Specialist, Repo Operations

Job title:

Specialist, Repo Operations

Company

CIBC

Job description

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 visitWhat You’ll Be DoingIn support of Repos and Collateral Management, the Specialist will participate in various operational activities which include but are not limited to Collateral Management, 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. 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

• Technical Skillset: 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.
• Attention to detail with good analytical skills: Exceptional attention to detail, ensuring that all trades are fully collateralized, all 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.
• Continuous improvement mindset: 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 work under pressure with tight deadline: Operate within multiple daily settlement deadlines across international jurisdictions (ie: 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.
• Industry Knowledge & Education: Previous experience in Capital Markets & Wealth Management Operations, with an understanding of Securities Lending, Repo Trading, Prime Brokerage, OTC Derivatives and Collateral Management.

Who You Are

• You act like an owner. You thrive when you’re empowered to take the lead, go above and beyond, and deliver results.
• You’re driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You understand that success is in the details. You notice things that others don’t. Your critical thinking skills help to inform your decision making.
• You embrace and champion change. You’ll continuously evolve your thinking and the way you work in order to deliver your best.
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it’s the right thing to do.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC OffersAt 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 conditionsWhat you need to knowCIBC 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 contactYou 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 tests (such as simulation, coding, French proficiency, MS Office). 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, 28th FloorEmployment Type RegularWeekly Hours 37.5Skills Analytical Thinking, Business, Business Operations, Customer Satisfaction, Microsoft Excel, Microsoft Word, Operations Management

Expected salary

Location

Toronto, ON

Job date

Sun, 12 Jan 2025 05:54:44 GMT

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