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
BUSINESS UNIT DESCRIPTION
The role sits within Capital Markets Operations supporting the Delta One (D1), Synthetic Prime Brokerage (SPB) and Stock Borrow and Lending (SBL) trading desks. The UK operations team are responsible for supporting the business alongside Toronto operations and aim to provide a seamless service to our business partners and clients. SPB and D1 are new products for CIBC in London, the candidate will help in defining operational processes to support both products.
JOB PURPOSE SUMMARY
The focus will initially be on onboarding new clients and assist in defining the operational processes for a scalable flow. Implementing controls to manage risk and close out any control process gaps.
The role requires understanding of the front to back trade flow and full lifecycle trade management. The candidate will act as a subject matter expert for the business area and interact with the wider operations teams in Toronto. The candidate will be interacting with the trading desks and clients on a daily basis.
KEY RESPONSIBILITES
- Act as primary operations point of contact for the SPB and D1 trading desks in London, partnering with global teams to resolve trade breaks or settlement queries.
- Provide oversight of the hedge settlements, ensuring issues are resolved or escalated in a timely manner.
- Manage Traiana allocations and post trade reconciliations for SPB clients.
- Provide operational client service to SPB clients.
- Ensure done with and give up swaps are booked in a timely manner.
- Agree swap cash flows with clients and resolve discrepancies.
- Assist in corporate event queries and have a full understanding of the life cycle of a trade
- Responsible for the CBOE ETR flow ensuring bookings are reconciled and margin is covered
- A key focus for the organization is establishing strong risk management, all procedures and controls will need to be documented.
- Identifying opportunities to continuously improve straight through processing, collaborate with technology teams to implementation improvements and operational efficiencies.
- Provide guidance on up-coming regulatory changes which may impact SPB or D1.
SKILLS AND EXPERIENCE REQUIRED
- Product knowledge - swaps/CFD, cash equities & other listed & OTC derivative.
- Experience in equities and Prime Brokerage.
- Excellent understanding of European and UK settlement.
- Ability to prioritize requirements.
- Strong Interpersonal Skills.
- Experience in dealing directly with clients via phone or email.
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 [email protected]
- 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
Job Location
150 Cheapside, 2nd Flr,London
Employment Type
Regular
Weekly Hours
35
Skills
Analytical Thinking, Business, Business Analytics, Capital Markets, Equities, Interpersonal Communication, Lending, Operational Efficiency, Operations Processes, People Management, Post Trade Processing, Prime Brokerage, Prioritization, Trading Desks
Top Skills
What We Do
CIBC is here to help all our clients reach their goals.
We know the importance of reliable financial products and services, and we’re dedicated to providing them in a way that lets you bank however you want, whenever you want.
With innovative tools designed around your priorities and a team fully focused on your success, you’ll get the insights you need to get even closer to achieving your goals.
This culture of innovation and shared values of trust, teamwork and accountability are why we’ve been named a top employer in Canada. They’re also why a career at CIBC is more than a job—it’s an opportunity to grow and work alongside some of the brightest in Canada.
La Banque CIBC est là pour aider tous nos clients à atteindre leurs objectifs.
Nous connaissons l'importance de produits et services financiers fiables, et nous nous engageons à les fournir d'une manière qui vous permette d'effectuer vos opérations bancaires comme vous le souhaitez, quand vous le souhaitez.
Avec des outils innovants conçus autour de vos priorités et une équipe entièrement centrée sur votre réussite, vous obtiendrez les informations dont vous avez besoin pour vous rapprocher encore plus de vos objectifs.
Cette culture de l'innovation et les valeurs partagées de confiance, de travail d'équipe et de responsabilité sont la raison pour laquelle nous avons été nommés l'un des meilleurs employeurs au Canada. C'est aussi pourquoi une carrière à la Banque CIBC est plus qu'un emploi : c'est une occasion de grandir et de travailler aux côtés de certaines des personnes plus brillantes au Canada
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