Executive Director, Head of ABS Structuring

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.