Job Description

Analyst/Associate In Global Credit Financing

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.

What You'll Be Doing

As an Analyst/Associate in Global Credit Financing, you will be a critical team member that supports a multi-billion dollar book of securities financing transactions. This role will take leadership and initiative in managing various forms of risk including liquidity, credit, and interest rate risk generated from client-focused financing transactions. You will also be responsible for introducing new trading strategies and product suites to our clients, liaising with Sales, Risk, Treasury and other Stakeholders in the process of modernizing the US financing platform. You will be part of a global team of dynamic, hardworking, production focused team-players based in Toronto, NY, and London.

How You'll Succeed

The successful candidate will be accountable for the following core responsibilities:

• Drive revenue growth in the NY GCF structured credit financing business through our Insurance, Asset Manager and Hedge Fund clients
• Risk manage Structured Product financing positions and negotiate deal terms: calibrate security haircuts, margin mechanisms and term profile to drive revenue and balance sheet and regulatory capital returns
• Back up senior CLO investment trader and perform analytics on AFS and HTM CLO portfolios
• Strong knowledge of identifying and managing risk exposure
• Implement portfolio monitoring strategies and deal due diligence for credit financing opportunities
• Fundamental background with OFSI regulatory and capital control that governs Canadian bank regulatory policies
• Optimize constrained resources, including but not limited to; balance sheet, funding, capital, collateral etc.
• Identify areas of improvement in existing processes and build strong supporting infrastructure
• Build and develop relationships with clients, internal risk teams, operations and treasury
• Liaise with senior risk management on credit financing approval requests and lead risk management on portfolio monitoring and review
• Facilitate and manage funding transactions for the bank's USD fixed-income credit portfolio
• Maintain and relay prevailing market trends and risk positions to distribution or broader Global Markets team
• Work effectively within CIBC's corporate governance practices and policies to ensure that all potential risks are appropriately addressed and that CIBC legal/reputational issues and shareholder objectives are covered

Who You Are

• Junior-level industry related experience in a buy-side or sell-side role with a focus on structured credit financing transactions, particularly with assets such as CLO, ABS, CMBS and RMBS. Prior work experience considered an asset but not necessary.
• SIE, Series 7 and 63 would be considered an asset but not necessary (will be required for the role).
• A bachelors degree in a related field (Finance, Economics, STEM, etc.)
• Knowledge in financing structures including repurchase agreements, total return swaps, and other financing channels would be considered an asset.
• Knowledge of the US funding market and collateral management considered an asset.
• Proficiency in at least one major programming language and strong Excel skills considered essential.
• Superior business planning and management skills.
• Demonstrated commitment to client satisfaction.
• Ability to work under pressure.

Working Conditions

• This role operates within a normal office environment with little exposure to adverse working conditions.
• Open concept trading floor environment with exposure to noise and distractions.
• Often required to work beyond normal business hours.
• This role may require moderate to frequent domestic and international travel.

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*, 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.
• 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 tests (such as simulation, coding, MS Office). 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

NY-300 Madison Ave., 5th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Business Direction, Business Finance, Client Service, Communication, Data Analysis, Equity Derivatives, Finance, Global Market, Interest Rate Derivatives, Market Analysis, Market Trading

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