• Job Description

  Req#: 2405824

  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

  STRATEGIC BUSINESS UNIT DESCRIPTION

  The Capital Markets arm of CIBC provides integrated capital markets products, investment banking advisory services, corporate lending and top-ranked research to corporate, government, institutional and retail clients around the world. Our goal is to be the leading Capital Markets franchise in Canada and the lead relationship bank for key clients globally. CIBC Capital Markets consists of three lines of business; Global Markets, Global Investment Banking and Corporate Banking.

  JOB PURPOSE

  To develop and execute highly-customized capital markets transactions for CIBC’s corporate clients (including financial institutions). These transactions will be structured to achieve specific client objectives including cost minimization, favorable capital, tax and credit ratings treatments, and active balance sheet management. Transactions may carry elements of equity, debt, securitization and derivatives. As well be responsible for mobilizing the team and bringing together a deal to build transaction ideas for each client.

  Global Credit Financing (GCF) is a financing business focused on the origination, 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 Resource Management Group (GMF-RMG) 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 help originate and structure U.S. residential mortgage financing and ultimately help execute residential mortgage-backed securities (RMBS) securitizations. The role operates in a fast-paced trading floor environment. The incumbent’s mandate is to focus on activities that will help drive the growth of the GCF business in the US.

  KEY ACCOUNTABILITIES

  • Responsible for helping with the growth of the desk’s strategy and efforts by developing and executing strategic plans to expand our product market-share and develop potential new products
  • Initiate and manage the execution of structured transactions, evaluating and prioritizing transactions based on the rate of return on regulatory capital, probability of closing, ease of repeat transactions, and number of potential alternative applications.
  • Monitor competitor activities, market conditions and report significant developments to relevant stakeholders
  • Partner with internal and external clients to understand their objectives, identify and analyze the risks they face
  • Work in tandem with structured marketers to identify specific client needs and opportunities and to build sector strategies.
  • Improve CIBC’s ability to quickly respond to opportunities by developing transaction templates and seeking internal approvals for transactions, freeing marketers from labor-intensive product development responsibilities.
  • Work effectively within CIBC’s corporate governance practices and policies (Risk Management, Finance, HR, Legal and Compliance) to ensure compliance with CIBC’s Governance and Control Framework and regulatory requirements.

  KNOWLEDGE AND SKILLS

  • In depth understanding of fixed income markets and bond fundamentals with demonstrated expertise in the U.S. residential mortgage market;
  • Expertise in the RMBS, CLO, and CMBS market will also be an asset;
  • 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. This role has an expected salary range of $400,000 for 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 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.

  Job Location

  NY-300 Madison Ave., 5th Floor

  Employment Type

  Regular

  Weekly Hours

  40

  Skills

  Business Finance, Capital Markets, Equity Funding, Financial Analysis, Global Market, Investment Strategies, Market Intelligence, Market Trading, Research Reporting, Results-Oriented, Strategic Research

• 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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