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Business Unit Description: CIBC Global Asset Management Inc., which operates under the brand name CIBC Asset Management, is one of Canada's largest asset management firms with over $60 billion in assets under management. We are leaders in providing a broad range of high-quality global investment management solutions to retail and institutional clients.
Our assets include those under institutional money management for pension funds, endowments and insurance funds, private wealth management, and those that are part of the CIBC family of mutual funds such as CIBC Mutual Funds and Renaissance Investments family of funds and the CIBC family of managed portfolio solutions such as Managed Portfolio Services (MPS), Personal Portfolio Services (PPS), Frontiers Pools, Axiom Portfolios, Sequence Portfolios. CIBC Asset Management is part of the CIBC Wealth Management group.
At CIBC Asset Management, our goal is to help our clients achieve what matters to them. Our philosophy is based on the CIBC values of Trust, Teamwork, and Accountability and we achieve results for our clients through an in-depth disciplined investing approach based on rigor and research.
Relevant Job Criteria: - You must have prior legal authorization to work in the location for which you are applying. - Relocation assistance is not available with this opportunity.
Job Overview: JOB PURPOSE
This is a position within the Performance Team in the Investment Services Group. The Performance Analyst's responsibilities will include validating/providing the performance returns which are used in RFPs and marketing presentations, maintaining external consultant databases and the production of various performance reports including portfolio attribution analysis.
KEY ACCOUNTABILITIES . Identify and analyze the differences in performance calculations (versus a benchmark and/or returns within the same asset class) for the different portfolios within the firm. . Produce monthly/quarterly performance reports on special accounts that are required by other departments. . Ensure that the quantitative information is loaded accurately and in a timely manner into the external consultant databases. . Responsible for activities related to performance attribution including: o Updating required databases in the performance attribution system; o Adjustments following a change in investment policy; o Validation of results obtained and production of monthly reports; o Implementation of new accounts. . Assist in the monthly upkeep of the composites in order to remain GIPS compliant. . Respond to requests and individual needs of managers in a thorough manner, carrying out performance analysis and providing appropriate interpretation of results. . Complete special projects and/or assignments, as may be assigned. . Propose solutions to improve efficiency of existing process and quality of service offered to clients. . Ensure data integrity and accuracy in all reports
CROSS-FUNCTIONAL RELATIONSHIPS This job collaborates with peers both inside and outside the work unit when identifying, discussing and resolving business issues related to the work area. . Client Service Representatives and Administrators . Business development and marketing . Portfolio Managers . Business Controls (CGAM and CAMI) . Auditors . Legal
WORKING CONDITIONS . The working hours are restrictive because of the timely nature of the job. The incumbent's work day will start at 7:30AM and finish at 4:00PM. . This role operates within a normal office environment with little exposure to adverse working conditions. . Build and maintain professional working relationships with Portfolio Managers, Client Service representatives, and Business Controls while being cognizant of the importance of independent judgment and autonomy. . Must adapt to new concepts and technology easily. . Work in a noisy distracting environment. . Prioritizing and organizing workflow to meet deadlines.
Requirements: COMPLIANCE REQUIREMENTS/RESPONSIBILITIES . As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
JOB DIMENSIONS . CGAM Toronto and Montreal offices. . Institutional pension funds, mutual funds, endowments and insurance funds and private wealth clients. . Over $60 billion in assets under management.
KNOWLEDGE AND SKILLS . Bachelor of Commerce with a major in Finance, University degree with specialization in finance or a closely related field. . CIPM designation completed or in progress. . CFA designation completed or in progress. . Successful completion of the Canadian Securities Course (CSC) is an asset. . 1-3 years experience in the investment and/or financial services industry. . A solid understanding of the investment industry is required. . Experience with any type of commercially available performance system, i.e. SS&C Sylvan, PCBond, Eagle Performance, Robust Performance and working knowledge of FMC (asset) . Good knowledge of international products and derivatives. . Advanced skills in Excel are an asset. (use of macros) . Autonomy, initiative, sense of responsibility and organizational skills are required. . Capacity to meet deadlines and to work under pressure. . Excellent communication skills. . Thorough and results oriented. . Strong attention to detail. . Bilingualism - spoken and written.
At CIBC, we're committed to providing employees with fair and competitive compensation that reflects individual contribution, business performance and related markets. Our total compensation programs are comprised of direct and indirect components. Together they reward employee capability and performance and promote employee well-being.
Employee Share Purchase Plan
Employee Banking Offer
At CIBC, there are formal and informal methods available to acknowledge employee and team contributions throughout the year. Formal recognition programs recognize outstanding performance by individuals and teams at CIBC. CIBC's formal programs include the CIBC Achievers Program, eAchievers and the Chairman's Council and President's Council Awards in Wood Gundy. We developed these programs to reward those who demonstrate our core values of Trust, Teamwork and Accountability.