Director, Capital Markets Accounting

CIBC • Toronto, ON

2d • Hybrid

About The Position

Capital Markets Controllership is a key function within the Finance organization that ensures accurate and timely financial reporting, regulatory compliance, and effective internal controls related to capital markets activities. It supports prudent risk management, ensures alignment with accounting standards, oversight on valuation, profit-and-loss results, and balance sheet integrity for Capital Markets books. This role provides accounting expertise for several Capital Markets businesses and offers valuable advice to stakeholders across the Bank. This is a high-profile role reporting to the Capital Markets Controller. It leads a large team of finance professionals to drive best in class accounting support, collaborate with stakeholders across the bank to resolve complex issues, and enable process transformation through strategic enhancements. This role collaborates with business partners, Controllership, CFO groups, and teams across the bank. You will have exposure to multiple finance and business executive teams. You will embody the CIBC One Finance Vision and Guiding Principles. 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

• Experience in concepts and processes for the accounting of financial instruments including fixed income, derivatives, repo/reverse repos, and other loans products.
• Strong Capital Markets accounting background which you leverage to perform oversight over accounting functions and ensure the design & operating effectiveness of financial controls.
• Strong knowledge of IFRS and Financial Reporting requirements for Financial Instruments.
• Experience working with alternative investments such as direct private investments and/or direct fund investments.
• Certified professional.
• Current accreditation and in good standing with CPA or a CFA charter-holder with relevant work experience.
• Critical, analytical thinking skills, and sound judgement help inform your decision making.
• Embrace and champion change.
• Continuously evolve your thinking and the way you work to deliver your best.
• Enjoy investigating complex problems and making sense of information.
• Confident in your ability to communicate detailed information in an impactful way.
• Values matter to you.
• Bring your real self to work, and you live our values – trust, teamwork and accountability.

Nice To Haves

• Public accounting firm experience.

Responsibilities

• Provide accurate, complete, and timely input to the reporting groups.
• Provide accounts attestation and ensure all balance sheet accounts are substantiated.
• Inspire adherence to timing in Service Level Agreements, and liaise with various teams including Accounting Policy, Reporting, Valuation, Product Control, and CFO groups to ensure services are delivered.
• Maintain agile accounting processes and controls to ensure timeliness and accuracy.
• Ensure changes in accounting policies/requirements are implemented in a controlled manner.
• Work with Chief Accountant’s Group to ensure policy as mandated and agreed with other governance partners to ensure CIBC control environment is visible, robust and efficient.
• Maintain adequate end to end process maps and detailed task manuals in accordance with best practices, regulatory requirements, SOX, and Internal Control.
• Liaise within Controllership/Finance and with other stakeholder groups in Front Office, Technology, and Operations to support business initiatives and solve complex problems.
• Participate in and drive continuous improvements.
• Improve the effectiveness & efficiency of controls by developing new systems or enhancing existing processes.
• Collaborate to determine business needs, and the analytical or financial support required to aid in effective business decision making.
• Provide leadership and effective team management.
• Inspire employee commitment to the organization, the team, and their own careers.
• Promote collaboration, bringing team members together to tackle common goals for the business and CIBC overall.
• Instill a culture of learning, encouraging team members to understand the purpose of the work and how it fits into the big picture.
• Build the team and individual capabilities by providing development opportunities and managing performance.
• Create a positive work environment and are an effective role model by championing CIBC’s mission, vision, and values.
• Handle multi-tasking, balancing and prioritizing numerous projects, processes and problems.
• Succeed in a work environment of increasing expectations around controls, service, and accounting transparency.
• Take a hands-on approach to dealing with highly complex finance issues.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• Defined benefit pension plan
• Employee share purchase plan
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed