Consultant, OTC Derivatives Documentation

CIBC•Toronto, ON

1d•Hybrid

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. You’ll be joining CIBC’s Capital Markets, OTC Derivatives Operations. Reporting to the Director, OTC Derivatives Documentation Group of CIBC Capital Markets Operations. As a Consultant, you will play a key role in supporting the daily activities of OTC Confirmations and Mark-to-Market Client Statements across a comprehensive range of derivative products, including Equities, Interest Rates, Commodities, and FX Options. This position demands an analytical professional with expertise in derivatives, quantitative finance, and a commitment to operational excellence. You will interpret, analyze, and resolve complex issues and disputes, collaborating with stakeholders such as Front Office, Legal, and Technology teams. If you have a passion for derivatives and a proven ability to drive change, we invite you to join our team and make a meaningful impact. At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

Attention to Details in Managing Multiple Priorities
Strong organizational skills and adaptability
Expertise in OTC Derivatives
Advanced knowledge of OTC derivative structures including complex and exotic products
Experience with ISDA Derivatives Definitions and their applicability to OTC derivatives
Analytical and Quantitative Knowledge
Strong mathematical skill to analyze and interpret the algorithms and equations that govern option payoffs and cash settlements
Familiarity with industry-standard pricing models and the ability to dissect and explain payoff structures
Technical Proficiency
Proficiency in VBA, Power Automate, Tableau, Power BI, and advanced Excel
A degree/diploma in Finance, Mathematics, Business and/or a related field
Previous contribution in an operations role directly supporting clients and involving agile methodology projects and solutions
Legally eligible to work at the location(s) specified and, where applicable, must have a valid work or study permit.

Nice To Haves

Bring a creative mindset to exploring and piloting artificial intelligence solutions

Responsibilities

Play a key role in supporting the daily activities of OTC Confirmations and Mark-to-Market Client Statements across a comprehensive range of derivative products, including Equities, Interest Rates, Commodities, and FX Options.
Interpret, analyze, and resolve complex issues and disputes, collaborating with stakeholders such as Front Office, Legal, and Technology teams.
Develop, review and match ISDA trade confirmations for a diverse range of OTC derivatives with a high degree of attention to detail.
Apply advanced skills to review Mark-to-Market valuations across asset classes, working with internal teams to verify pricing, understand models, and ensure data accuracy.
Assess our booking model features, price sensitivities and reconcile booking system data with legal documentation, ensuring valuations are accurate and defensible.
Utilize advanced analytical techniques and automation tools to synthesize and interpret large datasets from multiple sources.
Explore and pilot artificial intelligence solutions, contributing to the ongoing transformation and adoption of AI-driven processes within our operations.