Financial Analyst, Product Control

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

Reporting to the Senior Manager of Product Control, The role is responsible for providing analytical and initiative support for products and overseeing that all requested transactions have been accurately booked. The role applies comprehensive knowledge and skills to oversee the settlement of all transactions as per standard industry procedures, ensuring any exceptions are identified and resolved to confirm the accuracy of information and timeliness. The role makes decisions on their own work methods to make sure the control log of unmatched trades is properly managed, and to verify trading activities and investigate any discrepancies related to trading. The role ensures that direct external transactions are independently confirmed and verified in accordance with industry best practices

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. 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

• P&L Analysis: Analyze, interpret, and communicate daily trade information using underlying profit and loss reports from the general ledger (GL) and other trading systems for our Capital Markets lines of businesses.
• Reconciliation: Reconcile source system trade data against trader estimates/general ledger and communicate discrepancies and provide commentary on main P&L drivers. Assist with daily investigations and resolve P&L variances.
• Data Management: Collect, organize, and maintain data related to Profit/Loss and balance sheet/trial balance data from the GL.
• Cross-functional Collaboration: Work closely with trading desks, accounting and CFO teams to gather and analyze Daily Financial Estimates against the General Ledger. Assist in investigating variances and explaining month-end adjustments.
• Audit Support: Assist internal and external auditors in the examination and verification of financial data as needed.

Who you are

• You are a professional. Bachelor's degree in Finance, Accounting, or a related field.
• You have demonstrated experience. Proven experience in financial analysis, P&L reporting within the banking or financial industry. Strong knowledge of financial instruments, trading strategies, and risk management practices.
• Technical knowledge. Proficiency in Microsoft tools (i.e.. Excel) is required.
• Stakeholder Management. Excellent communication skills, with the ability to convey complex financial concepts to non-technical stakeholders. Attention to detail and a strong commitment to accuracy.
• You act like an owner. You thrive when you're empowered to take the lead, curiosity drives you to go above and beyond, and you take pride in building trust with your partners through your work.
• You love to learn. You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve.
• 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

Accounting, Analytical Thinking, Conducting Investigations, Finance, Financial Analysis, Financial Reporting and Analysis, Group Problem Solving, Product Controlling, Profit and Loss (P&L) Management, Reconciliations, Regulatory Requirements