Oppenheimer: A CIBC World Markets Company

A CIBC World Markets Company

totaling nearly $50 billion, including M&A transactions with an aggregate value of $10 billion and financial restructurings involving in excess of $40 billion of securities.

CIBC Oppenheimer

CIBC Oppenheimer’s Investment Banking division is divided into 14 industry groups and two product groups. The industry groups include Automotive, Capital Good, Consumer Growth, Financial Institutions, Healthcare, Industrial Growth, Media & Entertainment, Oil & Gas, Power & Utilities, Public Finance, Technology, Telecommunications, Real Estate and Transportation & Defense. CIBC Oppenheimer’s two product groups are Mergers & Acquisitions and Private Equity. Analysts have the opportunity to work on a wide range of projects such as public and private debt or equity offerings, mergers, exclusive sales, leveraged buyouts, bankruptcies, restructurings and partnership financings. CIBC Oppenheimer has developed a strong reputation within the investment banking community for structuring and implementing complex and innovative financing transactions for small to medium-sized high growth companies. Analysts get the opportunity to work closely with senior bankers and interact directly with clients.

CIBC Oppenheimer’s entrepreneurial approach to investment banking make this financial analyst position a unique opportunity for the mature, driven individual. Financial Analyst training incorporates a formal three week intensive training program designed to expose analysts to the multiple areas of CIBC Oppenheimer, as well as introduce analysts to the fundamentals of finance, accounting, banking and modeling. At any one time, an analyst works on several transactions in teams of two to four professionals. The responsibilities of an analyst include composing descriptive offering and marketing documents, assisting in due diligence investigations, and conducting research in order to better understand a client’s industry and comparable transactions. An important part of an analyst’s contribution to a transaction is the construction of complex financial computer models which analyze the effects of various corporate financing alternatives, business combinations or economic scenarios.

The CIBC Oppenheimer Advantage

Due to the relative size of our investment banking department, financial analysts are required to perform tasks often reserved for associates at our competitors firms. Analysts at CIBC are an integral part of the entire transaction. The transaction teams are usually small in size which allows the analyst to assume greater responsibilities than that of analysts at other firms. Analysts often have the opportunity to interact directly with clients during a transaction through the compilation of due diligence materials, drafting of company documents and the filing and pricing of these transactions. Analysts have the opportunity to interact with many different departments within the firm, whether it be the legal department, the research department, the capital markets/syndicate desk, and sales and trading. This interaction allows the analyst to learn a great deal about all the departments within CIBC and the specific roles they play during the execution of a successful transaction.

Qualifications

We are looking for self-motivated bachelors degree candidates who have a genuine interest in finance – all backgrounds are considered. Financial Analyst candidates do not need to be accounting or finance majors, although strong quantitative and computer skills are helpful. Equally important characteristics are strong interpersonal skills, flexibility, creativity, strong oral and written communication skills and the willingness to work hard. Candidates should be articulate, hard-working team players who can perform well in an often pressurized, challenging environment.

CIBC Oppenheimer

The Group

The U.S. Credit Capital Markets Group was established in 1998 through the internal combination of the Loan Products Group and Loan Underwriting and Distribution in an effort to improve our service to clients in corporate lending transactions. Credit Capital Markets analyzes potential borrowers and transactions, develops and structures lending proposals, obtains the necessary credit authorizations, manages the syndication process, negotiates documentation with clients and managers on-going lending relationships. In client relationships were credit is the sole product, Credit Capital Markets also maintains primary responsibility for the client relationship.

The management of lending relationships is organized along industry lines with specific focus on Consumer Services, Public Finance, Financial Institutions, Media and Telecommunications, Petroleum and Natural Gas, Utilities and Project Finance, Transportation, Information Technology, Healthcare and Industrials.

The Analyst Position

Job responsibilities include assisting in analyzing, structuring and documenting new loans for credit related business. Preparing credit reviews/renewals and term sheets. As an Analyst in Credit Capital Markets you will research, analyze and assist in drafting proposal information in conjunction with Associates and Senior Officers. Individuals working in the Credit Capital Markets Group have the opportunity to become fully conversant with aspects of designated accounts. Analysts conduct credit and corporate finance analysis for existing clients and prospects. The Analyst in the CCM Group will follow-up credit related customer queries and customer service related matters not otherwise covered by Administration and act as liason with ACSC. As directed, liase with other units of CIBC Oppenheimer and Risk Management in preparing credit reviews and proposals for clients financing needs. An Analyst in the Credit Capital Markets group is also responsible for organizing presentations to potential clients, and assisting in the development of presentation information.

