Chicago, IL, 60684, USA
8 days ago
Sr. Manager, Financial Reporting
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 (https://www.cibc.com/en/about-cibc.html) **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 c. Perform special projects as assigned. Physical Demands and Work Environment: The physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. **COMPLIANCE REQUIREMENTS/RESPONSIBILITIES** + As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. **AUTHORITIES/DECISION RIGHTS** + As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness. **CONDUCT & CULTURE RISK** Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk. As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes: + Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls + At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals + Understanding and following the qualitative and quantitative components of our Risk Appetite Statements + Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings + Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls + Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders + Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution **KNOWLEDGE AND SKILLS** + University completion in Business/Accounting and/or 3rd/5th level CMA/CGA  + Minimum 10 years’ experience + Working knowledge of costing, planning, management reporting and analytical procedures and techniques + Good understanding of accounting and/or management information requirements, organization structure and business of the reporting unit + General knowledge of GAAP principles as they relate to CIBC + Working knowledge of PC applications (i.e., spreadsheets, word processing, graphics, etc.) and of relevant mainframe applications + Detail-oriented and analytical + Solid communication and presentation skills **WORKING CONDITIONS** + This role operates within a normal office environment + Travel required: Occasional _At CIBC, we offer a competitive total rewards package. This role has an expected salary range of_ $125K - $160K _for the 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 may also 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._ California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html) **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** IL-120 S LaSalle St **Employment Type** Regular **Weekly Hours** 40 **Skills** Financial Regulation, Financial Reporting and Analysis, Management Reporting, Regulatory Reporting 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 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
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