Financial Reporting Manager, Treasury and Markets

at  CIBC Mellon

COMPANY INFORMATION:

CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.
We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.
We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

POSITION OVERVIEW:

Reporting to the AVP Business Unit Support, Treasury and Markets the Financial Reporting Manager, Treasury and Markets is responsible for financial reporting, planning, forecasting, analysis and compliance activities within Treasury and Markets (Securities lending and Foreign Exchange) business units. They are also responsible for reviewing the month-end financial close process for recording securities lending, foreign exchange and Treasury related revenue and expenses, and presenting the month-end results with detailed business commentaries and dashboards.

QUALIFICATIONS:

• University degree in finance, business or accounting.
• Professional accounting designation (CPA, CA, CMA, CGA), CFA or MBA.
• 5-7 years of experience in corporate finance, preferably in the financial services industry.
• In-depth financial reporting, planning and analysis experience including projecting balance sheets, cash flows, and capital ratios.
• Ability to identify key business drivers and synthesize for use in reporting multiyear projections.
• Strong analytical skills (theory and application).
• Ability to effectively synthesize large amounts of ambiguous/un-structured data to provide value add analysis, reporting and support strategy development, monitoring and refinements
• Skilled in creating insightful management reports and presentations for senior executives, and board of directors.
• Excellent communication skills (written and oral).
• Advanced Excel and Power BI skills are required and knowledge of workbook optimization and version control would be an asset.
• High level of comfort using the full suite of Microsoft Office products (Excel, Word and Power Point).
• Knowledge of database structure and principles would be an asset.

• Conduct the secondary review and provide support for the generation of month-end revenue and expense accrual templates for Treasury and Markets including true ups, and coordinates with business units for any revenue adjustments, operational errors or anomalies.
• Review and post journal entries related to revenue and expense accruals and true-ups.
• Responsible for month-end financial reporting, and variance analysis of securities lending, foreign exchange, and treasury revenues with attention to detail and maintain LOB KPIs to support corporate dashboard and Board reports.
• Review and support the preparation of the month end results package including product level breakdown (SL asset class, FX products etc.), client level revenue and deposits breakdown, and KPI trends.
• Liaise with CIBC, BNY and internal operations for timely escalation and resolution of revenue true-ups.
• Prepare robust annual financial plans and monthly / quarterly forecast models by liaising with business unit leaders and finance and incorporating various business and economic drivers for revenue and expense projections.
• Apply data extraction experience to support creating new management and statistical reporting and publishing them through Power BI.
• Provides Business Unit support to Treasury and Markets (Securities Lending and Foreign Exchange).
• Review management and Board reporting related to Treasury financials and performance of Securities Lending and Foreign Exchange in support of the Monthly Business Review (MBR) meetings.
• Process capital markets revenue related commission claims in liaison with relationship managers and business unit heads.
• Provides support for internal and external audits and SOC1 requests and maintains all documentation and approvals thereof.
• Ensures overall compliance with business unit related financial policies and procedures.
• Reviews internal controls and recommends process improvements and procedural enhancements to maximize opportunities, realize efficiencies and enhance controls over financial reporting, planning and forecasting for Treasury and Markets business units.
• Key deliverables for the supported Business units include:
• Month end accounting and reporting (accruals, results)
• Plan and 3 year Plan
• LE (quarterly and as required)
• Variance explanations (v Plan and LE) monthly and quarterly

1. Board material as required

• Ownership of financial controls governance (ex. Controls around completeness and accuracy of revenues and expenses)
• Provide reporting tailored to the leadership team, the board of directors, parent companies (CIBC / BNY) and industry regulatory institutions.
• Participate in special projects as required.
• Perform other duties as assigned.