Senior Cash Manager

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 What you’ll be doing This role is primarily responsible for the daily management of CAD central bank accounts, global foreign accounts, and USD correspondent accounts, including cash management activities for World Markets Inc. (Broker Dealer). The position holds accountability for originating and managing CAD short- and intermediate-term funding, ensuring optimal liquidity and cost-effective funding solutions. In addition, this role encompasses a range of responsibilities under the mandate of Funding and Liquidity Management Trading Canada (FLM), including support for CAD funding activities. You will be expected to maintain rigorous oversight of cash positions, proactively address funding requirements, and contribute to the effective execution of CIBC’s funding and liquidity strategies. 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 4 days per week on-site, with one day remote. How you’ll succeed Business Management - Effectively and efficiently manage CIBC’s cash flows and the funding of closing cash positions at the central bank and foreign correspondent nostro accounts to minimize costs and maximize revenues. Proactively fund cash positions with external counterparties, correspondent banks, and regional FLM Trading desks. Continuously monitor and manage intraday liquidity positions within various financial market infrastructures (CLS, Lynx, CDSX), promptly advising management of any limit violations and ensuring adequate liquidity is available to satisfy settlement obligations. Manage liquidity and settlement risk and reduce costs by trading settlement dislocation utilizing liquidity swaps in the Semaphore and Settlement Exchange markets. Provide comprehensive support to the Toronto Funding Liquidity Management Trading desk, including deal capture, reporting, analysis, and activities related to Canadian monetary policy. Stakeholder Management - Maintain strong working relationships with CIBC’s correspondent banks globally, ensuring efficient and timely account information flow—critical for making time-sensitive funding decisions that may impact interest costs or pose reputational risk to CIBC. Assist in the forecasting, monitoring, and funding of the USD IMM Canada book and USD nostro correspondents, and contribute to detailed funding, variance, and liquidity reporting. Support all TCIM and CAD FLM Trading desks, acting in a swing capacity and serving as backup to traders as required, with a comprehensive understanding of all aspects of the business. Participate in the management, monitoring, and reporting of intraday liquidity, and support senior TCIM staff in developing and executing intraday liquidity reporting mechanics to meet regulatory requirements. Actively participate in industry committee work (CLS, TMX, Payments Canada), supporting senior TCIM committee members. Daily Tasks - Execute daily funding tickets and provide timely reporting to Risk Management on deposit excesses. Analyze daily currency sources and uses of funds to deliver a complete currency position profile to management. Manage cash flows against main funding accounts within various currencies and coordinate end-of-day positions with relevant FLM Trading desks to ensure cost-effective funding of residual balances. Operate proprietary applications to forecast, manage, and reconcile foreign currency nostro-related balance activity. Manage intraday liquidity for global settlements and maintain reporting to satisfy regulatory requirements. Who you are You are designated. University degree in Business/Finance or equivalent experience. Canadian Securities Course or CFA candidacy preferred. You can demonstrate experience. Solid understanding of global financial markets with experience in CAD short and intermediate term funding markets. Strong knowledge of cash management principles and practices, correspondent banking arrangements and services. Strong understanding of payments and settlement systems, associated risk models, use of funds concepts and compensation practices You have strong communication Skills. Excellent communication skills, ability to build and maintain internal and external relationships You are analytical. Extensive systems applications knowledge with a focus on MS Office Suite, (i.e. Excel, VBA) Strong forecasting and analytical skills, ability to work under pressure due to time constraints and high volumes You can multitask. Ability to multitask and make time sensitive decisions around very large dollar value cash positions and transactions You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity. You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life. 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 CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. 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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process. 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-161 Bay St., 5th Employment Type Regular Weekly Hours 37.5 Skills Analytical Thinking, Business Management, Investments, Liquidity Management, Prioritization, Strategic Objectives, Treasury Management, Treasury Policies