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Operations Manager
Canadian Imperial Bank of Commerce
New York, NY, United States
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Description
JOB PURPOSE
Working in Operations on the broker dealer side of the business covering Options
KEY ACCOUNTABILITIES
• Options
• Equities
• Money Funds
• Commodities and Futures
• Understand and implement industry and business initiatives
CROSS-FUNCTIONAL RELATIONSHIPS
• Executives within Global Operations
• Executives in Credit Risk, Market Risk and Businesses
• Senior level staff in Technology Infrastructure and Solutions
• External Vendors
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
• As an employee/contingent worker of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
KNOWLEDGE AND SKILLS
• 10 plus years of options clearance experience (firm and customer trading)
• Understanding of Option Clearing Corp (OCC) settlements.
• Knowledge of CMTA option clearance flow and billing.
• OCC funding and Margin Requirements
• Knowledge of ADP/BPS back office a plus
• Knowledge of equity clearance a plus
• Ability to multitask
• Strong communication skills dealing with internal and external clients
• OCC Encore
• Light knowledge of option and equity regulatory elements