CIBC US

Director of Private Funds Support

CIBC US

full-time

Posted on:

Location Type: Hybrid

Location: Boston • Colorado, Illinois, Massachusetts, New York • 🇺🇸 United States

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Salary

💰 $105,000 - $120,000 per year

Job Level

Lead

About the role

  • The Director of Private Funds works closely with the investment team, private fund administration team, operations and our external custodian partners to become the subject matter expert on the administrative processes for alternative investments.
  • This role is responsible for development and maintenance of Alternative Investment administrative process training as well as to support the client service teams to effectively service their clients.
  • Work closely with investment team, operations and private funds team to understand the processes and requirements for alternative investment products.
  • Subject matter expert for private placement memorandum procedure (suitability & distribution), subscription documents (procedure for submission, completion and supporting documentation requirement), and post-trade support (capital call processing, asset booking and pricing).
  • Develop and maintain educational and training materials for all products.
  • Host regular training sessions and is an available resource for the relationship management teams to provide on-going support.
  • Continuously engage external custodian partners to understand paperwork and processing requirements for new alternative investments, additional purchase and transfer requests.
  • Research, follow-up and assist with the resolution of inquiries and problems through effective interaction with custodial partners, relationship management teams, and private fund & operations departments in a timely and professional manner.
  • Participates in ongoing process improvements based on specialized skills, knowledge, and experience.
  • Participate in other duties as requested.

Requirements

  • Bachelor’s degree with 4 - 6 years of previous professional experience in finance , fund administration, alternative asset trading platforms, or investor relations preferred
  • 3 – 5 years of financial industry experience.
  • Client servicing experience preferred.
  • Knowledge of trusts and various investment account registration types.
  • High level of comfort communicating directly with relationship management teams.
  • Understanding of or aptitude & ability to learn about alternative investments and the impact on processing and the client experience.
  • Experience completing private placement subscription documents and KYC/AML procedures preferred.
  • A genuine desire and capability to work in a professional and inclusive environment which requires teamwork, exceptional problem-solving skills, frequent re-prioritization , ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.
  • Strong organizational skills necessary to manage working with multiple relationship management teams at once.
  • Ability to work independently and be self-motivated, but also able to collaborate with other departments and client service teams as needed.
  • Follow-up skills essential.
  • Excellent written and oral communication skills.
  • Ability to multi-task and manage priorities effectively with minimal direction.
  • Capacity to adapt to a rapidly changing business and technology environment.
  • Ability to learn proprietary software and databases.
  • Highly proficient user of Word, PowerPoint, Outlook, Adobe Acrobat and Excel.
Benefits
  • Medical
  • Dental
  • Vision
  • Health Savings Account
  • Life Insurance
  • Disability
  • Other Insurance Plans
  • Paid Time Off (including Sick Leave, Parental Leave and Vacation)
  • Holidays
  • 401(k)
  • Other special perks

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
alternative investmentsprivate placement memorandumsubscription documentscapital call processingasset bookingpricingKYC proceduresAML proceduresfund administrationalternative asset trading platforms
Soft skills
client servicingproblem-solvingcommunicationteamworkattention to detailorganizational skillsself-motivationcollaborationmulti-taskingadaptability