High Yield Credit Analyst

Job title:

High Yield Credit Analyst

Company

CIBC

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 visitWhat you’ll be doingReporting to the Portfolio Manager, the Analyst will be an integral member of the high yield team within the fixed income group. You’ll 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. You’ll also contribute to the team’s portfolio construction and decision-making process and 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 succeedCredit analysis – Conduct rigorous credit analysis of investment opportunities and ongoing due diligence of portfolio holdings.Financial models – Construct and maintain financial models with forward projections and issuer credit summaries.Industry analysis – Conduct industry analysis and form fundamental views of assigned sectors.Relative value analysis – Perform relative value analysis of assigned sectors and form views on both relative value and total return potential of individual investment opportunities.Collaborate – Actively collaborate with other team members, analysts, and portfolio managers within CIBC Asset Management.Relationship building – Establish and maintain relationships within the leveraged finance community, including sell-side analysts, sales coverage and traders.Who you areYou give meaning to data. You possess strong credit analysis skills. This includes the ability to analyze and assess the business and financial risks of a company.You can demonstrate experience in leveraged finance markets, particularly the U.S. high yield bond market.Technical skills. You are proficient with MS Excel and Bloomberg.You have a degree/diploma or a completion of a related undergraduate degree or MBA. It’s an asset if you are a CFA chart holder or pursuing it.You have strong communication and interpersonal skills to convey information in both written and verbal formats.You’re motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.You have the ability to perform under pressure to prioritize and multi-task responsibilities.Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.What CIBC OffersAt 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 competitive compensation, 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 conditionsWhat you need to knowCIBC 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 contactYou 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.Job Location Toronto-161 Bay St., 22ndEmployment Type RegularWeekly Hours 37.5Skills Credit Analysis, Financial Modeling, High Yield Bonds, Microsoft Excel, Relative Value Analysis

Expected salary

Location

Toronto, ON

Job date

Sat, 27 Jul 2024 04:06:09 GMT

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