SUMMER 2022 CO-OP: Co-op Analyst, Asset Based Lending

• Co-op Analyst, Asset Based Lending

• • You must be currently enrolled in post-secondary education to be eligible, however, you do not need to be in a registered Co-Op program to be considered for this role
  • Please include your resume (no more than 2 pages), a cover letter (no more than 1 page), and your most recent unofficial transcript with your application. These should all be uploaded into the Resume section of the application as one document
  • This job posting closes on January 23rd at 11:59 PM EST.
  • Work Location: as the growing situation with COVID 19 continues to evolve, further clarity on the work location will be provided at the time of your interview. Please note all employees must work within their current jurisdiction and must reside within Canada.
  • Duration of term:  4 month opportunities available
  • Please note, we have multiple positions available under this posting and you may be considered by more than one hiring team​.

    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

    Job Description

    What You’ll Be Doing

    Based in Toronto and operating under a national mandate, CIBC’s Asset-Based Lending group (“CIBC ABL”) is a stand-alone team within Commercial Banking, Corporate Finance, focused on serving clients with specialized loan facilities, typically secured by accounts receivable, inventories and fixed assets. Operating individually or as the lead bank in a larger syndicate, CIBC ABL concludes funding’s for a wide variety of Canadian industries where its asset-focused structures provide greater flexibility than traditional credit models for collateral rich companies. CIBC ABL is active in both the mid-market and large corporate lending space, with facility sizes typically in the range of $20 million to $350+ million. ABL is particularly well suited for highly levered, seasonal, cyclical and commodity-based businesses with meaningful working capital assets, rapid sales growth, or plans for recapitalization, mergers and acquisition activity, restructuring and/or turnarounds. With offices in Toronto, Montreal, and Calgary, CIBC ABL is one of the largest ABL groups in the market, and is dedicated to serving privately and publicly owned companies.

    As a Co-op Analyst, you will partner with other ABL team members in executing all facets of the group’s mandate. This will include preparing presentations of financing proposals to prospective clients, underwriting for new credit transactions and existing client requests, assisting Relationship Managers in the portfolio management of the existing loan book, working on in-depth financial models, liaising with external stakeholders including field examiners and inventory appraisers, and assisting with special projects. Co-op Analysts will get tremendous exposure to experienced senior bankers and 1-on-1 mentoring from their colleagues through their 4 month work term.

    Important Information

  How You’ll Succeed

  • Client First- You will attend discussions with client management (executive, financial and operational) in order to assess client’s financing needs. Perform comprehensive financial/non-financial analysis and risk assessment of credit proposals. Assist in preparation of financing proposals (structuring terms and conditions including security, covenants and pricing) to properly reflect and compensate CIBC for assessed risk. Prepare draft recommendations on credit submissions and investment proposals to present to senior management. Assist with comprehensive due diligence on all transactions. Prepare credit memoranda and other credit correspondence in a well thought out, thorough and efficient manner and in accordance with policies and procedures.
  • Relationship Building – Develop good relations with internal colleagues (within commercial banking, risk management, operations and cash management) and external customers.
  • Collaboration – Partner with your team members to execute client requests and pitch on opportunities. Maintain a proactive approach to continuous risk assessment and report observations. Assist in negotiation of terms and conditions of proposals.
  • Business acumen – Active involvement with different tasks within the team and build a strong understanding of the ABL product and overall industry. Continuous learning is key to succeed while bringing new ideas and solutions to the team.

  Who You Are

  • You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it’s the right thing to do.
  • You can demonstrate strong interest in the financial services and commercial credit. You have interest in financial analysis, accounting and modelling in Excel, as well as creating proposals in PowerPoint and making recommendations.
  • You’re driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
  • You are a strong communicator with above average written and verbal communication skills.
  • You have strong organizational skills with the ability to work in a dynamic environment, meet tight deadlines and demonstrate attention to detail.
  • You are working towards a diploma/degree. You are working towards your undergraduate degree or diploma in finance, accounting or business administration (BCom/BBA). Working towards other financial designations is considered an asset (i.e. CA, CBV, CMA, CFA etc.).
  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

  What CIBC Offers

  At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client, and to do it well. As part of our team, you will:

  • Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home
  • Connect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity
  • Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training

  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

  • CIBC is committed to doing our part to protect our team, our clients and our communities. We want to ensure we have a safe and healthy workplace, and we want to do our part to get through this pandemic. In keeping with this commitment, and as a condition of employment, CIBC requires all successful candidates to be fully vaccinated against COVID-19 as of their start date, or provide written proof of a medical exemption, or other substantiated accommodation request under applicable human rights legislation.

  Job Location

  181 Bay St., 5th floor

  Employment Type

  Temporary (Fixed Term)Weekly Hours

  37.5