Associate, Trade Finance
Associate, Trade Finance
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Job Description
Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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
What Youll Be Doing
The Capital Markets arm of CIBC provides corporate government and institutional clients with innovative solutions to help them raise capital grow and invest actively throughout North America and key financial centers around the world. To deliver on its vision to be our clients preferred capital markets banking partner across multiple products and services both in Canada and where our core competencies can be exported. The Capital Markets mission is to bring Canadian Capital Markets products to Canada and the rest of the world and also bring the world to Canada.
The Global Transaction Banking (GTB) is a large strategic and growing part of CIBC Capital Markets business and is comprised of CIBCs Trade Finance Cash Management and Correspondent Banking teams. The Trade Finance team provides a variety of risk management and Working Capital Solutions (WCS) to the banks corporate clients.
As the Associate Trade Finance you will be responsible for supporting the development and growth of the Capital Markets WCS business. This role will work closely with Credit Risk Management Client Relationship Managers Trading Credit Group Legal Credit Processing Services Anti-Money Laundering Sanctions Technology and other stakeholders .
At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work youll be on-site full-time.
How Youll Succeed
Credit Underwriting - Provide support and back-up to the Director WCS Credit in underwriting and conducting annual reviews of risk within CIBCs WCS portfolio with a focus on underwriting and maintaining limits for non-client obligors under CIBCs Global Receivables Purchase Program (GRPP). Actively monitoring the risk profile of various WCS credit limits by identifying any new or changing risks and/or trends and provide recommendations on how to mitigate such risks. Managing insurance credit limits and interacting with Credit Risk Management Legal Client Relationship Management Operations Anti-Money Laundering and other stakeholders as appropriate to ensure seamless management of GRPP limits. Support the team in leveraging AI to manage the credit risk of the portfolio. Use AI on an on-going basis to both underwrite as well as monitor the risk portfolio.
Product Management - Support the WCS product managers in identifying and leading new growth opportunities to expand CIBCs WCS product suite. Developing client/ industry/ regional WCS strategies that are aligned with CIBCs client focus geographic footprint and risk appetite. Conducting deal due diligence and structuring and implementation of WCS solutions as required. On-going program maintenance annual review and performance management of the existing WCS solution. Leveraging technology including AI to support simplification and scaling of CIBCs WCS as appropriate. Working closely with the Operations team to process engineer transaction execution and on-boarding processes
Who You Are
You can demonstrate Credit and Industry Experience. Proficiency in financial analysis with a strong grasp of key accounting considerations. At least 5 years of credit underwriting and trade finance products. Familiarity with different trade finance needs and custom solutions in high growth markets around the world.
You have attained strong understanding of how corporate lending products work in banks as well as various legal concepts. Advanced knowledge of supply chain finance receivables purchase solutions and risk mitigation products used in trade finance preferred.
You know that details matter. Extremely dedicated and motivated individual with high career aspirations. Must be capable of assuming high levels of responsibility within short time frames.
You have advanced communication skills. Excellent interpersonal skills and ability to build and maintain relationships both internally and external. Strong presenting influencing and negotiating skills with the ability to concisely convey conceptual information.
You are technically savvy. Knowledge of multiple software applications including Microsoft Word Excel Access and PowerPoint.
You can demonstrate advanced problem-solving and decision-making skills:Ability to identify and solve problems make informed decisions and prioritize effectively.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
#LI-TA
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* defined benefit pension plan* an employee share purchase plan 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
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 French proficiency 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
Toronto-161 Bay St. 8thEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Business Development Credit Risk Management Customer Experience (CX) Financial Modeling Financial Statement Analysis High Net Worth Individuals Portfolio Management ResearchingRequired Experience:
IC
Employment Type
Full-Time
