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

BUSINESS UNIT DESCRIPTION

The Finance group provides financial services to CIBC’s businesses through effective governance and decision support processes. These services include financial, management and regulatory reporting, maintenance of accounting records and internal controls, financial analysis and planning, tax planning and compliance, treasury, global sourcing and payment processing, regular reviews of business line performance, asset record maintenance. and liaison with external authorities on financial reporting matters. In addition, Finance assists Corporate Development in providing financial advice regarding CIBC’s business opportunities and transactions.

LINE OF BUSINESS DESCRIPTION

Finance, Hong Kong is a one stop shop providing the full suite of Finance services to the Hong Kong and China offices which currently comprises of a branch and representative offices. The team performs financial regulatory, management and statutory reporting, accounts payables and expense accounting and taxation. The team provides value by helping clients and partners to make effective decisions, compliance with regulatory and statutory requirements, processing of vendors invoices and expenses, participation and support of global and regional projects/initiatives.

Key Responsibilities include the following for Finance Teams of both Hong Kong and Singapore:

• Produce daily PL reports for FLM and CB LOBs and conduct necessary investigation and analysis on the discrepancies

• Perform daily DFE/SDE submission

• Review daily Recon – checks on daily feeds, B2B, mapping error and Balance Sheet Controls

• Produce daily Liquidity

• Perform daily Nostro Recon and produce Nostro Limits monitor reports

• Produces weekly Balance Sheet

• Assist in month end activities including Nostro, Interco and Corporate Banking charges entries, final PL sweep entries

• Prepare monthly Operations loss reports and Suspense & Nostro recon reports

• Assist in other monthly reporting including DFE true up recon and submission

• Update and implement process documentation e.g. desktop procedure manual for financial reports and regulatory reports

• Identify and advise process improvements and automation opportunities to enhance operational efficiency

• Provide support to other ad-hoc finance activities and reporting tasks

• Provide ad-hoc assistance to the finance expense and invoice projects during the user testing activities

Qualifications and Experience

• Minimum 5 years of relevant experience in a similar position. Experience in Big 4 is preferred

• Generally Accepted Accounting Principal covering local / Canadian requirements to ensure financial records meet the local standards is preferred. IFRS requirements is a must

• Diverse banking product knowledge in general wholesale banking products is preferred

• Financial reporting systems including source systems in order to provide efficient use and maintenance of the systems from a financial reporting perspective and ensuring that proper control and reconciliation is undertaken

• Strong working knowledge of Microsoft Excel (Macros, SQL, VBA, etc.) is a plus

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 [email protected]
• 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

Job Location

2 Queens Road Central

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Analytical Thinking, Communication, Deliverables Management, Financial Consulting, Financial Reporting and Analysis, Governance Reporting, Regulatory Requirements, Risk Assessments