Associate, Trading Credit, Corporate Banking London

Canadian Imperial Bank of Commerce; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial institution is looking for a professional to manage credit relationships for European fund managers and banks. The role involves conducting credit analysis, monitoring portfolio quality, and collaborating with trading teams. Applicants should have at least 2 years of experience in credit risk analysis, strong derivatives knowledge, and the ability to work under pressure.

Qualifications

• Minimum 2 years experience in credit risk analysis and related techniques.
• Must develop a high level of knowledge of derivative and trading floor business products.
• Sound knowledge of derivatives documentation, notably ISDA/CSA.

Responsibilities

• Conduct in-depth counterparty and industry analysis for credit relationships.
• Monitor credit quality and global credit exposure of the portfolio.
• Build and maintain relationships with CIBC marketers/traders.

Skills

Analytical Thinking

Business Banking

Credit Risk Analysis

Derivatives

Job description

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.

To learn more about CIBC, please visit CIBC.com

Purpose of Job

Support and manage credit relationships for a portfolio focused initially towards large European fund managers and a number of European banks. In time, it would be expected that the candidate will adopt responsibility for other NBFI industries as well as banks in other jurisdictions.

Work with trading floor businesses to structure credit facilities to mitigate credit risks inherent in derivatives and other trading floor business products.

Main Objectives

• Responsible for conducting in-depth counterparty, industry and portfolio analysis supporting the credit relationships for a portfolio initially focused towards large European fund managers and a number of European banks.
• Monitor the credit quality and global credit exposure of the portfolio by remaining current with counterparty’s financial condition, industry and economic trends.
• Build and maintain relationships with CIBC marketers/traders, and respond quickly to requests for credit facilities from the trading floor.
• Provide expertise in the area of credit risk associated with trading floor business products.
• Assist in the on-going monitoring of the terms and conditions of approved credit
  arrangements and appropriately identifying any relevant changes in the financial
  condition/business of a client.
• Participate in due diligence and provide support with regard to activities of many parties, including Legal, Documentation, trading room marketers and Risk Management.
• Provide 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.
• Ensure that the portfolio meets with appropriate risk management guidelines and remains current with the changing methodologies.

Skills / Knowledge Required

• Must develop and 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 environment where time pressures demand a rapid response to requests from the trading floor.
• Focused attention to detail when reviewing financial information and preparing credit applications.
• Work in a team environment where sharing of skills and knowledge is critical.
• Minimum 2 years experience in credit risk analysis and related techniques in relation to fund manager/fund clients and/or bank counterparties.
• Sound knowledge of derivatives documentation, notably ISDA/CSA.

What you need to know

• 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 [e-mail]
• 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

Job Location

150 Cheapside, London, UK

Employment Type

Regular

Weekly Hours

35

Skills

Analytical Thinking, Business, Business Banking, Business Development, Credit, Credit Facilities, Credit Risk Analysis, Credit Risk Management, Credit Risks, Customer Experience (CX), Derivatives, Derivatives Documentation, Documentations, Due Diligence, Financial Modeling, Financial Statement Analysis, High Net Worth Individuals, ISDA, Legal Practices, Portfolio Management, Researching