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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
The Sr. AM is a client facing role whose primary purpose is to ensure objectives related to asset management and portfolio maintenance, including some new business activities. Sr. AM actively oversees their assigned loan portfolio and performs ongoing due diligence efforts and financial and risk analysis of their portfolio’s underlying assets. The Sr. AM is accountable for all material presented in a post-closing loan life cycle for their assigned portfolio. This position will support efforts regarding continued development and evolution of asset management based on market conditions and will work in close collaboration with assigned Client Managers (“CM”), Market Leads (“ML”) and Group Heads (“GH”) as well as their Regional Group Portfolio Manager (“RGPM”) or Group Portfolio Manager (“GPM TL”) as applicable. The role has both external and internal responsibilities, including direct engagement with Syndications and Capital Markets, amongst others. The Sr. AM will also have direct client interaction and will be responsible for maintaining our client-focused nature within the CRE business.
KEY ACCOUNTABILITIES / RESPONSIBILITIES
Credit Approval
- Exercise non-credit approval authority up to approved limits
Client Portfolio Maintenance/Client Sales/Onboarding/Closing
- Demonstrated expertise in all aspects of the credit life cycle (i.e., underwriting, loan presentations, closing, etc.)
- Accountable for accuracy of loan approval documents prepared
- Interact with cross-vertical CRE Deal Team members and Credit Risk Management to achieve ultimate approval for renewals and modifications to existing business
- Direct client contact as needed in coordination with the Deal Team(s) support
- Ensure all customer financial reporting / covenants are collected on time and monitored for assigned portfolio
- Accountable for necessary analysis and documentation to achieve credit actions (e.g., structure, waivers, modifications) for assigned portfolio
- Complete portfolio responsibilities including portfolio reviews, renewals and reporting in a timely manner (quarterly and annually), 64 Reviews, Shared National Credits, CAMP, FAS 114 memos, etc. for credits in portfolio
- Function as a resource for GPM Team Lead and/or RGPM in preparation for any portfolio review related meetings and actively communicate knowledge of the risk points within the portfolio
- Conduct site visits and work to gain market expertise in locations where the bank has large exposure or growing exposure
- Be engaged and informed of pipeline as deals progress through the underwriting and closing process
- Participate in industry events to keep current market knowledge and client relationships
- Recommend appropriate risk ratings for assigned portfolio in collaboration with GPM Team Lead and/or RGPM
- Escalate “Issues List” to GPM TL or RGPM and consult with cross-vertical deal team members from loan document negotiation
- Support GPM TL and/or RGPM regarding Risk Rating SOX control validation
- Escalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to RGPM and/or GPM TL
- Serve as the client’s primary contact/resource/advocate at the Bank for portfolio-related issues/reporting/maintenance or new requests on existing credit as well as renewal activities with existing clients ensuring the Deal Team(s) remain informed of all activities
- Remain active and engaged in periodic client calls and visits as appropriate and agreed to by any combination of the RHs, MLs, GHs, HDP, HPA, PCRE.
- Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator for loan modifications and non-material amendments for assigned portfolio
- Engage Deal Team as needed; primarily with respect to material changes to negotiated business terms with the client
Risk Management
- Support LOB activities pertaining to Asset Management for assigned portfolio
- Work with RGPM and/or GPM TL on evolving trends in Commercial Real Estate. Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed
- Provide proper materials and submissions as needed to support the HPA in response to regulators and auditors - internal and external
- Support the RGPM, GPM TL and HPA to ensure issue remediation strategy is sufficient, sustainable, and prompt (in accordance with remediation plan/target date). Support the HPA in developing and executing management action plans, collaborating with Governance & Controls team (1B), Independent Risk Management (as needed per the applicable policies, procedures, standards, and guidelines), and Audit as needed
- Ensure that the RGPM and/or GPM TL, HAM have the appropriate materials and submissions as needed to support regulatory filings
- Respond to the GPM TL and/or RGPM, HAM and HPA on product risk statement and segment risk statement breaches, if applicable
- Escalate data incident reports and ensure information is captured accurately (including root cause, impact, and control analysis)
- Support the RGPM, HAM, GPMs & HPA by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e., review of specific credits)
CROSS-FUNCTIONAL RELATIONSHIPS
- Build and support cross-functional partnerships and networks to contribute and drive strong execution around key business initiatives
- Maintain strong partnerships with other business functions/units (i.e., Credit Risk Management, Finance, etc.)
RISK & COMPLIANCE
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 by 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
- 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
AUTHORITIES/DECISION RIGHTS
- As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
KNOWLEDGE AND SKILLS
- Minimum of 6 years of applicable experience in underwriting, structuring, loan closing, documentation, and asset management
- Understanding of financial risks (i.e., credit, market and/or liquidity) and/or non-financial risks (i.e., operational, compliance, reputation, strategic), and of financial services businesses and products
- Excellent written and verbal communication skills
- Strong analytical and problem-solving skills
- Results oriented with a high degree of attention to detail
- Exceptional interpersonal and relationship building skills
- Demonstrated ability to influence and negotiate up, down and laterally
- Ability to provide credit expertise within Commercial Real Estate
- Expected to be well versed in all key systems, applications, and models used including proficiency in Microsoft Office products with advanced knowledge of financial analysis and modeling
- Attend industry events to maintain current market knowledge
WORKING CONDITIONS
- This role works within a normal office environment with little exposure to adverse working conditions.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000 - $145,000 for the 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 may also 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.
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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 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.
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.
Job Location
IL-120 S LaSalle St, 11th Fl
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Decision Making, Analytical Thinking, Business Credit, Business Development, Credit Processes, Credit Proposals, Credit Risk Management, Ensure Compliance, Financial Analysis, Group Problem Solving, Portfolio Management
