Director, Business Initiatives and Analytics Accounting, Finance at CIBC in London

Job description

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, corporate real estate and liaison with CIBC’s investors. In addition, Finance assists Corporate Development in providing financial advice regarding CIBC’s business opportunities and transactions. The group is also accountable for Treasury, specifically Liquidity Management, Capital Management, Treasury Analytics, Secured Funding, Unsecured Funding and Cash Management. LINE OF BUSINESS DESCRIPTION The London Business Initiatives and Analytics (BIA) team provides expert information, advice and decision-making support to facilitate the success of CIBC Global Markets and Treasury businesses. London BIA provides three key services to our clients: daily financial estimates (DFE), accounting SME, and business initiatives and analytics support. The team is accountable for supporting the delivery of new initiatives and providing finance assistance for production issues impacting the UK Front Office and Finance, accountable for the integrity and timeliness of gross revenue reporting; namely Profit and Loss (P&L) reconciliation and decomposition and providing expert analytical support to Senior Management on their daily Profit and Loss (P&L). JOB PURPOSE Reporting into the Executive Director, BIA Accounting the Director, Business Initiatives and Analytics Accounting will be the London BIA point of contact to the London business and infrastructure partners. Interacting with Finance and Wholesale bank senior management, as well as partnering other infrastructure groups on initiatives (including global initiatives). Provide both analytical and initiative support and delivery to the Wholesale bank and Treasury businesses in London with a focus on the accounting aspects. Ensure team performs daily and month end reporting, reconciliations and controls. Ensure Analysts and Associates are appropriately trained in various procedures and related products and appropriate documentation and controls are adhered to with respect to governance expectations/requirements of senior management. KEY ACCOUNTABILITIES Meet the key accountabilities below as assigned by the Executive Director BIA Accounting : Strategic and New Initiatives For the assigned London businesses: Provide London BIA Accounting input and feedback on CIRAs and CIBC policies. Act as Finance point of contact for the assigned London businesses on accounting related queries and requests, accountable for communicating status and resolution. Act as liaison point between other infrastructure areas on reporting process as it relates to new initiatives and products. Lead BIA Accounting team initiatives and projects. Represent London BIA on various project teams interacting with peers, Executives and business partners Act as advisory service to other Finance groups to promote continuous improvement to process. Production and Analytics Ensure month end and quarter end reporting is complete and accurate. Understand and be comfortable with the relationship between the numbers being reported as part of the daily P&L for the Europe region and entities and the resultant accounting and balance sheets that are attested to by the Accounting group in Toron