Director, Global Markets (VP Level)

CIBC•New York, NY

4d•Onsite

About The Position

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: 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.

Requirements

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
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
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

Nice To Haves

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

Responsibilities

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
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
Provide financing facilities to marquee private lenders, large asset managers and sophisticated pension clients
Work with Clients, Sales/Distribution, Risk, Treasury and other Stakeholders in the screening process for new client collateral finance trade opportunities
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