Director, Prime Services Support

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 Prime Services Support Group  provides direct day-to-day support for our Capital Markets businesses. The CIBC Capital Markets business provide integrated capital markets products, investment banking advisory services, corporate lending and top-ranked research to corporate, government and institutional clients around the world. Our goal is to be the leading Capital Markets franchise in Canada and the lead relationship bank for key clients globally.

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

US Capital Markets, Prime Services Support Team

• Provides primary support for traders and sales/marketers in aspects of trade booking and position reconciliation process.

• Monitors new orders during the trading day to ensure all executions for client orders are received from market/brokers and booked properly in CIBC’s trade capture to feed downstream systems

• Insures proper allocation to client accounts

• Controls proper capture of trades for regulatory reporting

• Primary interface between desk and downstream support teams

• Maintains a strong understanding of internal and third party desk related technologies and may be called on to assist others in the use of the same systems

Key responsibilities include, but are not limited to:

Daily Trading Assistance of Securities Lending Book

Assist with the borrow and loans of  Canadian and US equities for internal partners and external clients.  Help manage the securities lending book to ensure best execution and pricing for our client franchise.

Returns Coordination

Ensure that DTC, and international returns are matched off efficiently and appropriately. Monitor and notifying desk of incoming returns on special and recalled securities, so suitable action can be taken.

Settlement Special Situations

Manage sensitive and special settlements that require high touch including: ETF and Delta One desks.

Recalls Management

Manage incoming and outgoing recall and segregation coverage

Risk Management & Reporting within Securities Lending

Work with internal technology teams (Risk Management, Technology, Operations) to improve Management Reporting for Securities Lending from both a Risk and Revenue perspective.

Collateral Optimization

Work with the front  and back office teams to ensure efficient and optimal use of collateral

Reports

Generate and distribute daily reports for clients and traders.

Reconciliations/Admin Operations

• Review and fix breaks between books/re