Director, Global Markets

CIBC Regulatory Supervision Role

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.

What You'll Be Doing

Regulatory Supervision is primarily responsible for the supervision of all U.S. sales and trading desks within Global Markets. The supervisory program is designed to reduce and manage regulatory risk by preventing violations from occurring as well as detecting when violations do occur. Regulatory Supervision is a business role (not Compliance) and is delegated the responsibility to supervise on behalf of Global Markets business heads. Complementing the specific responsibilities below, the role is charged with providing highly specialized advice and guidance on regulatory requirements applicable to the business lines and performing specific written supervisory procedures to achieve regulatory compliance. Regulatory Supervision must be highly responsive in a business environment where decisions have to be made in stressful, time-sensitive situations where information is often ambiguous and incomplete. The role is also expected to keep abreast of developments in an ever-changing regulatory environment and their impact on the business.

How You'll Succeed

• Supervise and conduct surveillance of the U.S. registered broker-dealer securities trading products, as well as OTC derivative / swap trading products, with primary focus on : Cash Equities, Program Trading, DMA, Listed / OTC Equity Derivatives, Delta1, ETF create / redeem.
• Assist with surveillance of various regulatory reporting obligations, including : CAT, Nasdaq TRF, LOPR
• Maintain and enhance the documentation of internal policies and Written Supervisory Procedures (WSPs) to comply with applicable trading regulations (SEC, FINRA, CFTC, NFA and others)
• WSPs must clearly indicate "evidence of review" and documentation that will satisfy the regulators and any Self-Regulatory Organization; including, Key Performance Indicators and escalation
• Provide specialized advice and guidance on transactional issues to trading floor personnel as well as Business Management and infrastructure partners
• Promptly escalate significant issues and material incidents of non-compliance to the relevant Global Markets business head, senior Compliance officer and, if appropriate, head of US Global Markets for resolution including recommendations for corrective action
• Collaborating with Project teams and infrastructure partners on the development and implementation of solutions to address existing and new regulatory requirements
• Primary business contact responsible for assisting Compliance in preparing detailed responses to regulatory inquiries and examination requests
• Monitor new and changing regulatory requirements on a timely basis and assess their potential impact
• Ensure that employees responsible for trading securities are appropriately registered
• Participate in appropriate industry committees and working groups
• Work on special projects as assigned from time to time

Who You Are

What CIBC Offers

What You Need to Know

Job Location : NY-300 Madison Ave., 5th Floor

Employment Type : Regular

Weekly Hours : 40

Skills : Accountability, Analytical Thinking, Client Consultations, Financial Markets, Financial Modeling, Global Market, Investments, Management Reporting, Market Trading, Regulatory Environment, Researching