What are the responsibilities and job description for the Associate, Asset Backed Securitization position at CIBC?
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.
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What You’ll Be Doing
As a member of the Asset Backed Securitization (“ABS”) team, you’ll support the origination, structuring and execution of securitization products within the CIBC Global Credit Financing (“GCF”) business. The Associate’s mandate is to provide exceptional service and support to Securitization, CIBC internal partners, and external clients, as they engage in activities that will help support the growth of the U.S. Securitization business at CIBC.
CIBC’s GCF team 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 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 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. With a strong focus on expanding our presence in the US market, our vision is to be our clients’ preferred capital markets banking partner across multiple products and services.
How You’ll Succeed
- Support the origination, execution, and syndication activities related to the Term ABS portion of the business.
- Collaborate with team members on various securitization activities, including ABS financing transactions.
- Prepare client presentations and data modeling.
- Assist in transaction support activities to help team members win and execute mandates.
- Relationship building - Work in deal teams to originate and execute on transaction mandates. This will include global interaction with other areas of the trading floor including structured products sales, trading, derivatives, and other capital markets areas at CIBC. This will also include interaction with the client, external rating agencies, investors, and other CIBC partners including Treasury, Risk Management, Finance, Legal, and Compliance. 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.
- Risk management - Evaluate collateral pools, legal agreements and transaction structures to identify risks and required mitigants.
- Financial modeling - Create and conduct financial modeling tasks for the deal team, including reporting on modeling results and making them understandable and presentable to clients.
- Client engagement - Prepare presentations and conduct research on clients to assist senior team members in securing new mandates, which will involve researching, collecting, analyzing and organizing information in a manner that is presentable to clients.
Who You Are
- You have an undergraduate degree in Finance, Business, Economics, Science, Technology, Engineering or Math. Alternatively, you hold an undergraduate degree in another discipline along with an MBA or a Master’s degree in Finance, Economics, or a directly related field.
- You can demonstrate at least 3 years of directly related experience, particularly in corporate finance theory, financial analysis, and valuation techniques.
- You possess strong writing and oral communication skills, with the ability to explain detailed financial analysis.
- 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, PowerPoint, and experience with Bloomberg.
- Values matter to you. You bring your real self to work and you embrace our values – trust, teamwork and accountability.
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At CIBC, we offer a competitive total rewards package. This role has an expected base salary range of USD$150,000 – 175,000 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 contactMailbox.careers-carrieres@cibc.com
- 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
Analytics Insights, Business Direction, Client Service, Corporate Finance, Finance, Financial Analysis, Global Market, Marketing Strategies, Portfolio Management, Sales, Structured ProductsSalary : $150,000 - $175,000
