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Executive Director
Canadian Imperial Bank of Commerce
New York, NY, United States
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Description
JOB PURPOSE
The Executive Director will be responsible for the origination, structuring and distribution of underwritten and arranged syndicated credits within identified industry portfolios in the corporate loan portfolio in US. Consideration of overall Corporate Banking goals, including capital efficiency and maximized loan profitability. The Executive Director will participate in the development and execution of overall business strategies.
KEY ACCOUNTABILITIES
• Focus on business strategy that supports Corporate Banking business plan that will result in prudent growth consistent with Capital Markets strategy.
• Effective coverage of Corporate clients for syndicated credit requirements with a primary focus on improving credit product profitability and increasing ancillary revenue earning potential from key GIB, GM and other CIBC relationships.
• Effective execution of underwritten and arranged loan transactions with US Corporate clients with a primary focus on maximizing the associated returns, giving consideration to increasing ancillary revenue earning potential from key GIB, GM and other CIBC relationships
• Structure and syndicate underwritten loan transactions with effective execution.
• Originate, structure and deliver appropriate credit products, obtaining approvals as per Policy
• Optimize capital efficiency, maximize profitability of the loan product, and manage risk
• Coordinate activities and relationships with other business areas across the firm
• Provide valuable and timely market insight inclusive to pricing and structure in the US market to syndication partners in Canada and US Commercial lending
• Develop and enhance business partnerships between CB and Credit Risk Management teams
• Ensure that recommendations and opinions offered to clients are in compliance with legislation, are of the highest professional standards and that they reflect the judgment of the firm. Be familiar with appropriate due diligence criteria and effectively conduct such analysis and enquiry investigation to provide CIBC Capital Markets with an appropriate “due diligence” defense under applicable securities legislation.
• Work effectively within CIBC's corporate governance practices and policies (e.g,. Risk Management, Finance, Human Resources, Legal and Compliance) to ensure all potential risks are appropriately addressed and that CIBC legal/reputational issues and shareholder objectives are covered.
• Develop a personal profile within the firm and assist in maintaining a high profile for the firm within and outside the financial community. Meet with senior executives of clients and related business opportunities.
• Able to deal professionally with complexity.
• Provide leadership to Associates/Analysts, and contribute fresh perspectives to the team.
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls
AUTHORITIES/DECISION RIGHTS
• As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
KNOWLEDGE AND SKILLS
• Ability to work in a results oriented team, centered on clients.
• Minimum 8 years related experience; MBA, CFA or other relevant professional designation required.
• Unquestioned professionalism, ethics and reputation. Approach to the workplace which is based on open communication and a team atmosphere.
• Must have a full understanding of, and be fully conversant with Corporate Finance theory and practice and cash flow analysis technique (e.g. discount cash flow analysis).
• Good understanding of industry, including fundamental market factors, and capital markets activity and influences.
• Proven ability to effectively differentiate CIBC Capital Markets from the competition through quality of coverage, and service provided.
• Understand existing and potential clients’ needs sufficient to provide advice of appropriate credit structures given the state of credit markets and the credit quality assessment of the client. Well developed knowledge of corporate credit. Experience in preparing and analyzing complex credit applications/proposals. Excellent understanding of financial statements and accounting principles.
• Well-developed organizational skills in order to respond to shifting priorities on several simultaneous projects.
• Strong ability to manage internal relationships within CIBC Capital Markets and CIBC as they relate to the credit product, coordinating and ensuring the support of the firm’s internal resources where different priorities may exist.
• Proven ability to make professional, judgments and provide assessments and opinions with respect to credit structures and transactions.
• Well-developed interpersonal, presentation, oral and written communication in order to convey factual and conceptual information to others and promote the interests of CIBC Capital Markets.
• Demonstrates ability to create and maintain good relationships with clients at senior levels.
• Demonstrated knowledge of credit capital markets, investment banking, private/public debt and equity capital markets, trade finance, foreign exchange, commercial paper, securitization and financial products.
• Ability to operate Microsoft Office software, particularly Word, Excel and PowerPoint.
WORKING CONDITIONS
• This role operates within a normal office environment with little exposure to adverse working conditions.