Job Description

We\xe2\x80\x99re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what\xe2\x80\x99s 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\xe2\x80\x99ll Be Doing

Pension Investment Management (PIM), Treasury has overall responsibility to develop and operate a sustainable investment strategy for the bank\xe2\x80\x99s defined benefit pension plans. The bank operates a complex and market leading pension investment management function in a bespoke manner to meet its unique objectives as the only top-5 tier bank to continue to offer an open defined benefit pension plan. The PIM group is led by the Chief Investment Officer and comprises a team of investment professionals who manage approximately $8 billion in assets across both public and private markets.

As the Manager, Pension Analytics & Performance, you will be responsible for the operational management of the investment program including investment administration, cash management, and ensuring control processes are upheld at all times.

At CIBC we enable the work environment most optimal for you to thrive in your role. You\xe2\x80\x99ll have the flexibility to manage your work activities within a hybrid work arrangement where you\xe2\x80\x99ll spend 1-3 days per week on-site, while other days will be remote.

How You\xe2\x80\x99ll Succeed

Analytics & Reporting - Perform insightful quantitative analysis and modelling of pension assets and liabilities that supports top-down pension management decision-making, asset allocation decisions, portfolio construction optimization and development of bespoke asset class strategies. Timely reporting to support investment monitoring and oversight activities, as well as frontline risk management of funded status, balance sheet impact, hedging programs and liquidity capacity and implementing the investment decisions taken. Independently carry out the monthly pension reporting process including estimates of funded status, balance sheet impact, attribution of changes, and key risk sensitivities. Manage the end-to-end quarterly investment reporting and valuation processes including the production of investment returns, their validation with managers, attribution analysis, identification of key performance drivers, portfolio positioning review, aggregation of risk positions across investments, and generation of final reports. Manage the month-end asset valuation process with Pension Accounting and investment managers.

Cash Management - Oversee daily investment administration and cash management activities including preparing payment instructions, cash transfers, receipt advices and other forms of formal instruction for the custodian. Maintain spreadsheets recording cash movements, payments, distributions, fees and expenses to assist Pension Accounting with cash flow forecasts. Monitor and check fund manager, custodian, adviser and supplier fee invoices, and arranging payment of those fees. Maintain the liquidity and leverage reporting dashboard to ensure investments and strategies are sustained through market dislocation events.

Strategic Support - Support the CIO in the development of the overarching pension investment strategy with timely and insightful analysis. Update investment policies. Produce materials for pension investment committee meetings in a timely manner. Support the Director, Strategy & Public Markets in investment manager search processes, manager reviews, and implementing an oversight, evaluation and compliance framework. Serve as backup to the Senior Associate, Private Markets and support the Head of Private Markets, as required.

Document Management - Prepare regulatory documentation across all investment jurisdictions, maintaining that documentation in line with regulatory changes, and complete forms as required. Maintain up to date records of investment managers\xe2\x80\x99 legal agreements, and associated policies and documentation. Review and monitor tax reclaims from the Plan\xe2\x80\x99s custodian and preparing necessary documentation. Maintain electronic filing systems. Manage updates to investment policy, pension governance documents and the business unit\xe2\x80\x99s process documentation.

Who You Are

You can demonstrate experience. You have 7-10 years of proven experience with a public or private sector pension plan, an investment/actuarial consulting firm, or an investment management firm. You have strong Excel capabilities and preferably VBA modelling skills. You are proficient with PowerPoint.

It\xe2\x80\x99s an asset. Knowledge of Bloomberg, SharePoint and risk systems will be considered an asset.

You can demonstrate knowledge. Possess good knowledge of Defined Benefit pension plans and federal pension legislation. Good knowledge of and possess a keen interest in capital markets (especially equities, liquid alternatives and bonds). Knowledge of private markets will be considered an asset.

You have a degree. In Business, Finance, Actuarial Science and/or related disciplines. Having (or are working towards) a certification (CFA, FRM) or graduate degree (MBA), will be considered an asset.

You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. You proactively and creatively solve problems to move initiatives forward backed by strong analytical thinking and experience.

You know that details matter. You notice things that others don\'t. Your critical thinking skills help to inform your decision making.

You\'re motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life. You will be comfortable collaborating with internal committees, pension actuarial and investment consultants and advisors, external subject matter experts and consultants, Treasury, Risk Management, Finance, Human Resources, Tax, Legal, Controllers, Audit, and counterparts at major financial institutions and pension plans.

You\xe2\x80\x99re goal oriented. You\xe2\x80\x99re motivated by accomplishing your goals and delivering your best to make a difference. You understand and appreciate that meeting stringent deadlines is of utmost importance in pension management.

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 health benefits program, defined benefit pension plan, an employee share purchase plan 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.

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

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.

Job Location Toronto-161 Bay St 11th Floor

Employment Type Regular

Weekly Hours 37.5

Skills

Accountable, Capital Markets, Cash Management, Defined Benefit Plans, Equities, Financial Modeling, Investment Administration, Investment Management, Pension Analysis, Pension Reporting

CIBC