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Sr. Manager, Financial Reporting

CIBC
United Statesfull_timeVerifiedPosted 12 Dec 2024
💰 $125,000/yr

About the role

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

STRATEGIC BUSINESS UNIT DESCRIPTION

Our team provides financial services across CIBC. Through insight, analysis, and best-in-class execution we enable CIBC's core purpose: to help make our clients' ambitions a reality. Our bank relies on our group to make better decisions, plan for the future, and effectively manage its balance sheet and business as a whole. We strive to put clients first, get it right, get it done quickly, and add value in everything we do.

JOB PURPOSE

The Senior Manager, Financial Reporting is a professional responsible for overseeing and maintaining the integrity of the daily and monthly financial reporting within World Markets and Treasury, ensuring accuracy in the daily management reporting. The role applies professional knowledge to assist in communicating value added insights through reporting and presentations to business leaders, ensuring they thoroughly understand the results, issues and trends. The Senior Manager, Financial Reporting analyzes issues, data, processes and situations to develop, coordinate and maintain processes for the reporting and analysis of key performance metrics. The role manages professionals, managers and operational support employees, collaborating on business initiatives, projects, and testing of new systems and processes. In addition, the role acts as the primary point of contact between all internal departments, traders, marketers and external clients for all financial or risk reporting.

KEY ACCOUNTABILITIES

1. Assist/Lead the production of periodic financial regulatory reports (FFIEC, FR Ys, & TIC):

a. Develop, maintain and document all processes to produce the regulatory reports.
b. Develop and maintain highly efficient and organized work papers to document report production.
c. Evaluate and integrate new reporting requirements into the reporting process.
d. Maximize available technologies (Hyperion, BIC & Internal Databases) to facilitate reporting.
e. Partner with all departments to ensure that an efficient workflow is maintained within and between the departments including data gathering and inputting methodologies for all report production processes.

2. Understand risk-based capital calculations:

a. Assist in a formalized process to efficiently calculate BASEL III risk-based capital calculations and maintain all other risk-based calculations while leveraging technologies.
b. Update the calculation model as requirements change.

3. Support periodic regulatory and internal examinations

4. Other Duties and Responsibilities:
a. Identify ways to improve departmental operations to meet management needs and optimal operating efficiency.
b. Assist with the month end close and internal consolidation reporting activities, as assigned<

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Company

CIBC

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