Director, Corporate Actions Operations Management

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 Corporate Actions Specialist is accountable for providing in-depth advice/consultation typically of an operational or tactical nature, to management and designated clients, within an area of specialization. The individual will be responsible for advising Securities Operations and Prime Services Group on the set of processes, procedures and flows for corporate actions related to the US Prime Brokerage business. Once the business is live, the individual will assist in the resolution of routine and non-routine corporate action queries or issues by investigating, analyzing and providing an informed and independent opinion or recommendation. At the request of PSG or Securities Operations management, the individual will oversee and track complex corporate actions for high profile hedge fund clients. This will help ensure these clients are accurately informed of the details of pending corporate actions and will help ensure the election is process correctly. The individual will lead projects related to the development and implementation of new and revised policies, procedures and standards for corporate actions and will provide technical guidance and professional advice to more junior specialists.

How You'll Succeed:

Provide in-depth operational and tactical advice and guidance to management and client groups, within corporate action processing, in dealing with issues of a transactional nature:

• Determine client priorities and objectives through consultation.
• Ensure clients are well-informed of the corporate actions specialist area's mandate and nature, including relevant policies and legislation.
• Promote and market the concepts, products and services of the specialist area.
• Work with client groups to consider alternative approaches, products or services for corporate action processing and serving.
• Interpret, provide advice on, and promote compliance with CIBC policies, procedures, standards as well as external regulatory and legislative requirements, in routine and non-routine situations.
• Provide technical support/information to clients.
• Evaluate the impact of introducing new methods or products into the client's operations. Identify and assess risks and opportunities for enhancing the performance of programs or policies, and make appropriate recommendations.
• Provide advice to clients in formulating effective implementation approaches for the business area.
• Champion CIBC values and provide support in a manner consistent with the highest quality standards and CIBC objectives.

May act as a resource for the functional area or as an informal regional leader and liaise with line management, clients, and regularly with external contacts:

• Act as a "lead practitioner" in handling non-routine or extremely sensitive issues, problems or requests.
• Provide "informal" leadership, coaching, etc. on routine and non-routine issues for more junior staff within the specialist area.
• Perform administrative and coordinative duties of a managerial nature on behalf of the function, including assisting in the preparation of budgets and plans.
• Coordinate the preparation, production and distribution of reports.
• Identify opportunities for increasing the efficiency of own department's operations.

Research and analyze specialized information and recommend solutions to issues and problems that arise during the ongoing operation of business:

• Review and monitor corporate action notifications from our agents and other third-party data sources.
• Develop and recommend client specific solutions to routine and non-routine operational problems.
• Monitor audits requested by clients to ensure that objectives and regulatory requirements are met or exceeded.

Develop and maintain productive relationships with designated clients, peers and others:

• Maintain regular contact to determine client needs and provide appropriate support.
• Liaise with external service suppliers and regulators to resolve problems/inquiries.

Act as a resource to other CIBC areas in reviewing the application of new or revised processes and procedures, and compliance with external regulations:

• Lead projects of a moderate level of complexity to enhance and upgrade new and existing programs, products or services by researching relevant data and developing proposals and recommendations.
• Participate in other's projects to represent the area of specialization and provide input into the development and implementation of policy and program initiatives.

Maintain "currency" in professional and specialized knowledge sufficient to provide value-added consulting to clients on an ongoing basis, including the maintenance of:

• Relevant subject/functional area, industry and organizational knowledge (e.g. relevant practices, principles and technologies).
• Professional contacts.

Who You Are:

• University degree or post-secondary diploma in Business, Engineering or Finance or equivalent practical work experience
• Minimum of ten years of experience in Global Prime Brokerage operations and five years in Corporate Actions processing
• Relevant experience in servicing US hedge funds' corporate action needs.
• Knowledge of internal CIBC systems and applications specific to own unit (e.g. CashOne, BPS, SWIFT)
• Knowledge of US securities and prime brokerage regulations.
• Proficiency in Excel, Word, PowerPoint and Visio for documentation, modeling and analysis purposes
• Proficient problem-solving, conceptualization, interpersonal, negotiation and mediation skills.
• Ability to effectively manage multiple activities of varying complexity while under time constraints
• Excellent presentation and communication skills, both written and verbal
• Compliance with all CIBC regulatory training and ensure these programs and policies are applied consistently across the business.

#LI-TA

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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $130,000-$150,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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*, 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 Mailbox.careers-carrieres@cibc.com
• 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, 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
NY-300 Madison Ave., 6th Floor

Employment Type
Regular

Weekly Hours
40

Skills
Analytical Thinking, Business, Business Operations, Client Facing, Communication, Compensation Plans, Corporate Actions, Documentations, Fixed Income Investments, Hiring, Incentive Compensation, Investigating, Margin Calculations, Mentoring Staff, Mutual Funds, Operations Management, People Management, Prime Brokerage, Process Improvements, Resource Allocation, SLA Management