

1d•$130,000 - $155,000•Onsite

About The Position

The US Global Markets Fixed Income Trade Control team supports primary dealer activity, trade lifecycle events, auction processes, and related control responsibilities. This role involves executing and coordinating Primary Dealer Trade Support activities for US Fixed Income trading, ensuring accuracy, timeliness, and adherence to established controls. Key responsibilities include performing pre-auction inventory reconciliation, owning day-to-day US Treasury and Agency auction support, updating auction orders in the Federal Reserve’s TAAP system, developing standardized auction order templates, managing trade capture, allocation, and settlement, identifying and resolving trade exceptions, serving as a point of contact for various stakeholders, driving process improvements and automation, preparing reports, and participating in projects and system enhancements. The role also requires operating in line with CIBC’s compliance standards and values, supporting client account onboarding, and ensuring accurate settlement information.

Requirements

3–7 years of experience in Trade Support, Operations, Middle Office, or a related financial markets support function, including hands-on experience with Fixed Income products.
Experience with US Treasuries, Agencies, Auction processes, TAAPS, Broadridge, Bloomberg TOMS, or E-Confirm is strongly preferred.
Bachelor’s degree required.
FINRA Series 7 or 99 required or must be obtained after hire.
Demonstrates solid working knowledge of Fixed Income products, US Treasuries, Agencies, Repo, and related auction processes, with the ability to apply that knowledge to day-to-day problem solving.
Hands-on experience with trade capture, reconciliation, exception management, and order management systems.
Strong Excel skills, with reporting, process documentation, automation, or data analytics experience considered an asset.
Excellent verbal and written communication skills; able to interact effectively with all levels of the organization and external stakeholders.
Manages daily responsibilities with limited supervision, takes ownership of deliverables, follows through reliably, and works effectively with colleagues across teams to achieve shared goals.
Able to identify and resolve trade problems quickly and accurately, with a focus on continuous improvement.
Consistently acts with integrity, accountability, and a commitment to CIBC’s values—trust, teamwork, and service.

Nice To Haves

Experience with US Treasuries, Agencies, Auction processes, TAAPS, Broadridge, Bloomberg TOMS, or E-Confirm is strongly preferred.
Reporting, process documentation, automation, or data analytics experience considered an asset.

Responsibilities

Execute and coordinate Primary Dealer Trade Support activities for US Fixed Income trading, ensuring work is completed accurately, on time, and in accordance with established controls.
Perform pre-auction inventory reconciliation for US Treasuries and Agencies, validating firm positions, investigating discrepancies, and driving them to resolution.
Own day-to-day US Treasury and Agency auction support, including order preparation, submission, and post-auction reconciliation.
Update and maintain firm and client auction orders in the Federal Reserve’s TAAP system, ensuring accuracy, completeness, and timeliness.
Develop and refine standardized auction order templates to streamline order entry and reduce operational risk for both firm and client submissions.
Manage trade capture, allocation, and settlement processes, ensuring trades are properly booked and fed to downstream systems.
Identify and resolve trade exceptions and reconciliation breaks between internal systems and external platforms, including Broadridge and Bloomberg TOMS.
Serve as a day-to-day point of contact for front office, operations, technology, and external market utilities, resolving routine issues independently and escalating complex matters as appropriate.
Drive process improvements and automation initiatives by identifying gaps, documenting requirements, and implementing enhancements that improve efficiency and reduce operational risk.
Prepare and distribute operational and management reports related to trade support and auction activities.
Participate in projects and system enhancements related to trade support, auction processes, and regulatory change.
Operate in line with CIBC’s compliance standards and values, contributing to a strong control environment and continuous improvement.
Support the onboarding and ongoing maintenance of client accounts and ensure accurate settlement information is provided.
Reconcile awarded securities and allocations after auctions, ensuring prompt and accurate booking.
Maintain a strong understanding of desk-related technologies and support system integration and process improvement efforts.
Investigate and resolve regulatory-related matters and operational issues, escalating complex items as appropriate.

Benefits

Competitive total rewards package
Expected salary range of $130,000–$155,000 for the New York, NY market
Potential eligibility for incentive compensation plan, including discretionary bonus
Medical, dental, vision, health savings account, life insurance, disability and other insurance plans
Paid time off (including sick leave, parental leave, and vacation)
Holidays
401(k)
Other special perks
Competitive salary
Incentive pay
Banking benefits
Benefits program
Vacation offering
Wellbeing support
MomentMakers, our social, points-based recognition program