Qualifications

Candidates should have a comprehensive knowledge of Business Finance Economics demonstrated through outstanding academic achievement in a B.A. program. Excellent analytical ability including demonstrated knowledge of valuation techniques and practices, including cash flow analysis. Unquestionable professionalism, ethics, reputation and strong sense of teamwork is a must. The successful candidate will posses a high level of knowledge of Corporate Finance theory and practice and financial analysis. Experience in preparing and analyzing complex credit applications/proposals and knowledge of corporate credit and accounting principles relating to financial statement preparation and business combinations and all qualifications desired in the CCM Analyst. The successful Credit Capital Markets candidate will have the ability to very quickly acquire knowledge, demonstrate competence and add value to the transaction and client relationships. We are seeking extremely dedicated and motivated individuals with high career aspirations. These individuals must be capable of assuming significantly increased levels of responsibilities within short time frames. Thorough knowledge of personal computers and spreadsheet software is required. Excellent interpersonal, presentation, oral and written communication skills are all a must. Knowledge of targeted industry is preferred.

Opportunities are available in our New York headquarters or Los Angeles regional office.

CIBC Oppenheimer

The High Yield Group of CIBC Oppenheimer Corp. was formed in the summer of 1995 when the Canadian Imperial Bank of Commerce acquired The Argosy Group L.P., an investment banking boutique founded in February 1990 by senior bankers from Drexel Burnham Lambert. In November 1997, CIBC Wood Gundy Securities Corp. acquired Oppenheimer & Co., Inc., creating CIBC Oppenheimer Corp. The acquisition completed CIBC’s transition into a full-service global investment bank with a full range of debt and equity financing capabilities.

The High Yield Group offers recent graduates the opportunity to work with several different financial products and services across a broad range of industries. Our group focuses on providing five of the most sophisticated and exciting investment banking products and services:

1. High Yield Debt;
2. Mergers and Acquisitions
3. Merchant Banking
4. Mezzanine Finance; and
5. Restructuring Advisory

The High Yield Group has been extremely active in the high yield market, having completed 200 financings for in excess of $27 billion since 1995. Through our merchant banking fund, the High Yield Group invests as a principal in leveraged buyout transactions and other investment opportunities. Furthermore, the High Yield Group has been engaged in over 100 advisory assignments totaling nearly $50 billion, including M&A transactions with an aggregate value of $10 billion and financial restructurings involving in excess of $40 billion of securities.

The Financial Analyst Position

The High Yield Group’s corporate finance department is seeking to hire seven to ten highly motivated graduating seniors as financial analysts. Each analyst will work on transaction teams to support senior professionals on a variety of corporate finance assignments. Analysts will be involved in all aspects of originating and executing transactions, from preliminary meetings to closings. Specific tasks include financial modeling and analysis, company valuation, corporate and indust6ry research, preparation of security offerings and presentation materials, creation of presentations, visiting company facilities, conducting due diligence and marketing transactions. Analysts in the High Yield Group will interact frequently with the senior management of the firm’s clients.

While the majority of training will be "on the job" financial analysts will go through an extensive three-week training program with focused course work in accounting, financial statement analysis, research and valuation techniques. Candidates should possess strong interpersonal and communication skills and should be comfortable working in a complex quantitative environment. Candidates should also possess a high level of energy and be motivated to produce superior quality work. An undergraduate major in finance, accounting or economics is not a prerequisite for the analyst position. The current high yield analysts come from a diverse range of educational backgrounds, including majors such as Anthropology, Asian Studies, Economics, History and Political Science.

Because the High Yield Group is growing rapidly, it offers a unique opportunity for graduating seniors to pursue a career in a fast-paced, highly challenging, and rewarding work environment. The High Yield Group’s entrepreneurial character encourages financial analysts to assume significant responsibility early in their careers as they gain extensive client contact and direct exposure to senior professionals. Because the High Yield Group’s analyst program involves such a high level of responsibility, as well as a focus on live transactions, rewards for performance are generous and include opportunities to advance to the associate level and beyond without the typical prerequisite of a graduate business degree. Most importantly, the High Yield Group offers it s analysts a true investment banking generalist experience: The opportunity to work with a variety of financial products while executing complex transactions for companies in many different industries.