Job Description

Associate, Innovation Banking page is loaded

Associate, Innovation Banking

Apply locations New York, NY time type Full time posted on Posted 4 Days Ago job requisition id 2314073

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 CIBC.com

Job Description

CIBC Innovation Banking is a full-service business that delivers strategic advice and funding to North American technology and innovation clients at each stage of their business cycle, from start up to IPO and beyond. With 12 offices in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Toronto and Vancouver, the Innovation Banking team builds long-term relationships with management teams and financial sponsors across the US and Canada by investing time to get to know each business. They leverage CIBC’s experience to structure credit and banking solutions to meet the unique needs of technology companies at all stages of development, as well as investing in Canadian and US-based venture capital and growth equity funds.

Job Purpose

The Commercial Banking Innovation Banker Technology Associate’s primary responsibilities will be participating in all aspects of the investment process, from initial screening and due diligence, through approval and post-investment monitoring. The role will encompass a wide-range of North American private and public life science companies.

Key Accountabilities

• Assessing investment opportunities in the Technology sectors (software, hardware, IT Services)

• Performing deal evaluation, due diligence, industry / company analysis and financial modeling, as well as supporting the investment team.

• Monitoring market trends and closely tracking the tech portfolio to assess and manage risk.

• Maintain and develop client relationships, exploring opportunities to provide additional credit and non-credit services. 

• Seek to become trusted advisor through regular client contact and relationship building.

Cross-Functional Relationships

• Partners with trading, risk, and other teams across the firm to enhance CIBC’s functional capabilities.

• Effectively foster client and market relationships.

• Collaborate and engage with CIBC operational and cash management counterparts to ensure optimal client experience

Knowledge And Skills

• At least 0-3 years of professional work experience

• Experience in healthcare, investment banking, consulting, or industry experience is a plus.

• Understanding of US regulatory system for medical devices, diagnostics, and pharmaceuticals.

• Strong analytical insight and spreadsheet modeling skills, as well as a complete understanding of financial statements and principles of accounting.

• Self-starter with a proven ability to manage multiple priorities and to work independently.

• Good communication, interpersonal & team skills. Comfortable with working in a cross-border, multi-cultural team-based environment.

• Must be highly motivated, perseverant and resilient in pursuing objectives despite challenges.

• Strong negotiating, relationship management and sales skills.

• Possess mature business judgment and be proactive, well organized and results-oriented.

• Must have ability to travel as needed.

Working Conditions

• This role operates within a collaborative team-oriented environment with external client interaction and focus.

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, 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.

Conduct and Culture Risk

Our 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 institution

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $80,000- $115,000for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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 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 .

Job Location

NY-300 Madison Ave., 6th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Business Development, Client Relationship, Customer Experience (CX), Financial Statements, Lending, Portfolio Reviews, Researching

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us. #J-18808-Ljbffr

Job Tags

Holiday work, Full time, Work experience placement, Bank staff, Work visa,

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