Job Information
CIBC Associate, Supervision & Governance in Toronto, Ontario
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 (https://www.cibc.com/en/about-cibc.html)
What You’ll Be Doing
The Capital Markets arm of CIBC provides corporate, government and institutional clients with innovative solutions to help them raise capital and grow and invest actively throughout global markets and key financial centres around the world. To deliver on its vision to be our clients’ preferred capital markets banking partner across multiple products and services, both in Canada and where our core competencies can be exported. The Capital Markets mission is to bring Canadian Capital Markets products to Canada and the rest of the world and bring the world to Canada.
As an Associate, Supervision & Governance you will join CIBC’s Capital Markets Supervision & Governance department to support the Director (Team Lead) and Executive Director (Group Head), focusing on an effective 1st line of defense and surveillance for all authorized channels of communications. You must be highly responsive in a business environment where decisions must be made in stressful, time sensitive situations where information is often ambiguous and incomplete. You are also expected to keep abreast of developments in an ever-changing regulatory environment and their impact on the business. The principal surveillance functions of this role will focus on Equities, FICC and DFS (including Investor’s Edge, Simplii and ASG). Primary responsibilities include monitoring of all communications to ensure adherence to code of conduct, regulatory guidance and overall brand protection in accordance with standards established by OSFI, FCAC, CIRO, CSA, CFTC, SEC and others.
The incumbent will be responsible for the implementation and maintenance of regulatory requirements including daily surveillance and supervision. Among these daily tasks, the incumbent will assist the Director with the management of the group, ensuring tasks are completed on time with issues escalated in an effective manner.
The incumbent is also responsible for providing oversight, guidance and training to other members of the team in order to achieve departmental goals and objectives in relation to key initiatives and projects. The incumbent must also be adept at understanding regulation and effectively addressing the regulatory risks to CIBC’s sales and trading franchise.
The successful candidate will be responsible for managing end-to-end sales monitoring and risk mitigation by using strong investigative and decision making skills; as well as taking appropriate actions in a timely manner while providing a positive client experience when dealing directly with internal and external clients.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
How You’ll Succeed
Supervision - Supervision & Governance acts as the delegated supervisor for Global Markets and DFS. The incumbent is responsible for assisting the Director of the group and the Head of Supervision & Governance fully and properly supervise all employees to ensure compliance with applicable regulatory requirements and managing regulatory risk. As required, assist the bus ness with communication plans to clients, marketplaces and regulators . Follow up on incidents and track actions to completion. Supervision and review of daily electronic correspondence relating to Capital Markets and DFS. Liaise with sales/traders when required, supporting the front-office. Review/provide feedback/input with respect to all aspects of the supervision program. Other items, as relevant.
Regulatory Enquiries & Compliance - Act as a liaison on behalf of the business between Compliance and Regulators. Assist with regulatory and compliance requests and responses, ensuring enquiries are handled timely and in a professional manner. Engage clients and internal traders where necessary, providing guidance and education and/or change behavior where indicated. Escalate non-routine regulatory enquiries to registered supervisors as relevant.
Audits/Reviews - Provide assistance and feedback during internal audit and regulatory reviews. Work with stakeholders to remediate any gaps identified during the reviews/audits.
Other responsibilities - Participate in industry working groups and committees to stay abreast of industry issues and views. Assist with vendor relationships related to supervision systems, as required. Maintain relationships with regulators and regulatory bodies and stay abreast of ongoing regulatory developments to analyze and assess impact to the business. Participate in projects, other initiatives and committees as required by business needs.
Who You Are
You have an undergraduate degree in a relevant program such as Business, Mathematics, Economics, Engineering, Finance, etc.
You have 3-5 years experience working in the financial services industry.
You can demonstrate experience and knowledge of Capital Markets which would be considered an asset. Demonstration of interest in capital markets risk/compliance functions will be considered. Preference will be given to applicants who are also pursuing the CFA.
You're digitally savvy. You have experience with VBA coding and data analysis. You have knowledge of MS Office, especially in Excel is required. You have experience managing small and medium sized databases using tools such as MS Access.
Your influence makes a difference . You're collaborative and a strong communicator. You have effective written and oral communication and presentation skills.
You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life. You have excellent relationship-building skills.
You're multi-lingual. It’s an asset if you’re fluent in French.
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
Accountability, Analytical Thinking, Auditing, Business, Business Effectiveness, Capital Markets, Client Onboarding, Client Prospecting, Client Service, Codes of Conduct, Customer Experience (CX), Detail-Oriented, Documentations, Strategic Initiative, Teamwork
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.