Associate, Securitization & Structured Products Administration

Securitization Product Manager

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.

Involved with the execution and day-to-day management of Securitization products within CIBC Capital Markets. Operates in a fast-paced environment supporting a dynamic and hardworking front office Securitization team. Supports activities that will help drive the growth of the US Securitization business at CIBC. This includes assisting in the execution of new securitization transactions and relationship management to help the front office Securitization team execute mandates and earn repeat business.

How You'll Succeed

• Account Monitoring. Reviews accounts to ensure compliance with all terms and conditions of credit authorizations, including receipt and analysis of all customer information and receipt of payments from customers. All irregularities and / or materially negative trends are reported to the Securitization Front Office deal team and to Risk Management. Monitors receipt of and analyzes monthly settlement statements and, creates and compiles performance reports that have been reviewed by the secondary Securitization Administration personnel and ensures that all appropriate parties are promptly advised of any deteriorating situation.
• Client Interaction. Provides support and information to various internal and external clients as it relates to all transactions under management. This also involves the preparation of various portfolio and management reports. Works closely with the Securitization Front Office and Securitization Administration teams for all transactions under management. Assists in completing deal amendments and credit renewals as well as addressing any issues that may arise from the seller transaction. Works with the Derivatives desk on transactions that require a hedge arrangement to ensure that proper mechanics of the funding is applied throughout the life of the transactions until deal is terminated. Works with Credit Processing Group / Operations on funding / paydown client requests and to update securitization exposures for monthly reconciliation with the general ledger.
• Completing KYC / AML requirements. Ensures that new US securitization transactions are on-boarded and meet KYC / AML requirements. This will include actively communicating with Client Services and the Client to obtain initial required documentation as well as any additional on-boarding inquiries that may arise from the due diligence process.
• Maintaining Credit applications. Ensures the accuracy, completeness, timeliness, and integrity of information maintained and provided to Risk Management and Credit Processing Group / Operations. Assists in the completion and submission of Credit Applications to Risk Management and maintains credit files including copies of credit applications, Risk Management approvals, deal committee approvals, financials, compliance certificates, correspondence etc.
• Liaise and work alongside all functional groups within SSPA and participate as an active member of the team.

Who You Are

Values matter to you. You bring your real self to work and you live our values trust, teamwork, and accountability.

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership's identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring / assessments. We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes :

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of 95,000 - $125,000 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.

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.

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com.

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.

We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location : NY-300 Madison Ave., 6th Floor

Employment Type : Regular

Weekly Hours : 40

Skills : Analytical Thinking, Business Effectiveness, Capital Markets, Client Onboarding, Client Service, Customer Experience (CX), Detail-Oriented, Strategic Initiative, Teamwork