Director, Securitization

What You’ll Be Doing

As a Director, Securitization & Structured Products Administration, you’ll work as part of the Securitization & Structured Products Administration Group (“SSPA”) and lead our Securitization Accounting team. The successful candidate will be responsible for all accounting related to our securitization conduits. Also responsible for internal management reporting and various other initiatives.

This is a challenging position that requires the applicant to operate effectively under pressure. Due to the constantly changing business environment and complex nature of these products, the applicant must be flexible, adaptable, willing to learn, open to changes and be able to work independently at times with minimal supervision.

The SSPA team currently employs approximately 20 staff across various functional groups that provide ongoing support for all aspects of CIBC’s securitization programs.

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.

• Leadership - You’ll lead an accounting team responsible for the preparation of accounting and financial statements for multiple securitization trusts.
• Accounting & Controls - You’ll collaborate with accounting firms to conduct the annual audits of the trusts. You will manage existing processes and create new procedures for management and regulatory reporting related to our securitization business. Additionally, you will monitor and report on the revenue and expenses of the securitization business.
• Relationship Management - You’ll develop and maintain robust relationships with securitization clients and the front office structuring team to ensure a comprehensive understanding of accounting and administrative requirements. You’ll facilitate timely and effective resolutions to any issues that may arise. Furthermore, you will collaborate with all functional groups within SSPA and actively participate as a team member.
• Projects & Initiatives - You will engage in special projects as needed when departmental initiatives arise.

• You have a degree in Business/Economics/Finance/Accounting and a CA or CPA is required.
• You can demonstrate experience in capital calculations and reporting for securitization transactions is an asset. An understanding of Securitization, loan products (mortgages, auto loans/leases, credit card debt, lines of credit) interest rate derivatives and the accounting for these products is an asset.
• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
• You bring strong communication. You have excellent communication (verbal and written) and have interpersonal skills to deal effectively with various stakeholders at different levels.
• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making. You have a track record of meeting critical deadlines.
• You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results. You can resolve issues with minimal supervision.
• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. You have the ability to discern the need to escalate issues to senior management.
• You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what's possible. You know how to question the status quo of existing processes and think of ways to improve upon them.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

• 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

• 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.
• 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.