Vice-President, Global Term Funding

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profile Job Location:

Toronto - Canada

profile Monthly Salary: Not Disclosed
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

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

Reporting to the Senior Vice-President Funding and Liquidity the Vice-President Global Term Funding is primarily responsible for managing CIBCs access to global term funding in Canadian and international capital markets including the issuance of subordinated debt senior debt securitized debt products and preferred shares (collectively referred to as term funding). The incumbent is responsible for the development of debt products the identification of issuance markets globally preparing debt issuance strategy and efficient execution of the term funding plan for CIBC.

As an organizational leader this role champions:

CIBC employee experience principles:

  • Always professional so our team members can excel and be their best professional self.

  • Radically simple so our team members can focus on what they need to do and make an impact.

  • Genuinely caring so our team members can feel valued for who they are and what they contribute.

CIBC leadership capabilities:

  • Envisions the futureto innovate purposefully to create new value and harness new capabilities in order to meet the evolving needs of our diverse stakeholders.

  • Inspires hearts and mindsto build an inclusive culture where we make bold choices collaborate and empower others to take chances and do whats right for our stakeholders.

  • Drives action and impact togetherto align with urgency around what matters making decisions with speed and always making a real difference.

What Youll be Doing

  • Steward and continuously enhance CIBCs established term funding strategy in Canadian and international capital markets.

  • Maintain and optimize a broad global term funding platform considering diversification by instrument geography investor base and tenor that provides cost-efficient funding within the constraints of liquidity balance sheet credit and concentration limits.

  • Monitor term funding environment across global capital markets and adjust funding execution plan to provide best execution within CIBCs funding platform.

  • Evolve and strengthen the established term funding team infrastructure to deepen partnerships with dealers legal and accounting advisors and rating agencies enabling consistently superior execution across global term funding activities.

  • Lead the global term funding investor relations strategy and oversee execution by the global term funding team including interaction with Investor Relations on joint priorities.

  • Oversee execution of all global term funding transactions.

  • Ensure that the term funding team provides support and information relating to funding markets funding capacity and funding costs to strategic business units to senior management and as input to the CIBC planning process.

  • Ensure that the global term funding team has the appropriate infrastructure policies and procedures to properly execute funding transactions document and book funding transactions together with related hedging activities monitor and comply with limits and work with legal accounting and tax advisors to minimize related risks.

  • Keep abreast of developments in qualifying capital instruments and work with industry and regulators to enhance related structures and instrument features.

  • Oversee management of collateral requirements on secured funding transactions and work with CIBC business partners to ensure the collateral pipeline for ongoing maintenance of secured funding programs is appropriate.

  • Oversee management of mortgage portfolio insurance execution working with the mortgage business unit and risk management to meet funding liquidity and capital objectives of CIBC.

  • Represent CIBC on relevant industry forums and associations.

What Were Looking For

  • Knowledge and experience in dealing in international capital markets including the participants and procedures legal tax and regulatory frameworks and other particular requirements of each market to ensure that CIBC has access to these markets for its financing requirements.

  • Knowledge and experience with the products and structures of debt capital markets and the financial concepts with which to analyze them as well as a continuing process of upgrading knowledge to stay current with new developments to ensure that CIBC has access to these products and structures as required for its financing requirements.

  • Knowledge and experience with the Banks internal accounting and administrative processes and systems in order to properly document book and maintain financing structures.

  • 10 to 15 years of corporate treasury capital markets and/or asset & liability management experience in a sophisticated multidimensional environment at a progressively senior level.

  • Thorough knowledge of market risk concepts with an emphasis on linear interest rate option foreign exchange and liquidity components.

  • Proficiency with pricing and valuation of fixed income securities and options.

  • Sound understanding of banking regulatory environment in Canada and US.

  • Thorough knowledge of asset securitization in the retail balance sheet asset context.

  • Exposure to corporate finance and balance sheet management techniques.

  • Established network of contacts within financial/capital markets community.

  • Effective presentation and communication skills both written and verbal.

  • Sound understanding of the functional complexity of the bank.

  • Ability to assess and distill complex and challenging issues.

  • Strong leadership and interpersonal skills with proven ability to build trust influence and collaborate with key partners and stakeholders.

  • Strong analytical and problem solving skills.

  • Developed negotiating skills.

  • Capability to translate technical issues and problems for wider audiences with limited understanding of Treasury.

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

  • CIBC is committed to clarity in our hiring process. All roles posted are opportunities were actively recruiting for unless stated otherwise.

  • 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 test (such as simulation coding French proficiency).

  • We use artificial intelligence tools during the recruitment process. 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 11th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Banking

Required Experience:

Chief

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 meaningf...
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Key Skills

  • Change Management
  • Financial Services
  • Growing Experience
  • Managed Care
  • Management Experience
  • Analysis Skills
  • Senior Leadership
  • Performance Management
  • Process Management
  • Leadership Experience
  • negotiation
  • Analytics