About the Role
We are building a relationship-oriented bank for the modern world, seeking talented and passionate professionals dedicated to doing what's right for our clients. At CIBC, we empower our team members to make a meaningful impact and value their contributions.
Responsibilities
- Supervise and coordinate Primary Dealer Trade Support activities for US Fixed Income trading.
- Oversee pre-auction inventory reconciliation for US Treasuries and Agencies.
- Support major US Treasury and Agency auction types by managing order preparation, submission, and post-auction reconciliation.
- Update and maintain firm and client auction orders in the Federal Reserve’s TAAP system.
- Develop and refine standardized auction order templates.
- Monitor trade capture, allocation, and settlement processes.
- Identify and resolve trade exceptions and reconciliation breaks.
- Act as a primary point of contact for front office, operations, technology, and external market utilities.
- Drive process improvements and automation initiatives.
- Prepare and deliver operational and management reports.
- Participate in projects and system enhancements.
- Foster a culture of compliance and continuous improvement.
- Support the onboarding and ongoing maintenance of client accounts.
- Supervise daily trade capture, allocation, and settlement for US Treasuries and Agencies.
- Lead pre-auction inventory reconciliation.
- Oversee firm and client auction order preparation, template development, and submission in TAAP.
- Reconcile awarded securities and allocations post-auction.
- Monitor and address trade reconciliation breaks between internal and external systems.
- Maintain strong understanding of desk-related technologies and support integration and process improvements.
- Act as escalation point for operational issues, trade exceptions, and regulatory matters.
- Prepare and present operational and management reports related to trade support and auction activities.
- Participate in and lead projects and change initiatives.
- Collaborate with cross-functional teams for client onboarding, process enhancements, and technology upgrades.
Requirements
- 7–12 years in Trade Support, Operations, or Middle Office for a US Primary Dealer.
- Direct experience in auction processes and systems (TAAP, Broadridge, Bloomberg TOMS, E-Confirm).
- Deep understanding of Fixed Income products, US Treasuries, Agencies, Repo, and related auction processes.
- Advanced proficiency in trade capture, reconciliation, exception management, and order management systems.
- Experience with process automation and data analytics is a plus.
- Excellent verbal and written communication skills.
- Able to interact effectively with all levels of the organization and external stakeholders.
- Proven ability to provide direction, mentor colleagues, and drive results collaboratively.
- Able to identify and resolve trade problems quickly and accurately, with a focus on continuous improvement.
- Consistently acts with integrity, accountability, and a commitment to CIBC’s values—trust, teamwork, and service.
- Bring your real self to work and live our values – trust, teamwork, and accountability.
- Must be legally eligible to work at the specified location(s).
- May be asked to complete an attribute-based assessment and other skills tests.
Skills
- Business Effectiveness
- Business Processes
- Critical Thinking
- Customer Experience (CX)
- Customer Service
- Leadership
- Long Term Planning
- Project Management
- Proposal Writing
- Strategic Objectives
- TAAP
- Broadridge
- Bloomberg TOMS
- E-Confirm
- Fixed Income
- US Treasuries
- Agencies
- Repo
- Trade Capture
- Reconciliation
- Exception Management
- Order Management Systems
- Process Automation
- Data Analytics
Location
- New York, NY
Work Type
- Hybrid
- Full-time
Experience Level
- 7-12 years
Education Level
- Bachelor’s degree required
- Advanced degree or relevant certifications (e.g., Series 7, 63, 99) preferred
Salary/Compensations
- $145,000 – $180,000
Benefits
- Medical
- Dental
- Vision
- Health Savings Account
- Life Insurance
- Disability
- Other Insurance Plans
- Paid Time Off (including Sick Leave, Parental Leave, and Vacation)
- Holidays
- 401(k)
- Competitive salary
- Incentive pay
- Banking benefits
- Benefits program
- Vacation offering
- Wellbeing support
- MomentMakers recognition program
- Purpose Day (paid day off for growth and development)
About the Company
- We are building a relationship-oriented bank for the modern world.
- 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.
- 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.
- 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.
- At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them.
- Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
- Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
- Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
Equal Opportunity
- 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.
