Director, Commercial Banking Finance

Director, Commercial Banking 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 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 (https://www.cibc.com/en/about-cibc.html)
What you'll be doing
Reporting to the Senior Director, Commercial Banking Finance, the Director is responsible for supporting the Canadian Commercial Banking Line of Business (LOB)





including ensuring all financial reporting requirements for both Sales views and Product views of management reporting to the management team are met. This includes regular weekly/monthly/ quarterly/ annual reporting as well as handling ad hoc requests. In addition to ensuring all reports are delivered on a timely and accurate basis, also provide recommendations, insight and context to help LOB management interpret the financial information provided. Continuously seek to improve existing processes and work collaboratively with the Business and various teams across Finance and the bank. The role will also participate (and in some cases lead) activities and analyses at the CC&W; level which may cover Product or Sales focused work. On top of this, the Director will be responsible for all planning and forecasting for the business including finalizing the quarterly Latest Estimates (LE's) and annual Plan for the Canadian Commercial Bank and all related requirements/deliverables
At CIBC we enable the work environment most optimal for you to thrive in your role.





You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.
How you'll succeed
- Management Reporting - Analyze and interpret financial results and key business metrics to ensure the business and various stakeholders understand the drivers of the results and relevant issues are highlighted to the Commercial Banking Management Team. Ensure reporting requirements for Canadian Commercial Banking Finance are met each month and appropriate level of review with the Business is conducted. Provide accurate in-depth reporting/analysis (weekly, monthly, quarterly/annual) on sales results, including detailed analysis around volume growth and rate-volume analyses to explain the drivers of revenue movement.





Establish relationships with each of the Finance teams supporting Canadian Commercial Banking including Corporate Finance and Transaction Banking, Innovation Banking, Diversified Markets and Real Estate and ensure reporting requirements are met and that each of the relevant stakeholders/leads are engaged and understand their respective results, plans/LE's and any ad hoc analysis as it comes up
- Planning/Forecasting - Direct, coordinate and oversee the preparation of the annual and strategic Plan and quarterly latest estimates for Canadian Commercial Banking. Understand and articulate the drivers for the businesses. Present Plan/forecasts to Senior Management highlighting the key drivers for revenue/expenses/FTE, assumptions, as well as risks and opportunities.





Conduct appropriate level of financial and economic analysis on business cases, new product/campaign launches and develop recommendations for discussion, review and acceptance with various stakeholders
- Process Improvement - Identify opportunities to improve existing reporting and forecasting processes and work with key players to implement changes. Develop tracking around key metrics across Canadian Commercial Banking areas such as RORC, NIMs, Operating Leverage, Self-Capitalization, volume growth, fee growth, market share, etc. Identify issues and make recommendations to address gaps
- Relationship/Stakeholder Management - Assist the business in determining both the short and long term impacts of significant special projects/strategic partnerships.





Work with various partner group across the organization to address issues including CPS, Treasury, Analytics, Finance, Risk, etc. Work especially closely with the Business Banking Finance team in order to successfully split the Business Banking and Commercial Banking results across SBU's on a monthly basis, continually looking for ways to improve the process
- Leadership/Coaching/Mentoring - Set appropriate context when assigning work to ensure that individuals' roles support the achievement of the business unit's priorities and CIBC's overall goals. Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training. Manage performance by providing fair and accurate formal and informal feedback,





identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities. Create a positive work environment and being an effective role model by championing CIBC's mission, vision and values. Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect. Hire the right people in the right jobs to align individual capabilities with job requirements and business unit goals
Who you are
- You're driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
- You give meaning to data. You enjoy investigating complex problems, and making sense of information.





You're confident in your ability to communicate detailed information in an impactful way.
- You are a bold and authentic leader. You're passionate about developing and coaching to bring out the best in people. You have led diverse, high performing teams.
- You can demonstrate experience and advanced knowledge of planning, costing and/or analytical procedures and techniques. In addition, you have extensive knowledge and understanding of accounting/reporting systems (EBI, Essbase), and the ability to identify, extract, and use the information to the user's advantage. You also have extensive knowledge of regulatory issues or complex accounting/reporting systems and the ability to identify, extract, and apply the information for others use. It's an asset if you have knowledge of Small Business and Sales Channels.
- You're a certified professional.





You have current accreditation and good standing in the CPA or a recognized accounting designation, along with post-graduate degree in business or a related field.
- You engage with your heart and mind. You care about people and understand different perspectives. You listen and learn from the experiences of others.
- 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 [email protected]
- 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, 10th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Creativity (Inactive), Financial Advising, Financial Reporting and Analysis, Process Improvements, Project Support, Regulatory Requirements, Risk Assessments
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.

▶️ Director, Commercial Banking Finance
🖊️ CIBC
📍 Toronto