• Job Description

  Req#: 2406595

  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 Securitization & Structured Products Administration Group provides operational support for the Canadian Securitization Group of CIBC Capital Markets. SSPA currently employs approximately 20 staff across various functional groups that provide ongoing support for all aspects of our securitization programs.

  You will work under the direction of the senior members of the team, and in a dynamic and growing industry where demands are high, there will be ample opportunities for the applicant to learn and grow.

  This is a challenging position that requires the applicant to operate effectively under pressure. Due to the constantly changing business environment and complex nature of these products, the applicant must be flexible, adaptable, willing to learn, open to changes and be able to work independently at times with minimal supervision.

  At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

  How You’ll Succeed

  You will perform a key role in the Securitization & Structured Products Administration Group (“SSPA”). This team is responsible for a variety of key functions including:

  • Securitization - Review or assist in the setup of new securitization conduits/programs. Operationalize new securitization transactions, including documentation and structural review. Develop and / or review the setup of monthly portfolio reporting templates and settlement models for new securitization programs.

  • Prepare Reports - Ensure that portfolio reports and settlement models reflect the requirements of the program’s legal documentation. Prepare and / or review daily funding requirements, daily cash reconciliations, monthly program cash settlements, and portfolio monitoring of all securitization programs. Prepare and / or review monthly reporting to rating agencies, investors and internal management reporting.

  • Annual Review - Prepare and / or review annual credit risk reviews for each program, monitoring limits and ensuring exposures are within thresholds.

  • Relationship Building - Develop and maintain strong relationships with securitization clients and front office structuring team to ensure a clear understanding of the administration requirements and ensure timely and effective resolution of issues that may arise.

  • Collaboration - Liaise and work alongside all functional groups within SSPA and participate as an active member of the team. Participate in special projects from time to time, as required.

  Who You Are

  • You can demonstrate experience and / or a degree in Business/Economics / Finance/ Accounting. You have Understanding of Securitization; Understanding of loan products (mortgages, auto loans/leases, credit card debt, lines of credit); Understanding of interest rate derivatives.

  • You’re digitally savvy. You are Proficient with Microsoft applications, particularly Excel, Word and Teams.

  • You are a strong communicator. Service oriented with excellent communication (verbal and written) and interpersonal skills to deal effectively with various stakeholders.

  • You know that details matter. You have the proven ability to pay close attention to detail. Track record of meeting critical deadlines.

  • You act like an owner. You can think and act independently to resolve issues with minimal supervision. You can discern the need to escalate issues to senior team members. You have strong sense of ownership, ability to accept responsibility. You are organized, responsible, and dedicated Analytical/Systematic thinker; Service and results oriented.

  • You embrace and advocate for change. You frequently question the status quo of existing processes and thinking of ways to improve upon them.

  • 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*, 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 Mailbox.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, French proficiency, 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

  Toronto-161 Bay St., 9th

  Employment Type

  Regular

  Weekly Hours

  37.5

  Skills

  Analytical Thinking, Auditing (Inactive), Business Effectiveness, Capital Markets, Client Onboarding, Client Relationship Management, Customer Experience (CX), Detail-Oriented, Strategic Initiatives, Teamwork

• About the company

  The Canadian Imperial Bank of Commerce, commonly referred to as CIBC, is one of the "Big Five" banks in Canada.

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