Specialist, Capital Markets Operations
About The Position
In support of NY Repos and Collateral Management, the Specialist will participate in various operational activities which include but are not limited to Collateral Management, covering of exposures, borrowing and pledging securities, Margin Calls, Settlements and Corporate Actions. You become a subject matter expert and understand numerous complex products, associated trade events (including accounting activities) and other related process flows. Coordinate with counterparties and lenders daily to manage collateral. The role will require frequent professional engagement with clients, traders, regulators, senior leaders and other support staff. 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
- Exceptional attention to detail, ensuring all trades are fully collateralized, client agreements and trade commitments are adhered to, and are 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.
- Strong focus on process improvement. Regularly identify, develop and implement operational process enhancements with the goal of improving efficiencies and synergies between internal and external partners.
- Ability to operate within multiple daily settlement deadlines across international jurisdictions (Europe, UK, US and Canada). Ensure all trades, margin requirements and other daily operational activities are settled prior to end of business in respective jurisdictions without any risk exposure.
- Previous experience in Capital Markets & Wealth Management Operations, with an understanding of Securities Lending, Repo Trading, Prime Brokerage, OTC Derivatives and Collateral Management.
- Ability to analyze and process data quickly and efficiently with a strong technical and analytical mindset.
- Advanced knowledge of Excel.
- Experience with CDS, Arrow, APEX, FEDWIRE, DTC/FICC, Broadridge/ADP.
- Must be legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.
Nice To Haves
- Analytical Thinking
- Business Operations
- Customer Service
- Operations Management
- Prioritization
- Quality Assurance (QA)
- Technical Knowledge
Responsibilities
- Participate in various operational activities including Collateral Management, covering of exposures, borrowing and pledging securities, Margin Calls, Settlements and Corporate Actions.
- Become a subject matter expert on complex products, associated trade events, accounting activities, and related process flows.
- Coordinate with counterparties and lenders daily to manage collateral.
- Engage professionally with clients, traders, regulators, senior leaders, and other support staff.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
