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Analyst - Oil & Gas - Corporate Banking
BUSINESS UNIT DESCRIPTION
CIBC World Markets is the wholesale and corporate banking arm of CIBC, providing corporate, government, and institutional clients with innovative solutions to help them raise capital, and grow and invest actively throughout North America and key financial centres around the world. To deliver on its mandate to be the premier client-focused bank in Canada, CIBC's banking business focuses its strengths to deliver outstanding service and value to its clients. Our mission is to bring Canadian Capital Markets products to Canada and the rest of the world, and also bring the world to Canada.
Through industry specialty groups (including energy, real estate, media and telecommunications, mining, forest products, financial institutions and diversified industries), Corporate Banking (CB) is responsible for originating, structuring, syndicating, and managing investment and non-investment grade credit-related products for CIBC wholesale banking's corporate clients. CB professionals work closely with Investment Banking, Mergers and Acquisitions, Equity Capital Markets, Merchant Banking and Capital Markets in providing financing solutions to our clients.
The Analyst/Associate for Corporate Banking provides corporate credit analysis and transactional support within Corporate Banking and assists with managing the credit relationship between CIBC's wholesale bank and clients primarily with US Oil & Gas - E&P companies as well as Midstream companies, including both reserve-based lending, covenant-based lending and trading lines for energy/commodity derivatives. This necessitates maintaining an awareness of the client, company, industry, regulatory issues, relevant economic/political trends and client needs as well as tailoring coverage and financing solutions to meet client needs. Experience with U.S. based oil and gas companies is highly desired.
- Conducts credit and financial analysis, both for existing clients and on new financing opportunities
- Researches and analyses information and drafts credit proposals in conjunction with Directors, Executive Directors and/or the Managing Director
- Establishes and maintains contact with clients throughout the due diligence process to obtain/provide information and advice, conduct interviews and relay information regarding the process and CIBC's requirements
- Assists in analyzing, structuring and documenting new loan transactions
- Is familiar with appropriate due diligence criteria and effectively conducts such analysis and investigation to provide CIBC with an appropriate “due diligence defense” under applicable securities legislation
- Organizes presentations to potential clients, assisting in the development of presentation information
- Follows up credit-related customer queries and customer service-related matters not otherwise covered by Credit Processing Services. Acts as liaison with officers of Credit Processing Services
- Liaises with other units of CIBC, CIBC Wholesale Banking and Risk Management in preparing credit reviews and proposals for clients' financing needs
- Oversees and/or participates in the conduct of research and collection of information to assist in the identification and analysis of potential business transactions
- Assists in the on-going monitoring of the terms and conditions of approved credit arrangements and appropriately identifies any relevant changes in the financial condition/business of a client
- Ensures that recommendation and opinions offered to clients are in compliance with legislation and at all times maintains the professional standards and policies of CIBC
- This job works with the department's Managing Director, Executive Directors and Directors as well as other Associates/Analysts
- This job must effectively foster client relationships
- This job acts as a liaison with officers of Credit Processing Services
- This job liaises with other units of CIBC, CIBC Wholesale Banking and Risk Management
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
- Enterprise-wide accountability
- Responsibility for the U.S. Region
- This job provides credit analysis and transactional support, and also ensures compliance with internal and external requirements
KNOWLEDGE AND SKILLS
- Bachelors degree in Business, C.P.A. or C.F.A.; previous corporate finance, energy-specific corporate lending experience is preferred
- Knowledge of the U.S. energy sector (upstream, midstream, refining) and US reserve based lending practices is preferred
- Excellent analytical ability including demonstrated knowledge of valuation techniques and practices, including cash flow analysis
- Ability to work well and excel in a team environment
- Thorough understanding of Corporate Finance theories and practices, well-developed financial analysis skills, including financial modeling
- Excellent understanding of financial statements and accounting principles
- Well-developed organizational skills in order to respond to shifting priorities on several simultaneous projects
- Demonstrated job commitment including a willingness to work extended hours and personal flexibility and adaptability in order to meet client requirements
- Develop financial models to assist in structuring transactions and perform sensitivity analysis
- Excellent interpersonal, presentation, oral and written communication skills in order to convey factual and conceptual information to others and promote the interests of CIBC
- This role operates within a normal office environment with little exposure to adverse working conditions.