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:
Primary responsibilities of the Portfolio Director, Global Credit Finance ("GCF") include being a key member of a team that manages a multi-billion dollar portfolio of collateral assets comprised of Middle Market and Broadly Syndicated Loans, both as administrative agent and a participant lender. In this role, you will be responsible for fundamental credit analysis of loans, collateral asset-level approval for lender finance facilities and portfolio management activities, including interacting with third party data collection vendor and internal portfolio management system. You will be part of a tight-knit deal team that provides financing facilities to marquee private lenders, large asset managers and sophisticated pension clients. The Portfolio Director will also work with Clients, Sales/Distribution, Risk, Treasury and other Stakeholders in the screening process for new client collateral finance trade opportunities. The Portfolio Director will be based in New York and will be part of a global team of dynamic, hardworking, production focused team players based in Toronto, New York, and London
How You'll Succeed:
Contribute to growth in the GCF credit financing business for our Private Credit, Asset Manager and Pension clients.
Make recommendations on pursuing new BSL/Middle Market Private Credit loan financing mandates.
Approve or escalate credit assets for inclusion in existing facilities in accordance with established procedures.
Provide a view on initial loan asset marking and monitor a portfolio of loans to ensure marks remain appropriate in accordance with terms of loan documents.
Conduct more detailed fundamental credit analysis of higher risk collateral assets.
Complete periodic portfolio reviews for existing transactions.
Manage day-to-day execution of a combination of agented loan facilities and participation facilities. Ensure borrowers remain in compliance with terms of loan documents and required collateral reporting is received as agreed.
Remain current on industry and economic developments to understand potential impact on portfolio loans.
Work in the spirit of transparency and collaboration with our partners in Capital Markets Risk Management, Treasury, Accounting, Tax and Legal.
Demonstrate a keen understanding of current and developing regulatory issues, as well as CIBC policies, guidelines and procedures.
Work effectively within CIBC's corporate governance practices and policies to ensure that all potential risks are appropriately addressed and that CIBC legal/reputational issues and shareholder objectives are covered.
Who you are:
Minimum 5+ years related experience in lender finance, corporate lending, leveraged finance, corporate finance, risk management or credit portfolio management.
Working knowledge of leveraged lending and lender finance loan structures and related loan documentation.
Familiarity with technology applications, including Python, SQL and VBA is an asset.
Familiarity with loan warehousing and CLO structures is an asset.
Familiarity with third party vendor products for the lender finance industry is an asset.
Superior communication and time management skills.
Demonstrated commitment to client satisfaction.
Enthusiasm for learning new things and being part of a dynamic, growth-oriented team
Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
Working Conditions:
This role operates within a normal office environment with little exposure to adverse working conditions.
Open concept trading floor environment with exposure to noise and distractions.
Often required to work beyond normal business hours.
This role may require occasional domestic and international travel.
LI-TA
California residents - your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $225,000 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, 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
Accountability, Accounting, Analytics Insights, Business Direction, Client Service, Collaboration, Compensation Plans, Corporate Finance, Finance, Global Market, Hiring, Marketing Strategies, Portfolio Management, Sales, Structured Products
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.
