Associate, Corporate Banking Jobs

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 Associate for Trading Credit provides analytical and research support to the professionals in the Trading Credit team. The Trading Credit 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, hedge funds and insurance companies within the US.

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

• Assist 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
• Complete specific tasks including financial statement and data analysis, financial modeling and industry research. Associates develop their skills through on the job training, mentoring and industry training
• Assist with due diligence activities and supports senior bankers with regard to activities of many parties, including Legal and Documentation
• Provide a broad range of analytical and research support to all the professionals within the Trading Credit team.
• Build and maintain relationships with CIBC World Markets marketers/traders, and responds quickly to requests for credit facilities from the trading floor
• Appropriately identify any relevant changes in the financial condition/business of a client
• Provide 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
• Ensure that the portfolio meets with appropriate risk management guidelines and remains current with the changing methodologies

Who You Are

• Financial modeling experience is a plus
• Strong undergraduate (business) degree required and 1-5 years related experience. Post-graduate degrees, such as a CFA, MBA are viewed favorably, but are not essential
• Sophisticated analytical skills including extensive experience in analyzing financial statements in order to assess credit risks
• Solid understanding of specific industry, including fundamental market factors, and capital markets activity and influences
• Unquestioned professionalism, ethics and reputation. Approach to the workplace that is based on open communication and a team atmosphere
• 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
• Strong Excel skills are a must
• Broad working knowledge of derivatives and other trading floor products preferred
• Well-developed problem-solving and decision-making skills
• Understanding of the credit risks associated with trading floor business products preferred

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 health benefits program, , 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.

Conduct and Culture Risk

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:

• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
• Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
• 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
• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements

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, New York 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 deta

What You Need To Know

• 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.
• 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 [email protected]

Job Location

NY-300 Madison Ave., 6th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Banking