Apply on Employer Site

CIBC · 2 months ago

Associate, Securitization & Structured Products Administration

New York, NY

Full-time

Onsite

Entry Level

$95K/yr - $125K/yr

2+ years exp

CIBC is a relationship-oriented bank for the modern world, seeking talented professionals for their Securitization team. The Associate role involves managing Securitization products, ensuring compliance, supporting transactions, and maintaining client relationships to drive growth in the US Securitization business.

BankingCredit CardsFinancial Services

Responsibilities

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

Qualification

Capital MarketsSecuritizationClient OnboardingAnalytical SkillsFinancial ServicesClient ServiceDetail-OrientedTeamworkCommunication SkillsOrganizational Skills

Required

2-3 years of experience working in financial services and knowledge of Capital Markets and experience dealing with various groups within Capital Markets is a benefit

Degree in Business/Economics/Finance/Accounting

Basic understanding of Securitization, loan products (mortgages, auto loans/leases, credit card debt, lines of credit) and interest rate derivatives

Results-oriented self-starter who shows a keen interest in the Securitization business

Team player who excels at working collaboratively with others in a group setting

Proven ability to pay close attention to detail and execute transactions within tight timeframes with an analytic/systematic approach

Can think and act independently to resolve issues with minimal supervision

Can discern the need to escalate issues to senior members of the team

Is frequently questioning the status quo of existing processes and thinking of ways to improve upon them

Strong written and oral communication skills, incorporating the ability to explain detailed transactional analysis

Strong client relationship and communication skills

Strong attention to detail and ability to multi-task

Strong technical/computer and analytical skills, including proficiency in Excel and PowerPoint