Director, Trading Documentation

New York, NY

Full time

2621783

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 (https://www.cibc.com/en/about-cibc.html)

What you'll be doing

Reporting to the Executive Director, Trading Documentation, and supporting the Managing Counsel & General Manager, Derivatives and Trading Documentation, the successful candidate will be responsible for the negotiation and execution of Global Master Repurchase Agreements, Master Repurchase Agreements, Cleared / Sponsored Repo documentation, and other agreements in respect of derivative transactions, and other trading products, 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 trading documentation reflects 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.

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 succeed

• Negotiation leadership - Negotiate GMRA, MRA, and SIFMA Master Treasury Clearing Agreements and other master agreements related to derivatives and securities financing transactions. The incumbent should have a strong knowledge of, and be capable of reviewing all REPO documentation including the 2000 and 2011 GMRA versions and the 1996 MRA. The incumbent will preferably have familiarity and experience with the sponsored repurchase market including familiarity with the new industry standard 2026 SIFMA documentation to govern sponsored repurchase transactions.

• Documentation oversight - Apply and communicate the bank’s documentation policies and procedures for trading products in alignment with internal standards and applicable regulatory and industry requirements. Help identify practical solutions to support regulatory change and promote consistency across documentation practices.

• Risk management support - Help ensure the most appropriate documentation is in place to mitigate credit risk and manage capital implications. Familiarity with industry-published enforceability opinions regarding netting and collateral is an asset.

• Platform and data management - Use internal and third-party online platforms to negotiate client-facing contracts and to access, update, and maintain information in support of the bank’s trading, regulatory compliance, and collateral management requirements. Ensure information is accurate, current, and maintained in accordance with established guidelines and procedures.

• Relationship management - Build strong working relationships with trading desk personnel, relationship managers, senior risk management partners, corporate clients, peer institutions, and regulators. Provide clear guidance, negotiate effectively, and support stakeholders across a range of complex documentation matters.

Who you are

• You have deep expertise in trading documentation. You bring 5+ years’ experience from a leading financial institution or law firm with strong knowledge of repo / cleared repo documentation, along with advanced drafting, communication, and analytical skills. You have a strong understanding of GMRA, MRA and related agreements, and other derivatives and securities financing documentation.

• You’re a thoughtful problem-solver. You’re highly detail oriented and comfortable working through complex issues with sound judgment. You can explain technical concepts clearly to internal partners and clients.

• You’re digitally confident. You’re comfortable learning and using internal and third-party online platforms that support trading, regulatory compliance, and collateral management activities. You use technology effectively to manage documentation workflows and maintain accurate records.

• You have relevant legal and regulatory knowledge. You’re familiar with credit agreements, security documents, intercreditor agreements, and related documentation, and you can review these materials efficiently to assess the bank’s security position. You also understand regulatory requirements related to onboarding derivatives clients, including Know Your Client (KYC) and Dodd-Frank requirements.

• You have the right credentials. You have a law degree. Experience working at a law firm or as in-house counsel at a financial institution is considered an asset.

• Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.

This role has an expected salary range of $150,000 USD - $175,000 USD based on experience, qualifications, and location (salary differential for different locations will be discussed during the interview). The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs, including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off, Holidays, and 401(k), plus other special perks 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. # LI-TA

This position is not eligible for employment sponsorship

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 benefits program*, 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

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 [email protected]

• 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, 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.

California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/privacy-security/california-consumer-privacy-act-employment.html)

Job Location

NY-New York, 300 Madison Ave Fl 6

Employment Type

Regular

Weekly Hours

40

Skills

Accountability, Contract Agreements, Documentations, Negotiation, Relationship Management, Teamwork

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 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.