Job Information
CIBC Associate, Loan Syndications, Corporate Banking in New York, 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 (https://www.cibc.com/en/about-cibc.html)
What You’ll Be Doing
The Associate will be responsible for supporting
Primary Market Business: the origination, structuring and distribution of underwritten and arranged syndicated credits within identified industry portfolios in the corporate bank’s loan portfolio in the US and
Secondary Market Business: coverage of >200 commercial bank as well as numerous non-bank investors in the loan market to facilitate purchases and sales for the bank’s portfolio, enhancing capital efficiency and maximizing loan portfolio profitability.
Analysis of the financial markets generally and loan markets specifically, financing trends, deal database management, investor database management, and other related subjects will be key to the Associate’s daily duties, as will contributing to client pitches and internal presentations and internal as well as external reporting.
The Associate will participate in the development and execution of overall business strategies.
The Associate will be flexible to work hours as needed to help deliver a great client experience, which may include evenings and weekends. 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.
Business Unit Description
Loan Syndications (“LSG”) US includes syndicate and sales functions and is CIBC’s face to the loan market, providing (i) market information , (ii) investor coverage and (iii) arranging, underwriting and distribution capabilities in order to serve CIBC clients’ capital raising needs.
Syndicate : LSG provides loan market and deal-specific analysis and advice to (i) facilitate CIBC’s loan investment decision making, (ii) mitigate market risk when providing underwritings, (iii) enhance risk-adjusted returns on capital and (iv) support capital rotation.
Distribution: LSG maintains strong relationships with loan market investors globally and distributes all CIBC-originated loans in the primary market. Through its secondary market execution capabilities, LSG is a (i) provider of liquidity and capital relief, (ii) sourcer of new business opportunities and (iii) facilitator of active portfolio management. LSG facilitates secondary market information flow and executes purchases and sales.
These activities support CIBC's leading position in the loan markets as an advisor and debt arranger for core clients, both for corporate and structured financings. The objective of these activities is to mitigate market risk and enhance risk-adjusted returns on capital and facilitate active portfolio management, optimizing execution in the market for CIBC and its clients.
LSG’s strong investor relationships are an integral part of the “cross-sell value chain”, adding to the bank’s capability to underwrite and lead financings (the originate-to-distribute strategy), providing deeper client penetration and the ability to pursue additional fee opportunities across products and geographies.
How You’ll Succeed
Researching and monitoring primary and secondary loan market trends including structural and price trends, investor behavior and other financial market metrics and incorporate same into financing proposals for issuers as well as communicate these effectively both to internal and external clients
Researching and monitoring client-/borrower- as well as industry-specific credit and business trends both for structuring new loan proposals and client pitches as well as for responding to investor due diligence questions, both in primary distribution and for secondary market sales
For loan underwritings , the Associate supports the creation of a situation appropriate market risk analysis (the Loan Underwriting Committee Assessment), including supporting data, liquidity analysis, comparable transaction analysis, an analysis of prevailing market conditions, helping craft risk mitigation strategies and distribution options for achieving CIBC’s Sell-Down Target
Reviewing information memoranda, proposals and presentations, helping prepare new business (“Global Deals Committee”) memos and underwriting proposals
Maintaining databases of loans and loan investors and ongoing contact with loan investors
Supporting the organization and management of deal launches, bank meetings and marketing events
During primary distribution phases of syndications, helping research and answer investor questions
During secondary closing processes, supporting the timely and efficient closing of purchases and sales
Who You Are
Degree in Economics, Accounting, Finance or related field
Minimum 3 years related experience
Demonstrated knowledge of capital markets, investment banking, private/public debt and equity capital markets, trade finance, foreign exchange, commercial paper, securitization and financial products
Well-developed knowledge of corporate credit, experience in analyzing credit proposals and modeling, excellent understanding of financial statements and accounting principles
Excellent English written and verbal communication skills, foreign languages a plus
Excellent presentation skills, ability to create and maintain good relationships with clients and market peers
Ability to work in a results oriented team, centered on clients
Able to deal professionally with complexity under tight deadlines
Well-developed organizational skills in order to respond to shifting priorities on several simultaneous projects
Ability to operate Microsoft Office software, particularly Word, Excel and PowerPoint
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
Conduct and Risk Culture
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same
Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000-$170,000 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.
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
NY-300 Madison Ave., 8th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Business Development, Customer Experience (CX), Financial Modeling, Financial Statement Analysis, Portfolio Management, Researching
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.