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 role of this position focuses primarily on the daily management of CAD central bank, global foreign and USD correspondent accounts, including World Markets Inc. (Broker Dealer) Cash Management. Additionally, this role is accountable for originating and managing CAD short and intermediate term funding, as well as various responsibilities the are under the auspices of Funding and Liquidity Management Canada (FLM).

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

Business Management- Effective and efficient management of CIBC’s foreign correspondent nostro accounts to minimize costs and maximize revenues. Proactively invest cash positions with correspondent banks as well as respective FLM desks. Monitor CLS positions against established limits. Advise management of any violations and ensure adequate liquidity is available to satisfy settlement. Communicate large potential positions with correspondent banks. Trade Inside CLS positions in the Semaphore market to manage liquidity risk and reduce settlement costs.Stakeholder Management- Maintain good working relationships with CIBC’s correspondent banks globally ensuring efficient account information flow - often required to make time sensitive funding decisions which could potentially bear interest costs or reputational risk to CIBC.  Assist with the forecasting, monitoring, and funding of the USD IMM Canada book, funding of USD nostro correspondents and the completion of detailed funding, variance, and liquidity reporting. Assist all TCIM and CAD FLM desks, acting in a swing capacity while understanding all aspects of the business, available as a backup to traders as required. Participate in the management, monitoring and reporting of intraday liquidity. Support senior TCIM staff in the development and execution of intraday liquidity reporting mechanics in response to regulatory requirements. • Participate  in industry committee work – CLS, TMX, Payments Canada – supporting senior TCIM committee membersDaily Tasks- Execute daily funding tickets, provide timely reporting to Risk management on deposit excesses and analyze daily currency sources and uses of funds to provide a complete currency position profile to management. Manage cash flows against main funding accounts within currencies and coordinate end-of-day positions with appropriate FLM funding desks to ensure cost effective funding of residual balances. Operate numerous proprietary applications to forecast, manage and reconcile foreign currency nostro related balance activity.

Who you are

You are designated. University degree in Business/Finance or equivalent experience. Canadian Securities Course required. CFA candidacy preferredYou can demonstrate experience. Solid understanding of global financial markets with experience in CAD short and intermediate term funding markets. Strong knowledge of cash management principles and practices, correspondent banking arrangements and
services. Strong understanding of payments and settlement systems, associated risk models, use of funds concepts and compensation practicesStrong Communication Skills. Excellent communication skills, ability to build and maintain internal and external relationshipsYou are analytical. Extensive systems applications knowledge with a focus on MS Office Suite, (i.e. Excel, VBA) Strong forecasting and analytical skills, ability to work under pressure due to time constraints and high volumesYou can multitask. Ability to multitask and make time sensitive decisions around very large dollar value cash positions and transactionsYou'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'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.Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability

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

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 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-161 Bay St., 5th

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Business Management, Investments, Liquidity Management, Prioritization, Strategic Objectives, Treasury Management, Treasury Policies