The Director - Trade Support role at CIBC involves supervising and coordinating Primary Dealer Trade Support for US Fixed Income trading, ensuring accurate and efficient processes. Key responsibilities include overseeing pre-auction inventory reconciliation, supporting US Treasury and Agency auctions, and acting as a primary point of contact for various stakeholders. The role also focuses on driving process improvements, automation initiatives, and maintaining compliance with CIBC's values and regulatory standards.
Supervise and coordinate Primary Dealer Trade Support activities for US Fixed Income trading.,Oversee pre-auction inventory reconciliation for US Treasuries and Agencies.,Support all major US Treasury and Agency auction types (order preparation, submission, 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 related to trade support, auction processes, and regulatory change.,Foster a culture of compliance and continuous improvement.,Support the onboarding and ongoing maintenance of client accounts and ensure accurate settlement information.,Lead pre-auction inventory reconciliation to validate firm holdings.,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.,Maintain strong understanding of desk-related technologies.,Act as escalation point for operational issues, trade exceptions, and regulatory matters.,Collaborate with cross-functional teams for client onboarding, process enhancements, and technology upgrades.
7–12 years in Trade Support, Operations, or Middle Office for a US Primary Dealer, with direct experience in auction processes and systems (TAAP, Broadridge, Bloomberg TOMS, E-Confirm).,Bachelor's degree required; advanced degree or relevant certifications (e.g., Series 7, 63, 99) preferred.,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).
Bachelor's Degree
40 hours/week, early start times (e.g., 6:30am) may be required
Early start times (e.g., 6:30am) may be required. Role takes place on an open concept, fast-paced trade floor, which can be an active, high-stress environment.
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector, and institutional clients. It offers a full range of advice, solutions, and services through its leading digital banking network and locations across Canada, the U.S., and around the world.
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