SeniorFull TimeEN
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.
To learn more about CIBC, please visit CIBC.com
What You’ll Be Doing
The key purpose of the position is to work as a team with the Supervisor of the Foreign Exchange desk within CIBC World Markets Finance–Canada. The Foreign Exchange Accounting desk currently generates over $1 million FX revenue on a monthly basis. In daily operation, the desk handles over 2500 transactions on cash and trade conversions. It is operated as one of the critical business units. An in depth knowledge of foreign exchange markets and position accounting is required in order to manage the daily FX processes within CIBC World Markets Inc and CIBC. This desk acts independently as an operational activity within the Finance area. As such, you will be required to be a self-starter and able to coordinate foreign exchange trades with a minimum level of supervision. You must interact efficiently and effectively with Traders, Wood Gundy Investment Advisors, Business Management, Operations and Senior Management within the firm. The individual must be detail oriented as any errors can cause financial loss for the bank. On a daily basis you will need to research issues, make decisions and provide advice to Senior Management on matters concerning FX reporting. You may also partake/lead special projects that arise periodically. This is a two person desk and you will be required to fulfill the role of supervisor in the event of absences.
At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.
How You’ll Succeed
Foreign Exchange –Complete the FX account reconciliations. Coordinate with foreign exchange traders to ensure coverage of open positions. Manage the foreign exchange position account for CIBC World Markets Inc. Ensure all items are clearing in a timely basis. Coordinate FX “Rate Changes” with the trading floor and Wood Gundy Investment Advisors.
Analysis - Ensure the accuracy and integrity of the information recorded and used, and that proper accounting procedures are adhered to. Identify contributing factors/problems/opportunities that cause real variances and trends, and propose solutions for immediate corrective action. Undertake standard and non-standard analyses and provide interpretation and summary of results. Additional Ad Hoc Support and assistance in the planning and coordination of the BCP for the desk
Automation Projects – Play a key role with cross-functional teams to assist in the development, implementation, and maintenance of automation project pipelines, ensuring efficiency and reliability in delivery.
Training Team Members - Leverage expertise to provide training sessions, guidance, and ongoing support to internal team members
Who You Are
You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
You can demonstrate excellent knowledge of costing, planning, management reporting and analytical procedures and techniques. You will also have understanding of end to end foreign exchange process beginning with the client order, proper booking of trades in the GL and appropriate buys/sells with the FX trader in order to maximize both client satisfaction and profitability for CIBC World Markets Inc.
You have a degree/diploma in Accounting, Business, Finance or a related field
Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
#LI-TA
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
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 test (such as simulation, coding, French proficiency).
We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-81 Bay, 26th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Accounting Journal Entries, Investigating
