Director, ABS Financing, Global Markets (VP Level) (New York)

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 Capital Markets arm of CIBC provides corporate, government and institutional clients with innovative solutions to help them raise capital, grow and invest actively throughout North America and key financial centers around the world. Our vision is to be our clients’ preferred capital markets banking partner across multiple products and services.

Global Credit Financing (GCF) is a financing business focused on the origination, asset financing, and securitization activities of various debt based products for the Bank’s core clients. GCF is a product vertical under the Global Markets Financing and Financial Resource Management (GMF-FRM) which manages the allocation, deployment, and optimization of financial resources such as capital and balance sheet on behalf of and across the Global Markets Division.

The successful candidate will support the origination, structuring and execution of.

US asset-backed securitization (ABS) financing activities, and will play a key role in the build-out of CIBC’s US ABS franchise. The role operates in a fast-paced trading floor environment as part of a dynamic and hardworking Securitization team. The incumbent’s mandate is to focus on activities that will help support the growth of the ABS financing business at CIBC. This includes: client presentations, data modeling and other transaction support activities that assist GCF in winning and executing mandates.

How You’ll Succeed

• Client and Transaction Origination - Prepare presentations and conduct research on clients and liaise with the MD, US ABS Financing to help source new transactions and GCF clients for CIBC. Work closely with the various Global Markets teams as well as Investment Banking, Corporate Banking and Commercial Banking on exploring opportunities, developing market views, and bringing deals to the public or private markets.

• Transaction Execution - Lead deal teams that structure, execute and monitor securitization financing transactions in the US, which will entail:

  • Structuring and modeling the transactions – guide junior team-members in creating and conducting financial models, including reporting on modeling results and making them understandable and presentable to internal and external stakeholders;

  • Reviewing and commenting on legal agreements;

  • Completing due diligence on clients and transactions to help understand and mitigate risks;

  • Working with rating agencies, as required, to get the transactions rated;

  • Obtaining any necessary internal approvals; and

  • Monitoring of transaction performance post-closing

• Relationship building – Interact and build relationships with other areas of the trading floor including derivatives, fixed income trading, money markets, and debt syndication. Additionally, excel at building relationships with clients, external rating agencies, and other CIBC partners including Treasury, Risk Management, Finance, Legal, Compliance, Tax.

• Risk management - Evaluate collateral pools, legal agreements and transaction structures to identify risks and required mitigants.

Who You Are

• You have an Undergraduate University degree or MBA/Masters in Finance, Commerce, Science, Technology, Engineering or Math.

• You can demonstrate 5+ years of related securitization experience or demonstrated ability to perform the role. Strong writing and oral communication skills, incorporating the ability to explain detailed financial analysis. Knowledge of corporate finance theory, financial analysis and valuation techniques.

• You act like an owner. A results-oriented self-starter who will show a keen interest in the Securitization business.

• You’re motivated by collective success. Team player who excels at working collaboratively with others in a group setting.

• You know that details matter. Proven ability to pay close attention to detail and execute transactions within tight timeframes with an analytic/systematic approach. Strong attention to detail and ability to multi-task. Efficient organizational skills to respond to shifting priorities on several simultaneous transactions.

• You give meaning to data. Strong technical/computer and analytical skills, including high proficiency in Excel and PowerPoint.

• Values matter to you. You bring your real self to work and you embrace our values – trust, teamwork and accountability.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

KNOWLEDGE AND SKILLS

• In depth understanding of fixed income markets and bond fundamentals with an emphasis on securitization;

• Team player who excels at working collaboratively with others in a group setting;

• Strong oral communication skills, incorporating the ability to explain detailed financial analysis;

• Strong client relationship skills, with a demonstrated ability to foster and grow deep relationships with both issuer and investor clients;

• Strong attention to detail and ability to multi-task; and

• Efficient organizational skills to respond to shifting priorities on several simultaneous transactions.

WORKING CONDITIONS

• This role operates within a normal office environment;

• Open concept trading floor environment with exposure to noise and distractions;

• Ability to handle tight deadlines and heavy workload, the result of which is the requirement to work outside normal business hours;

• Ability to travel for work as required to support the origination and execution of mandates with clients; and

• Required to make frequent decisions in a fast paced work environment.

At CIBC, we offer a competitive total rewards package. The Director role has an expected base salary of USD$200,000 in the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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. 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.

• 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

Analytical Thinking, Capital Markets, Client Consultations, Financial Markets, Financial Modeling, Global Market, Investments, Market Trading, Researching #J-18808-Ljbffr