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

What you’ll be doing:

The Senior Special Loans Risk Manager is a seasoned expert responsible for assisting in the administration and management of high risk and impaired accounts to maximize shareholder value and minimize capital erosion of high risk and impaired assets. The role works with minimal direction on complex projects using deep knowledge in their field of expertise, maximizing the recovery of non-performing loans and restoring deteriorating loans to health to preserve CIBC’s capital. The Senior Special Loans Risk Manager manages a designated selection of accounts including non-performing loans, debts written off, assets in the loan realization account, and certain high-risk performing loans, developing action plans to curb credit problems related to specific accounts. The role exercises considerable judgement for decision making, providing innovative ideas including the use of third party service providers such as trustees, legal counsel, and bailiffs to introduce superior recoveries at acceptable expense.

How you’ll succeed:

Representing servicers and lenders in connection with the workout and enforcement of distressed commercial real estate loans. Reviewing, drafting, and negotiating loan documents, modifications, forbearance agreements, and similar documents; reviewing, analyzing, and managing legal due diligence (including organizational documents and structure; title, survey, and lease review; and legal opinions); and managing and closing complex commercial real estate loan workout transactions. Comfortable training and managing junior associates.

Who you are:

Bachelor’s Degree in related field or equivalent work experience requiredMBA preferredJuris doctorate degree required, from an accredited law school, be admitted to and in good standing with the relevant jurisdiction’s bar (law school transcripts needed to confirm outstanding academic record)Minimum 4-6 years of experience in banking / finance industry requiredExperience with CMBS loans and hospitality finance an asset Comfortable training and managing junior associates and paralegals Excellent oral and written communications Special Assets experience preferredProven track record in commercial lending with emphasis in commercial real estateExtensive knowledge of commercial real estate accounting, financial statement analysis, cash flow analysis, and CRE workoutsKnowledge and understanding of CRE debt disposition strategiesThorough knowledge of Microsoft Office, including Word, Excel, and PowerPointStrong analytical backgroundKnowledge of financial and legal processes and principles associated with commercial lendingAbility to analyze and recommend appropriate steps to be taken in workout situationsSense of urgency, going above and beyond in a fast-paced work environmentAttention to detail, accuracy, and consistencyAbility to effectively communicate and interact with borrowers, external business partners, internal business partners, and stakeholders of the CRE debt disposition processInteract constructively within reporting structure and across organizational boundariesWorking knowledge of operational process improvement preferredStrong focus on providing quality service to internal and external customersValues matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

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At CIBC, we offer a competitive total rewards package.  This role has an expected salary range of $146,000 - $243,000 for the New York, New York 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 also may 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. 

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.

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

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Credit Proposals, Credit Risk Management, Decision Making, Ensure Compliance, Financial Analysis, Group Problem Solving