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

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 preparedInteract with cross-vertical CRE Deal Team members and Credit Risk Management to achieve ultimate approval for renewals and modifications to existing businessDirect client contact as needed in coordination with the Deal Team(s) supportEnsure all customer financial reporting / covenants are collected on time and monitored for assigned portfolioAccountable for necessary analysis and documentation to achieve credit actions (e.g., structure, waivers, modifications) for assigned portfolioComplete 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 portfolioFunction 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 portfolioConduct site visits and work to gain market expertise in locations where the bank has large exposure or growing exposureBe engaged and informed of pipeline as deals progress through the underwriting and closing processParticipate in industry events to keep current market knowledge and client relationshipsRecommend appropriate risk ratings for assigned portfolio in collaboration with GPM Team Lead and/or RGPMEscalate “Issues List” to GPM TL or RGPM and consult with cross-vertical deal team members from loan document negotiationSupport GPM TL and/or RGPM regarding Risk Rating SOX control validationEscalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to RGPM and/or GPM TLServe 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 activitiesRemain 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 portfolioEngage 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 portfolioWork 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 followedProvide proper materials and submissions as needed to support the HPA in response to regulators and auditors - internal and externalSupport 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 neededEnsure that the RGPM and/or GPM TL, HAM  have the appropriate materials and submissions as needed to support regulatory filingsRespond to the GPM TL and/or RGPM, HAM and HPA on product risk statement and segment risk statement breaches, if applicableEscalate 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 initiativesMaintain 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 controlsAt all times acting by our purpose and shared values, to achieve our Bank’s strategic goalsUnderstanding and following the qualitative and quantitative components of our Risk Appetite StatementsCompleting 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 undertakingsEscalating 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 controlsSpeaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholdersEscalating 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 managementUnderstanding 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 productsExcellent written and verbal communication skillsStrong analytical and problem-solving skillsResults oriented with a high degree of attention to detailExceptional interpersonal and relationship building skillsDemonstrated ability to influence and negotiate up, down and laterallyAbility to provide credit expertise within Commercial Real EstateExpected 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 modelingAttend 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