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 Director, Treasury Services and Banking, the Manager, Treasury Services and Banking has the overall responsibility for ensuring compliance with various regulatory bodies impacting Treasury and its related deposit taking products (i.e. deposits and STIF). This includes, but is not limited to, the completion of CDIC hold and data testing in order to support CIBC Mellon’s certification of compliance with Data & System Requirements By-law, the completion of various filings as required by Trust & Loans Company Act and OSFI, managing banking relationships and bank accounts including adoption of new banking and cash management services, daily and month-end accounting, as well as staying on top of changes in OSC regulations related to money market funds
The Manager, Treasury Services and Banking is also accountable for being aware of and in compliance of any new regulatory developments, and researches the implications of these new policies and changes on Treasury.

Responsibilities:

Treasury Operations:

• Manage all aspects of the administration of daily trading settlement activities, cash flows, reconciliations and reporting of both Treasury managed portfolios and the Canadian Dollar Liquidity Fund.

• Review the daily net interest income reporting and support the month end closing

• Develop and maintain proper internal controls to mitigate risk

• Develop and maintain Treasury policies and procedures.

Banking:

• Take ownership over all bank account records by ensuring the mater list is up to date, as well as signatories and service agreements

• Oversees and leads the setup of new banking services for all business units, as well as act as an escalation point of contact for any trouble shooting

• Assist in the resolution of bank related transactional issues and the implementation of new banking products, and services across the organization

• Backup the Director of Treasury Services for any Treasury related issues

• Other duties as assigned

Regulatory:

• Lead and coordinate filings and remittance of dormant deposit balances to Bank of Canada.
• Lead and coordinate filings for the securities commissions related to the Canadian Dollar Liquidity Fund.
• Ensures compliance with CDIC’s Data and System Requirements By-law by performing ongoing testing of systems and reports
• Acts as a subject matter expert and keeps up to date with any changes to CDIC’s Joint and Trust Disclosure and By-Laws to ensure compliance
• Completes quarterly testing of CDIC FID process to ensure compliance with annual submission
• Manages the CDIC Trust letter distribution process by liaising with Legal, Compliance and Relationship Management
• Calculates the CDIC insurable balance and premium semi-annually for submission to CDIC and Quebec regulator

Qualifications:

• 5-10 years treasury/banking experience dealing with cash management products and regulatory reporting.
• University degree in Business Management or Finance
• CPA designation as well as Canadian Securities Course completion or enrolment, CTP designation an asset
• Understand capital market instruments such as floating rate notes, mortgage backed securities, REPOS, Reverse Repos, Equity Reverse REPOS and money market instruments and fund valuation process to effectively supervise analysts on the investigation and resolution of income and trade related discrepancies
• Knowledge of money and capital market instruments, dealers and practices; corporate banking services and practices;
• Strong analytical and problem solving skills.
• Knowledge and experience in online payment/banking applications.
• Strong working knowledge of MS Excel, PowerPoint, PowerBI and other MS Office applications.
• Excellent communication skills

CIBC Mellon's Values:

Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards
Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward
Be One Family: Challenge, empower and recognize your colleagues
Take Ownership: Speak up, speak out, and make things better