Director, Trading Documentation

Canadian Imperial Bank of Commerce•New York, NY

About The Position

The Director, Trading Documentation negotiates and executes Global Master Repurchase Agreements (GMRAs), Master Repurchase Agreements (MRAs), cleared and sponsored repo documentation, and other agreements for derivatives and other trading products on behalf of CIBC and its affiliates. The role reports to the Executive Director, Trading Documentation and supports the Managing Counsel & General Manager, Derivatives and Trading Documentation. The Director partners with trading room personnel, relationship managers, risk officers, and Legal Department colleagues to ensure executed documentation follows the Bank's policies and procedures and applicable regulatory and industry standards. Responsibilities also include supporting risk mitigation, maintaining accurate information across internal and third-party platforms, and building effective relationships with internal and external stakeholders. The work arrangement, including the proportion of onsite and remote work, will be discussed during the interview.

Requirements

At least 5 years of experience at a leading financial institution or law firm.
Strong knowledge of repo and cleared repo documentation, including GMRAs, MRAs, and related agreements.
Strong understanding of derivatives and securities financing documentation.
Advanced drafting, communication, and analytical skills.
Law degree.
Familiarity with credit agreements, security documents, intercreditor agreements, and related documentation, with the ability to assess the Bank's security position.
Understanding of regulatory requirements for onboarding derivatives clients, including KYC and Dodd-Frank requirements.
Detail-oriented approach, sound judgment, and ability to explain technical concepts clearly.
Comfort learning and using internal and third-party online platforms for trading, regulatory compliance, and collateral management.

Nice To Haves

Familiarity and experience with the sponsored repurchase market, including the new industry-standard 2026 SIFMA documentation for sponsored repurchase transactions.
Familiarity with industry-published enforceability opinions regarding netting and collateral.
Experience working at a law firm or as in-house counsel at a financial institution.

Responsibilities

Negotiate GMRAs, MRAs, SIFMA Master Treasury Clearing Agreements, and other master agreements related to derivatives and securities financing transactions.
Review repo documentation, including the 2000 and 2011 GMRA versions and the 1996 MRA.
Apply and communicate the Bank's documentation policies and procedures in alignment with internal standards and applicable regulatory and industry requirements.
Help identify practical solutions to support regulatory change and consistency across documentation practices.
Help ensure appropriate documentation is in place to mitigate credit risk and manage capital implications.
Use internal and third-party online platforms to negotiate client-facing contracts and maintain information supporting trading, regulatory compliance, and collateral management.
Keep platform information accurate and current in accordance with established guidelines and procedures.
Build working relationships with trading desk personnel, relationship managers, senior risk management partners, corporate clients, peer institutions, and regulators.
Provide clear guidance, negotiate effectively, and support stakeholders on complex documentation matters.