Executive Director, Head of ABS Structuring at CIBC | New York | Rezi

Executive Director, Head of ABS Structuring at CIBC

Executive Director, Head of ABS Structuring

CIBC · New York

1 weeks ago

Executive Director, Head of ABS Structuring

CIBC · New York

13 days ago
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About the Role

The role is to be the Head of U.S. ABS Structuring, leading the Analytics effort within a growing ABS Group for CIBC's U.S. platform. CIBC is expanding its U.S. Securitization platform and presence in ABS, and this role is integral to that growth as part of the ABS team.

Responsibilities

  • Build new models and work with existing models to structure term ABS transactions across a variety of asset classes.
  • Perform 'tape cracking', run collateral cashflows, create pool strats, and formulate views on CNLs.
  • Work with new pool data files to assess the viability of structures and advance rates.
  • Educate junior Associates/Analysts on the use of Intex, creating collateral strats, and other analytical functions.
  • Convert language and formulas in Offering documentation to deal models in Excel, Intex, servicer reports, etc.
  • Assist Bankers in providing and/or tying out analytics in offering documents for new issues, including DEC tables, Discount rates, and Fair Value Risk retention analysis.
  • Collaborate with Credit Risk / Office of CRO when seeking approval for new transactions/asset classes, stress testing, and model development/training/validation.
  • Work collaboratively with Originators and interact with rating agencies on new transactions and rating agency presentations for Left Lead roles.
  • Create and run stress runs and break-even scenarios for bonds on primary new issues and secondary trades.
  • Provide analytical support for RFPs, pitch books, Term Sheets, and presentations across asset classes.
  • Tie-out pricing/coupons/yields/durations/wals and other structural details with other banks in the new issue process.
  • Perform Residual analysis for select issuers across various scenarios and loan/lease pool valuations.
  • Support ABCP Conduit / balance sheet / securitization financing transactions.
  • Collaborate on analytics with other groups/desks including Derivatives, Sales, and Repo.
  • Tailor models/cashflows to customize and optimize structures for issuers to achieve the best economics.
  • Travel to clients and industry events as appropriate.

Requirements

  • B.S. in STEM field; an advanced degree in Mathematics or Engineering is ideal.
  • 15 years of experience specifically in Term ABS analytics at a Leading 'ABS Bank' with Left Lead roles.
  • Deep understanding of deal mechanics and structures used in the auto loan/lease/floorplan/fleet, consumer loan, equipment, TMT sectors, and some esoteric areas like data center.
  • Strong quantitative background and high level of fluency with Excel, Intex Dealmaker, Intex Calc, CAS, VBA, Bloomberg, and other platforms as needed for building transaction models.
  • Self-starter mindset with the ability to function as part of a close cross-border team.
  • Excellent communication skills.
  • Current Series 7, 63, 79 or equivalent registrations.
  • Values trust, teamwork, and accountability.
  • Legally eligible to work at the specified location(s) and possess a valid work or study permit where applicable.
  • May be asked to complete an attribute-based assessment and other skills tests.

Skills

  • Analytical Thinking
  • Business
  • Capital Markets
  • Communication
  • Customer Engagement
  • Financial Modeling
  • Global Market
  • Investments
  • Leadership
  • Market Trading
  • Process Improvements
  • Researching
  • Solution Strategies
  • Excel
  • Intex Dealmaker
  • Intex Calc
  • CAS
  • VBA
  • Bloomberg

Location

  • New York, NY

Work Type

  • Regular
  • Full-time

Experience Level

  • 15 years of experience specifically in Term ABS analytics

Education Level

  • B.S. in STEM field
  • Advanced degree in Mathematics or Engineering

Salary/Compensations

  • $300,000

Benefits

  • Medical
  • Dental
  • Vision
  • Health Savings Account
  • Life Insurance
  • Disability
  • Other Insurance Plans
  • Paid Time Off (including Sick Leave, Parental Leave, and Vacation)
  • Holidays
  • 401(k)
  • Competitive total rewards package
  • Incentive compensation plan
  • Discretionary bonus component
  • Banking benefits
  • Wellbeing support
  • MomentMakers recognition program

About the Company

  • CIBC is building a relationship-oriented bank for the modern world.
  • 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.
  • CIBC is growing its U.S. Securitization platform and presence in ABS.
  • 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.
  • 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.

Equal Opportunity

  • 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.
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