Sr. Director, Finance

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  team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

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The Senior Director, Finance, Payments is accountable for providing leadership to the Payments Finance team in all aspects of financial planning, analysis, decision support and management/ Board reporting. The role will be supporting the Head of Payments and the executive team (comprising of business and regional leads) and is responsible for providing sound independent business advice and financial analysis (including resource implications) on business and strategic opportunities/challenges as well as regulatory changes to Payments Executives.

The services of this business are diverse and complex in scope and require extensive knowledge of the products, business, industry and the markets including regulatory and accounting rules. This includes having a good understanding of the B2B FX platforms and channels, Global Cash Management, Trade Finance and Corporate Deposits. It also encompasses sound knowledge of existing and upcoming changes to the capital, liquidity and other regulatory and accounting rules and working closely with senior Risk Management and Treasury executives in a fast paced environment.

This role also provides second line of defense oversight on deliverables produced by Controllership and Finance Operations for the accountable functions in Finance to ensure accurate, complete and timely accounting records and reports (statutory and regulatory) in accordance with IFRS accounting policies and regulations and the CIBC governance and control framework.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

• Financial Leadership and Decision Support – Responsible to ensure accurate and timely financial and management reporting and analysis is provided to business leader and executives, including, proactively looking and implementing opportunities to improve timeliness of reporting, streamlining underlying processes, provide consistency of reporting across line of businesses and enhance integrity and quality of the reports and underlying information. Assist the CFO Capital Markets with the quarterly/annual business performance review process including reviewing business performance and Key Performance Indicators with the business executives.
  
  Provide continual insight and support on resource utilization (technology investment, headcount, funding contribution etc.) including helping business executives manage and optimize resources and make conscious decisions to maximize profitability per unit of constrained resource.
• Payments - Provide value-added analysis and recommendations regarding the financial performance of Payments business with regard to plans, actual results, forecasts, trends, future direction and external benchmarks, including weekly updates to Executive Committee, when necessary. Accountable for Payments annual and strategic financial planning process, including working with the Payments business leaders/executives to develop. Work with Payments leaders/executives to prepare and present annual strategic plan to the management committee, including ensuring appropriateness of key inputs and assumptions used in the development of the plan and assisting with presentation and communication of the plans to Senior Management, Board of Directors and external parties.
• Capital Markets - Provide analyses and recommendations in support of new strategic and tactical initiatives relating to Capital Markets. Lead and/or actively participate in special projects and strategic initiatives of Capital Markets.
• Research/Industry Knowledge - Directs projects or research studies to help business stay abreast…