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CIBC

Senior Director, International Tax

Posted 2 Days Ago
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In-Office
Toronto, ON, CAN
Senior level
In-Office
Toronto, ON, CAN
Senior level
Provide strategic international tax leadership for cross-border planning, modeling and compliance. Advise on capital structures, repatriation, withholding and PE risks; manage audits and disputes; collaborate with treasury, legal and transfer pricing teams; automate planning models; represent the bank in industry forums; and mentor the international tax team.
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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 CIBC.com

What you'll be doing

The Senior Director, International Tax is a key leadership role within CIBC’s Finance function. Reporting to the VP, International Taxation and Transfer Pricing, this role offers the opportunity to influence enterprise-wide decisions by providing strategic international tax guidance on a wide range of business initiatives such as market expansion, capital deployment and operational transformation initiatives.  This role requires strong technical expertise in the international taxation, thought leadership, and the ability to collaborate across functions and geographies to ensure effective structuring and execution of initiatives in alignment with business objectives and regulatory requirements.

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 1-3 days per week on-site, while other days will be remote.

How you'll succeed

  • International Tax Strategy/Leadership - Lead the design, implementation of cross-border planning strategies in collaboration with external advisors, business leaders and stakeholders across the enterprise. Lead the development and automation of sophisticated international tax planning models that enable leadership to rapidly evaluate strategic alternatives, quantify impacts, and support informed decision-making across business expansion, restructuring, M&A and financing. Design capital structures for foreign entities that balance regulatory, funding, and tax objectives, including development of repatriation strategies (dividends, returns of capital, share redemptions, interest, royalties) that optimize returns, considering exempt/taxable surplus, foreign tax credits, withholding tax, and FX impacts. Assess and manage permanent establishment (PE) risks for cross‑border activities, recommend branch vs. subsidiary structures, consider employment tax and mobility implications to avoid unintended Pes.  Advise on non‑resident withholding tax implications for dividends, interest, royalties, services, and guarantee fees. Collaborate with transfer pricing, indirect tax and compliance teams across CIBC to ensure that business initiatives, projects and legislative changes affecting CIBC are properly reported for tax purposes. Advise on non‑resident withholding tax implications for dividends, interest, royalties, services, and guarantee fees. Collaborate with transfer pricing, indirect tax and compliance teams across CIBC to ensure that business initiatives, projects and legislative changes affecting CIBC are properly reported for tax purposes. Represent CIBC in industry forums and advocate for the bank’s interests in tax policy discussions.
  • Stakeholder Management - Partner cross-functionally with treasury, legal, corporate development, and business unit leadership to align tax outcomes with enterprise objectives. Build strong relationships with internal stakeholders, external advisors, and tax authorities. Provide proactive stakeholder education on international tax developments affecting foreign operations and translate technical changes into actionable business guidance.
  • Planning and Compliance - Lead Canadian foreign affiliate regime planning, including surplus tracking (exempt, taxable, hybrid surplus), FAPI analysis and mitigation, upstream loans, and ACB adjustments on FA shares and reorganizations. Manage audits and disputes relating to cross‑border matters and coordinate strategy with local advisors and tax authorities to resolve controversies efficiently. Provide proactive stakeholder education on international tax developments affecting foreign operations and translate technical changes into actionable business guidance. Stay abreast of changes in international tax legislation and administrative practices, proactively assessing their impact on CIBC and communicating relevant updates to stakeholders.
  • People Management - Mentor and develop team members, fostering a culture of continuous learning and professional growth within the international tax function.

Who you are

  • You can demonstrate 7 or more years of Canadian international tax work experience with a specialization in outbound taxation. Exposure to the financial services industry is as an asset however, consideration will be given to candidates who have a strong interest and desire to learn the financial services business. In addition, you have strong presentation/ business interaction skills, including excellent research and analysis and advanced problem-solving skills and ability to implement the solutions. You are results-oriented, self-motivated, proactive and have a proven ability to work independently. You are focused, thorough and disciplined in approach, as well as decisive, confident and comfortable working closely with and collaborating with business partners. 
  • You are a certified professional. You have current accreditation and good standing in the Chartered Professional Accountant (CPA) designation (preferably CPA, CA) or Master’s degree in Taxation, tax law, or related field, or a tax lawyer.  In addition, you have completed Levels I and II of the CPA Canada In-Depth Tax Course. Completion of the In-depth International Tax course is preferred.
  • You understand that success is in the details. 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.
  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

#LI-TA

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 [email protected]

  • 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-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Compliance Oversight, Financial Reporting and Analysis, Leadership, People Management, Regulatory Requirements, Tax Advising, Tax Audits, Tax Law, Tax Planning
HQ

CIBC Toronto, Ontario, CAN Office

Square, 81 & 141 Bay, Toronto, Ontario, Canada

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