Executive Director, Head of ABS Structuring

CIBC US; New York (NY); On-site; USD 270,000 - 330,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Vacation offering

Wellbeing support

MomentMakers program

Job summary

CIBC US in New York, NY, seeks a seasoned Head of U.S. ABS Structuring to lead analytics for the ABS group.

This role sits at the core of the growing securitization platform, coordinating with teams in New York and Toronto and engaging top issuers across sectors such as auto, consumer, and equipment. The ideal candidate has a deep quantitative background, 15+ years in ABS analytics, and fluency with Excel, Intex, and Bloomberg.

Qualifications

• B.S. in STEM; advanced degree preferred (Math/Engineering).
• 15+ years in Term ABS analytics with left-lead roles.
• Deep deal mechanics knowledge across auto, consumer, equipment, TMT sectors.
• Fluent Excel/Intex/Bloomberg/CAS/VBA for modeling and analysis.

Responsibilities

• Build and run models to structure term ABS transactions across asset classes.
• Convert language and formulas in Offering docs to deal models in Excel and Intex.
• Educate Associates/Analysts on Intex and collateral strats.
• Support pricing, DEC tables, and risk analyses for new issues.
• Collaborate with Credit Risk, CRO, and rating agencies on new deals.
• Lead stress tests, scenario analysis, and tie-out with banks on issues.

Skills

Analytical Thinking

Financial Modeling

Capital Markets

Leadership

Market Trading

Global Market

Education

B.S. in STEM

Advanced degree in Mathematics or Engineering

Tools

Excel

Intex Dealmaker

Intex Calc

CAS

VBA

Bloomberg

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

What You’ll Be Doing

The role is to be the Head of U.S. ABS Structuring leading the Analytics effort within a growing ABS Group for the U.S. platform for CIBC. CIBC is growing its U.S. Securitization platform and presence in ABS and this role is to be a part of that growth and part of the ABS team, which includes teams in both New York and Toronto. Candidates should have a strong analytical background and have very good familiarity with working with the top issuers in the auto, consumer, equipment, TMT sectors among others.

How You’ll Succeed

• Build new models and work with existing models to structure term ABS transactions across a variety of asset classes
• “Tape cracking” , running collateral cashflows, creating pool strats, rep lines, formulating view on CNLs, working with new pool data files to assess viability of what structure / advance rate can be achieved
• Educate junior Associates/Analysts on use of Intex, creating collateral strats and other supportive analytical functions
• Ability to convert language and formulas in Offering documentation to deal models in Excel, Intex, servicer reports, etc.
• Helping Bankers to provide and/or tie out any analytics appearing in offering documents for new issues including DEC tables, Discount rates, Fair Value Risk retention analysis, etc.
• Work with Credit Risk / Office of CRO when seeking approval for new transactions / asset classes, stress testing, 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 both primary new issues and secondary trades when needed for investors
• Provide analytical support for RFPs, pitch books, Term Sheets, presentations across asset classes
• Tie-out pricing/coupons/yields/durations/wals and other structural details with other banks in new issue process
• Performing Residual analysis for select issuers across variety of scenarios, loan/lease pool valuations
• Supporting ABCP Conduit / balance sheet / securitization financing transactions when needed
• Collaborate on analytics with other groups/desks including Derivatives, Sales, Repo, etc.
• Be able to tailor models / cashflows to customize and optimize structures for issuers to achieve the best economics
• Travel to clients, industry events as appropriate.

Who You Are

• B.S. in STEM field, Ideal candidate has an advance degree in Mathematics or Engineering.
• 15yrs 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, some esoteric such as data center and others
• Strong quantitative background and high level of fluency with Excel, Intex Dealmaker, Intex Calc, CAS, VBA, Bloomberg and other platforms as needed in building models for transactions
• Self-starter mindset but functioning as part of a close cross border team
• Excellent communication skills
• Current Series 7,63,79 or equivalent registrations
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

California residents — your privacy rights regarding your actual or prospective employment

At CIBC, we offer a competitive total rewards package. This role has an expected salary of $300,000 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.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

What CIBC Offers

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• 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.
• Subject to plan and program terms and conditions

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.
• 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-New York, 300 Madison Ave Fl 5

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business, Capital Markets, Communication, Customer Engagement, Financial Modeling, Global Market, Investments, Leadership, Market Trading, Process Improvements, Researching, Solution Strategies