High Yield Credit Analyst

3 days ago


Toronto, Canada CIBC Full time

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

**Job Description**:
What you’ll be doing

Reporting to the portfolio manager, the analyst will be an integral member of the high yield team within the fixed income group. The incumbent will contribute to the management of high yield bond portfolios through fundamental credit analysis of companies across a variety of sectors with a focus on North American issuers. This will involve financial modeling, actively assessing the credit worthiness of current holdings and the identification of investment opportunities in both the primary and secondary markets. The analyst will also contribute to the team’s portfolio construction and decision making process. The incumbent will also contribute to marketing and client servicing efforts as well as various ad hoc analyses, projects and ESG efforts.
- At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview._

How you’ll succeed- Conduct rigorous credit analysis of investment opportunities and ongoing due diligence of portfolio holdings.- Construct and maintain financial models with forward projections and issuer credit summaries.- Conduct industry analysis and form fundamental views of assigned sectors.- Perform relative value analysis of assigned sectors and form views on both relative value and total return potential of individual investment opportunities.- Actively collaborate with other team members, analysts, and portfolio managers within CIBC Asset Management.- Establish and maintain relationships within the leveraged finance community, including sell-side analysts, sales coverage and traders.

Who you are- Strong credit analysis skills. This includes the ability to analyze and assess the business and financial risks of a company.- Experience in leveraged finance markets, particularly the U.S. high yield bond market.- Proficient with MS Excel and Bloomberg.- Completion of a related undergraduate degree, MBA and CFA preferred.- Strong communication skills to convey information in both written and verbal formats.- Strong interpersonal skills and the ability to work effectively within a team environment.- Ability to perform under pressure to prioritize and multi-task responsibilities.

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 health benefits program, defined benefit pension plan, an employee share purchase plan 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.

What you need to knowYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Job Location

161 Bay Street, 39th Floor

Employment Type

Regular

Weekly Hours

37.5

**Skills**:
Credit Analysis, Financial Modeling, High Yield Bonds, Microsoft Excel, Relative Value Analysis



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