Associate, Trade Control, US Global Markets

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

US Global Markets, Fixed Income, Trade Control team

• Provides primary support for traders and sales/marketers in aspects of the 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

• Ensures proper allocation of trades to client sub-accounts

• Controls proper capture of trades for risk and regulatory reporting

• Primary interface between front office desks 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

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 2-3 days per week on-site, while other days will be remote.

This role will take place on an open concept, fast-paced trade floor, which can at  times be an active, high-stress environment. In order to best meet the needs of our clients, early start times (e.g. 6:30am) may be required.

How You’ll Succeed

1. Exception Processing and Reporting: On a daily basis all accounts should be reviewed, appropriate positions flattened or allocated as necessary. Responsible for keeping appropriate levels of management aware of potential exposures or errors.

2. Client Post-Trade Communication: Trade Control is responsible for follow up with clients to resolve any discrepancies in trade details and to help ensure trade settlement.  Where a trade is failing to settle, Trade Control team will liaise with the client contacts, the sales desk and back office operations to resolve the fail.

3. Reconciliations:  Errors may occur in booking between internal systems (front to back office, including between legal entities) and/or with external settlement systems (e.g. Broadridge ADP).

4. Preparation of new account forms: As part of the allocation of trades, accounts and sub-accounts are required to be set up in our books of record. This entails providing details of account and settlement information to the Broadridge operations team.

Major Activities:

• Receive reconciliation reports and take action to correct daily exceptions or errors; investigate and resolve reconciliation breaks between internal companies

• Resolution of trade reconciliation exceptions between front office systems on a daily basis

• Monitor all inventories (institutional) to ensure positions are booked correctly

• Monitor automated client allocations and break-d