Analyst/Associate, Specialized Credit Group recruitment

BUSINESS UNIT DESCRIPTION

CIBC World Markets is the wholesale and corporate banking arm of CIBC, providing corporate, government, and institutional clients with innovative solutions to help them raise capital, and grow and invest actively throughout North America and key financial centres around the world. To deliver on its mandate to be the premier client-focused wholesale bank in Canada, CIBC’s wholesale banking business focuses its strengths to deliver outstanding service and value to its clients. Our mission is to bring Canadian Capital Markets products to Canada and the rest of the world, and also bring the world to Canada.

Through industry specialty groups (including energy, real estate, media and telecommunications, mining, forest products, financial institutions and diversified industries), Corporate Credit Products (CCP) is responsible for originating, structuring, syndicating, and managing investment and non-investment grade credit-related products for CIBC wholesale banking’s corporate clients. CCO professionals work closely with Investment Banking, Mergers and Acquisitions, Equity Capital Markets, Merchant Banking and Capital markets in providing financing solutions to our clients.

JOB PURPOSE

The Analyst for the Specialized Credit Group provides analytical and research support to the professionals in the Specialized Credit Group (SCG) team. The SCG team manages the credit relationships for a portfolio of complex, demanding accounts, often involving a high level of profile within the Bank in a variety of industry segments. The role is located within the non-bank financial institutions section, which includes broker-dealers, asset managers, pension funds and investment funds in North America.

KEY ACCOUNTABILITIES

• Provides a broad range of analytical and research support to all the professionals within the SCG team and support a wide range of clients

• Completes specific tasks including financial statement and data analysis, financial modeling and industry research. Analysts develop their skills through on the job training, mentoring and industry training

• Builds and maintains relationships with CIBC World Markets marketers/traders, and responds quickly to requests for credit facilities from the trading floor

• Assists in the on-going monitoring of credit quality and global credit exposure of the portfolio by remaining current with counterparty’s financial condition, industry and economic trends

• Appropriately identifies any relevant changes in the financial condition/business of a client

• Assists with due diligence activities and supports senior bankers with regard to activities of many parties, including Legal, Documentation and Corporate and Commercial Adjudication (CCA)

• Provides sound, timely, and well-communicated recommendations for credit facilities supported by a thorough analysis and well-executed interpretation of relevant financial, industry, business, and market information

• Ensures that the portfolio meets with appropriate risk management guidelines and remains current with the changing methodologies

CROSS-FUNCTIONAL RELATIONSHIPS

• Builds and maintains relationships with CIBC World Markets marketers/traders, and responds quickly to requests for credit facilities from the trading floor

• This job supports senior bankers with regard to activities of many parties

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.

AUTHORITIES/DECISION RIGHTS 

JOB DIMENSIONS

• Enterprise-wide accountability

• Global responsibility

• Must maintain a high level of knowledge of derivative and other trading floor business products, and partner with trading floor personnel to deliver timely results for clients

• Must be able to assess factors which affect the risk profile of a customer quickly in order to make timely decisions and take appropriate action as necessary

• Work within a challenging, fast paced environment where time pressures demand a rapid response to requests from the trading floor for trading authorization

• Focused attention to detail when reviewing financial information and preparing credit applications

• Work in a dynamic team environment where sharing of skills and knowledge is critical

KNOWLEDGE AND SKILLS

• Strong undergraduate (business) degree required and up to 3-7 years related experience. Post-graduate degrees, such as a CFA, are viewed favorably, but are not essential

• Unquestioned professionalism, ethics and reputation. Approach to the workplace that is based on open communication and a team atmosphere

• Broad working knowledge of derivatives and other trading floor products preferred

• Understanding of the credit risks associated with trading floor business products preferred

• Solid understanding of specific industry, including fundamental market factors, and capital markets activity and influences

• Sophisticated analytical skills including extensive experience in analyzing financial statements in order to assess credit risks

• Ability to research and monitor large volumes of information from various sources, gather data and perform analyses on an ongoing basis

• Excellent oral and written communication skills to effectively communicate complicated concepts and financial data to senior management

• Excellent organizational and time management skills to deal with multiple and sometimes conflicting demands and time constraints. Excellent adaptability and flexibility to deal with a rapidly changing environment

• Well-developed problem-solving and decision-making skills

• Solid Excel skills

WORKING CONDITIONS