Executive Director, Head of ABS Structuring

About the role

We are seeking a Head of U.S. ABS Structuring to lead the Analytics effort within our growing ABS Group for the U.S. platform at CIBC. This role is integral to the growth of our U.S. Securitization platform and ABS team, which includes teams in both New York and Toronto.

Responsibilities

• Build new models and work with existing models to structure term ABS transactions across various asset classes.
• Tape cracking, running collateral cashflows, creating pool strategies, formulating views on collateral net loss (CNLs), working with new pool data files to assess the feasibility of achieving certain structures or advance rates.
• Education junior Associates/Analysts on the use of Intex, creation of collateral strategies, and other supportive analytical functions.
• Convert language and formulas from offering documentation into deal models in Excel, Intex, servicer reports, etc.
• Help bankers 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.
• Collaborate with Credit Risk / Office of CRO when seeking approval for new transactions, stress testing, model development / training / validation.
• 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.
• Support RFPs, pitch books, Term Sheets, 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, loan/lease pool valuations.
• Support 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.

Requirements

Bachelor's degree in a STEM field, ideally with an advanced degree in Mathematics or Engineering. 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 such as data center and others. Strong quantitative background and high-level 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.

Qualifications

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

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.

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 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.