Senior Associate, Innovation Banking

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

Business Unit Description

CIBC Innovation Banking partners with entrepreneurs and their investors to help them achieve their ambitions each and every day. With a coast to coast market presence in Canada and the United States, we strive to make capital accessible so that leaders driving our innovation economy forward can thrive.

We recognize that companies in the innovation economy have unique financing requirements during their growth cycle. Our specialized team leverages their industry knowledge and extensive deal experience to offer tailored venture debt, growth capital, and leveraged lending to further accelerate the strategic plans of high growth tech and life science companies across North America, United Kingdom and select European countries.

The Innovation Bank’s Life Science and Healthcare team, based in Menlo Park and Boston, focus on partnering with HealthTech, medical technology, diagnostics/tools, and tech-enabled service companies and their investors at every stage of the business life cycle.

Our creative approach forges meaningful relationships with world-class investors, executives, and key opinion leaders. The Innovation Bank’s culture empowers each team member with countless professional development opportunities, all rooted in our entrepreneurial mindset and subsector industry expertise.

What You’ll Be Doing

The Associate's primary responsibilities will be participating in all aspects of the investment process, from initial screening and due diligence, through approval, documentation, and post-investment monitoring. The role will encompass extensive interaction with a wide-range of North American based companies backed by industry leading venture capitalist, private and public equity investors.

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

• Seeking to become trusted advisor through regular client contact and relationship building
• Serving as integral member of the investment team - identifying material risks, potential mitigants, and actively participating in candid transaction dialogue focused on delivering for our clients
• Performing deal evaluation, due diligence, industry/comparable company analysis, financial modeling, and legal documentation
• Assessing investment opportunities in the Life Science and Healthcare sectors
• Maintaining and developing client relationships, exploring opportunities to provide additional credit and non-credit services
• Monitoring market trends and closely tracking the portfolio macro and micro dynamics
• Partnering with cross-functional teams throughout the firm to enhance CIBC’s functional capabilities

Who You Are

• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
• Bachelor's degree; MBA or CFA encouraged but not required
• Good communication, interpersonal & team skills
• You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
• 2-4 years of professional experience, ideally healthcare investment or commercial banking, consulting, or related industry experience
• Must be highly motivated, perseverant and resilient in pursuing objectives despite challenges
• Competency in financial statements analysis and modeling, financial accounting, and capital structure optimization
• Possess mature business judgment and be proactive, well organized and results-oriented
• Must have ability to travel as needed
• Effective written and verbal communication skills
• Analytical approach with strong attention to detail and ability to adapt to changing demands and requirements in a fast-paced environment
• Understanding of U.S. healthcare regulatory system fundamentals and innovative frameworks driving a transition to value-based care models
• Self-starter with a proven ability to manage multiple priorities and to work independently
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.
• You’re digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

What CIBC Offers

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a health benefits program, defined benefit pension plan, 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.
• 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.

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:

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

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 [email protected]
• 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

MA-100 Federal Street, 19th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Banking