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Analyst / Associate
Canadian Imperial Bank of Commerce
New York, NY, United States
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Description
JOB PURPOSE
The Analyst for the Specialized Credit Group provides analytical and research support to the professionals in the Specialized Credit Group (SCG) team. The SCG team manages the credit relationships for a portfolio of complex, demanding accounts, often involving a high level of profile within the Bank in a variety of industry segments. The role is located within the non-bank financial institutions section, which includes broker-dealers, asset managers, pension funds, hedge funds and insurance companies within the US.
KEY ACCOUNTABILITIES
• Provides a broad range of analytical and research support to all the professionals within the SCG team and support a wide range of clients include Prime Brokerage.
• Completes specific tasks including financial statement and data analysis, financial modeling and industry research. Analysts develop their skills through on the job training, mentoring and industry training
• Builds and maintains relationships with CIBC World Markets marketers/traders, and responds quickly to requests for credit facilities from the trading floor
• Assists in the on-going monitoring of credit quality and global credit exposure of the portfolio by remaining current with counterparty’s financial condition, industry and economic trends
• Appropriately identifies any relevant changes in the financial condition/business of a client
• Assists with due diligence activities and supports senior bankers with regard to activities of many parties, including Legal and Documentation
• Provides sound, timely, and well-communicated recommendations for credit facilities supported by a thorough analysis and well-executed interpretation of relevant financial, industry, business, and market information
• Ensures that the portfolio meets with appropriate risk management guidelines and remains current with the changing methodologies
CROSS-FUNCTIONAL RELATIONSHIPS
• This job must effectively foster client relationships
• Build and maintain relationships with CIBC World Markets marketers/traders, and respond quickly to requests for credit requests from the trading floor
• This job supports senior bankers with regard to activities of many parties
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.
JOB DIMENSIONS
• Enterprise-wide accountability
• Global responsibility
• Work closely with the Prime Brokerage team
• Must maintain a high level of knowledge of derivative and other trading floor business products, and partner with trading floor personnel to deliver timely results for clients
• Must be able to assess factors which affect the risk profile of a customer quickly in order to make timely decisions and take appropriate action as necessary
• Work within a challenging, fast paced environment where time pressures demand a rapid response to requests from the trading floor for trading authorization
• Focused attention to detail when reviewing financial information and preparing credit applications
• Work in a dynamic team environment where sharing of skills and knowledge is critical
KNOWLEDGE AND SKILLS
• Strong undergraduate (business) degree required and 0-3 years related experience. Post-graduate degrees, such as a CFA, MBA are viewed favorably, but are not essential
• Unquestioned professionalism, ethics and reputation. Approach to the workplace that is based on open communication and a team atmosphere
• Broad working knowledge of derivatives and other trading floor products preferred
• Understanding of the credit risks associated with trading floor business products preferred
• Solid understanding of specific industry, including fundamental market factors, and capital markets activity and influences
• Sophisticated analytical skills including extensive experience in analyzing financial statements in order to assess credit risks
• Ability to research and monitor large volumes of information from various sources, gather data and perform analyses on an ongoing basis
• Excellent oral and written communication skills to effectively communicate complicated concepts and financial data to senior management
• Excellent organizational and time management skills to deal with multiple and sometimes conflicting demands and time constraints. Excellent adaptability and flexibility to deal with a rapidly changing environment
• Well-developed problem-solving and decision-making skills
• Strong Excel skills are a must
• Financial modeling experience is a plus
WORKING CONDITIONS
• This role operates within a normal office environment with little exposure to adverse working conditions