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CIBC US · 1 week ago

Associate, U.S. Product Controller - Finance

New York, NY

Full-time

Onsite

Mid Level

$113K/yr - $150K/yr

3+ years exp

CIBC US is building a relationship-oriented bank for the modern world and is seeking a dedicated Associate for their US Product Controller - Finance role. This position involves providing analytical support to the Wholesale Bank and Treasury businesses, ensuring accurate financial reporting, and collaborating with various teams on process improvements and strategic initiatives.

BankingFinancial Services

No H1B

Responsibilities

Produce Daily P&L Reports: Ensure accuracy of Daily P&L reports for Capital Markets and Treasury businesses, including analysis of revenue and fluctuations

Month-End Reconciliation: Reconcile Daily P&L with actual results and ensure completeness and accuracy of month-end and quarter-end reporting

Independent Price Verification (IPV): Review and communicate IPV results to stakeholders and manage the sign-off process

Accounting Compliance: Ensure reporting is in line with IFRS and US GAAP; reconcile balance sheets and income statements, and resolve outstanding issues

Process Improvements: Continuously seek opportunities to automate and improve processes; maintain and update procedures and documentation

Cross-Functional Collaboration: Work with Front Office, Risk, Technology, and other teams to resolve issues and contribute to new product onboarding and strategic initiatives

Qualification

Accounting PrinciplesCapital Markets ProductsFinancial ReportingTechnical ProficiencyAnalytical SkillsPressure ManagementControl OrientationInterpersonal SkillsOrganizational SkillsTeam PlayerLeadership Qualities

Required

Undergraduate degree in Economics, Finance, or Accounting, complemented by 3-5 years of relevant business experience

Strong understanding of accounting principles, particularly IFRS and US GAAP, with the ability to ensure compliance in financial reporting and reconciliation processes

In-depth experience with a broad range of Capital Markets products, including but not limited to Fixed Income, Margin Lending, Securities Lending, Options, Futures, and Derivatives

Familiarity with Treasury operations and financial instruments

Ability to analyze complex financial data and assess the implications on accounting and reporting, ensuring accuracy and integrity in financial statements

Capacity to view issues from various perspectives (Line of Business, Legal Entity, Product, Source System, etc.) to provide comprehensive insights and solutions

Well-developed organizational and prioritization skills to effectively manage multiple tasks and projects in a fast-paced, dynamic environment

Strong interpersonal, communication, and influencing skills to develop and maintain productive working relationships with stakeholders across Front Office, Risk Management, Technology, and Finance

Self-motivated team player with a flexible approach to problem-solving and a commitment to achieving team objectives

Strong leadership skills are advantageous, with the ability to guide and mentor junior team members

Ability to accept responsibility and work effectively under pressure to meet tight deadlines

Detail-oriented with a thorough and analytical approach to financial processes and controls

Advanced proficiency in Microsoft Excel, along with experience in automation tools such as Alteryx and Power BI

Ability to work with and manipulate large datasets from multiple sources, leveraging these tools to enhance reporting and analysis efficiency