Senior Manager, Investment Management and Oversight

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

What you’ll be doing

CIBC Trust Investment Management is a team under the CIBC Wealth Solutions department within the CIBC Commercial Banking and Wealth Management.  The team provides Investment Management services, solutions and oversight to the clients of CIBC Trust Corporation. CIBC Trust is a wholly owned subsidiary of CIBC which is incorporated, licensed and operating under the powers and authorities granted by Trust and Loans Companies Act. The primary purpose of the business is to provide Estate, Trust and Agency services to high net worth and ultra-high net worth clients within the CIBC network.

The role contributes to the development and implementation of an investment oversight framework and strategies for discharging CIBC Trust’s fiduciary duties in overseeing internal and external investment portfolio managers. The person will have direct control and responsibility for managing and overseeing a block of large, complex and demanding investment situations in supporting the Estate Trust and Agency Team.  In an unstructured environment, the individual will gather information to evaluate the client requirements, understand and respect various relationships, negotiate suitable investment plans and solutions, and monitor the investments to generate reasonable outcomes for all relevant stakeholders.

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.

How you’ll succeed

• Investment Management and Oversight - Perform investment oversight on internal and external Investment Managers to fulfill CIBC Trust’s fiduciary responsibilities for investments that are not managed directly by the CIBC Trust Investment Team.  Meet and communicate with staff, clients, portfolio managers, consultants, lawyers and accountants, as applicable.  Review client investment objectives, requirements, tolerances and constraints in performing KYC.  Draft, customize and negotiate detailed client investment plans and policies, including transition thereof.  Conduct due diligence and assess appropriateness and suitability of potential portfolio managers, their firm, strategies, products and solutions.  Monitor and evaluate on an ongoing basis portfolio manager activities and results to ensure compliance with agreed upon investment mandate and parameters.  Manage difficult relationships in addressing and resolve conflicts in a reasonable and timely manner.  Educate and train Trust personnel, portfolio managers and other stakeholders on CIBC Trust processes.  Prepare reports, communicate and present issues, observations and commentaries for the investment team, Trust personnel, clients, beneficiaries and investment managers, as necessary.  Keep abreast of financial markets and economic conditions to have current and proper perspective for performing oversight.
• Investment Management Operations and Administration - Perform Operational and Administrative functions as required to support the smooth operations of the Investment Management department within CIBC Trust.  Act as a leader and role model for the team in making day to day operational decisions.  Develop, implement and support departmental policies, procedures, forms, letters, workflows, reports and templates.  Compile and review other reports as requested and in accordance with deadlines.  Maintain investment department diaries, various control lists and databases.  Review, evaluate and resolve issues raised by auditors, compliance, business controls, risk management and regulators.  Assist or lead various special projects, initiatives and activities as they arise from time to time.  Provide support and backup services to other team members

Who You Are

• You have a financial background with a Business/Commerce/Finance/Economics degree. Completion of at least CFA – Level 1 or full Canadian Investment Management (CIM) designation, or equivalent.
• You have 5+ years of relevant investment management experience (RIME). You have knowledge of Estates and Trusts, Law, Personal Financial Planning, Canadian Tax, Trading and Investment Accounting.  You have strong analytical and investment research skills and are results-oriented, confident and assertive. You are detailed and methodical with the ability to prioritize and multi-task while meeting required strict deadlines. Having basic French language capability would be an asset. You are proficient in MS Office products – Outlook, Word, Teams and Power Point. Strong MS Excel skills.
• You put our clients first. Your strong relationship-building abilities enable you to establish and strengthen connections with clients and internal partners, supporting both the maintenance of existing relationships and the development of new business opportunities. Over time, this will extend to engaging with high-net-worth clients and earning their trust.
• Values matter to you. You bring your real self to work, and you live our values – trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

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 Mailbox.careers-carrieres@cibc.com

• 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.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 11th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Business Development, Client Service, Customer Experience (CX), Investment Advising, Portfolio Management, Prospecting, Wealth Management