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Director, Trading Documentation

Company: Canadian Imperial Bank of Commerce
Location: New York
Posted on: September 26, 2022

Job Description:

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 DoingReporting to the Executive Director, Trading Documentation, and supporting the Managing Counsel & General Manager, Derivatives and Trading Documentation in Toronto, the successful candidate will be responsible for the negotiation and execution of ISDA Master Agreements in respect of derivative transactions, and other trading products, as well as documentation in respect of regulatory requirements and the Bank's lending relationships on behalf of the Bank and its affiliates. The Director will work closely with trading room personnel, relationship managers, risk management officers and other members of the Legal Department to ensure that executed derivatives and other trading contracts reflect the Bank's documentation policies and procedures with respect to trading products, which are developed in accordance with standards set forth by the Bank and various regulatory and industry bodies.How You'll SucceedThe incumbent is responsible for:

  • Preparing, drafting, and negotiating master agreements (ISDA Master Agreements, collateral arrangements (CSAs and Pledge Agreements) and regulatory amendments (collectively, "Master Agreements") with external clients and/or other banks as required to support CIBC's capital markets trading activities.
  • The communication and implementation of the Bank's documentation policies and procedures with respect to trading products in accordance with the standards set forth by the Bank and various regulatory and industry bodies, to ensure consistency of application and to assist in the development of solutions to manage regulatory change. -
  • Ensuring that the most appropriate documentation is utilized to mitigate credit risk on trading products and to minimize the resulting capital requirements.Who You AreValues matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.You can demonstrate experience with:
    • Bachelor's degree required, JD preferred
    • 5+ years' related experience from a leading financial institution or law firm
    • Strong knowledge of, and capability to review Credit Agreement, Security Agreements, Intercreditor Agreements, and related documents associated with lending relationships.
    • Knowledge of ISDA Master Agreements, derivatives documentation, and treasury trading products
    • Ability to review credit documentation to verify the Bank's security position for trading related to credit documentation
    • Strong knowledge of Dodd Frank requirements for the on-boarding of derivative clients including: negotiation of Swap Deal Business Conduct & Trading Relationship Agreements, utilization of Markit
    • Ability to communicate complicated issues effectively, and to handle a fast paced working environment where same-day turnarounds are often expectedYou embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.Your influence makes an impact. You know that relationships and networks are essential to success. -You inspire outcomes by making yourself heard.You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.What CIBC OffersAt CIBC, our people are our greatest asset. You'll become part of a diverse community that acknowledges everyone's unique talents, and empowers teams to do what's right for the client, and to do it well. As part of our team, you will:Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at homeConnect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativityDevelop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product trainingProsper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, and employee share purchase planConduct and Culture RiskOur CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership's identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. - We all are accountable for managing risk.As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
      • Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
      • At all times acting in accordance with our Purpose and shared values, to achieve our Bank's strategic goals
      • Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
      • Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
      • Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC's policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same
      • Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
      • Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC's reputation as a leading financial institutionWhat 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.Job LocationNY-300 Madison Ave., 5th FloorEmployment TypeRegularWeekly Hours40SkillsDocumentations

Keywords: Canadian Imperial Bank of Commerce, New York , Director, Trading Documentation, Accounting, Auditing , New York, New York

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