Senior Director, International Tax

Posted 2 Hours Ago
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Toronto, ON
In-Office
Senior level
Fintech • Payments • Financial Services
The Role
The Senior Director, International Tax leads international tax compliance and planning, collaborates across teams, and mentors staff while adapting to regulatory changes.
Summary Generated by Built In

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 Senior Director, International Tax is a key leadership role within CIBC’s Finance function. Reporting to the VP, International Taxation and Transfer Pricing, this role will provide expert guidance on international tax matters, ensure compliance with evolving international tax regulations, and support business initiatives with strategic tax advice. This role requires strong technical expertise in the international tax regulatory landscape, thought leadership, and the ability to collaborate across functions and geographies to ensure effective execution of multi-geographical initiatives in alignment with business objectives and regulatory requirements. The role will be responsible for tax planning, providing risk assessment and tax advice to stakeholders across CIBC with a focus on strategic initiatives, including reorganizations and establishing operations in new jurisdictions.

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

  • International Tax Delivery- Deliver specialized advice, planning and solutions on a broad range of international tax matters impacting CIBC and its Strategic Business Units. Lead the implementation of multi-functional cross-border strategic initiatives, tax due diligence and structuring for market entry, acquisitions, and reorganizations in new jurisdictions. Assess and manage permanent establishment (PE) risks for cross‑border activities (including services and dependent agent scenarios), recommend branch vs. subsidiary structures, coordinate with employment tax and mobility implications to avoid unintended PEs. Design capital structures for foreign entities that balance regulatory, funding, and tax objectives, including development of repatriation strategies (dividends, returns of capital, share redemptions, interest, royalties) that optimize returns, considering exempt/taxable surplus, foreign tax credits, withholding tax, and FX impacts. Advise on non‑resident withholding tax implications for dividends, interest, royalties, services, and guarantee fees.

  • Stakeholder Management- Co-ordinate among various stakeholders and collaborate with transfer pricing, indirect tax and compliance teams across CIBC on matters including: transfer pricing for inter-company financing, guarantees, inter-company services, and intangibles; indirect tax considerations for foreign operations and integration with pricing and billing processes; accurate and timely Canadian outbound compliance for cross‑border transactions and foreign affiliates (e.g., T1134/T106 filings), and coordination with local tax registrations, returns, and information reporting in relevant jurisdictions.

  • Planning and Compliance- Lead Canadian foreign affiliate regime planning and compliance, including surplus tracking (exempt, taxable, hybrid surplus), FAPI analysis and mitigation, upstream loans, and ACB adjustments on FA shares and reorganizations. Manage audits and disputes relating to cross‑border matters; pursue APAs/MAP where appropriate and coordinate strategy with local advisors and tax authorities to resolve controversies efficiently. Provide proactive stakeholder education on international tax developments affecting foreign operations and translate technical changes into actionable business guidance. Build strong relationships with internal stakeholders, external advisors, and tax authorities. Stay abreast of changes in international tax legislation and administrative practices, proactively assessing their impact on CIBC and communicating relevant updates to stakeholders. Represent CIBC in industry forums and advocate for the bank’s interests in tax policy discussions. Mentor and develop team members, fostering a culture of continuous learning and professional growth within the international tax function.

Who you are

  • You can demonstrate experience. 10 or more years of Canadian international tax work experience with a specialization in outbound taxation. Exposure to the financial services industry is as an asset however, consideration will be given to candidates who have a strong interest and desire to learn the financial services business.

  • You are a certified professional. Chartered Professional Accountant (CPA) designation (preferably CPA, CA) or Master’s degree in Taxation, tax law, or related field, or a tax lawyer.

  • Completed Levels I and II of the CPA Canada In-Depth Tax Course. Completion of the In-depth International Tax course is preferred.

  • Strong presentation/ business interaction skills. Excellent research and analysis. Advanced problem-solving skills and ability to implement the solutions. Results-oriented, self-motivated, proactive and proven ability to work independently. Focused, thorough and disciplined in approach. Decisive, confident and comfortable working closely with and collaborating with business partners. Excellent communication and presentation skills.

  • You are analytical. Proficient with Microsoft Office products plus able to quickly learn new relevant add-on applications if required, e.g., Alteryx.

  • 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'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 [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.

  • 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, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Advisory Services, Tax Advising, Taxes, Tax Services

Top Skills

Alteryx
MS Office
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The Company
HQ: Toronto, Ontario
43,351 Employees

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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