Portfolio Associate, Global Credit Finance

Canadian Imperial Bank of Commerce•New York, NY

3d•$150,000 - $185,000•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 Associate, 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 management of 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 Associate 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 Associate 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 Pension, Insurance, Asset Manager and Hedge Fund clients. Make recommendations on pursuing new BSL/MM loan financing mandates. Approve or escalate credit assets for inclusion in existing facilities in accordance with established procedures. Provide a view on initial 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. Remain current on industry and economic developments to understand potential impact on portfolio loans. Collaborate with internal systems developers and third party partners on the creation and management of technology tools to better identify risk and identify early warning signals within the collateral asset portfolio. Ensure lender data is regularly uploaded to technology tools. 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 2+ 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.
Intermediate to advanced knowledge of Excel and VBA.
Working proficiency in Python and SQL.
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.

Nice To Haves

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

Contribute to growth in the GCF credit financing business for our Pension, Insurance, Asset Manager and Hedge Fund clients.
Make recommendations on pursuing new BSL/MM loan financing mandates.
Approve or escalate credit assets for inclusion in existing facilities in accordance with established procedures.
Provide a view on initial 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.
Remain current on industry and economic developments to understand potential impact on portfolio loans.
Collaborate with internal systems developers and third party partners on the creation and management of technology tools to better identify risk and identify early warning signals within the collateral asset portfolio.
Ensure lender data is regularly uploaded to technology tools.
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.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $150,000-$185,000 for 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.
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.