Job Description

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

JOB PURPOSE

The Portfolio Manager’sprimarypurpose is to ensureobjectivesrelated to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.

KEY ACCOUNTABILITIES/ RESPONSIBILITIES

The Portfolio Manager willbe responsible forbut not limited to the following activities.

Primary responsibilities for this position will be that of Underwriting and Portfolio Managementand executionof 1A risk management activities in a manner consistent with CIBC’s risk culture.

Client Sales

• Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit

• Renewal activities with existing clients – PM leading associated activities with RM input

• Remain active and engaged in periodic client calls and visits for assigned portfolio

• Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)

Client Onboarding/Closing

• Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator

• Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client

Underwriting/Credit Approval

• Drives new transactions by leading activities related toNewDeals Committee, Prescreen and initial term sheet negotiationResponsible for the LP prior to submission for credit approval while providing direction to therelationshipteam.

• Non-credit approval authority up to approved limits

Client Portfolio Maintenance

• Work with CIS Relationship Support to update / correct identified data issues

• Address upcoming maturities and annual reviews on time; help remediate payment past dues

• Ensure all customer financial reporting / covenants are collected on time

• Support closing team to ensure collection of outstanding loan document exceptions

• Follow up on past due real estate taxes / insurance certificates to clear exceptions

• Prepare CAMP reports and quarterly trend cards / reviews

• Prepare FAS 114 memo / analysis

• Complete quarterly SOX controls and ensureaccuraterisk ratings at all times for covered portfolio

• Respond toapprovalrequests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.

• Review borrowing base availability and approve loan advances

• Perform loan structuring in support of underwriting and credit approval

• Coordinate onboarding, deposit account opening and TM setup activities

• Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly

• Remain active and engaged in periodic client calls and visits for assigned portfolio

• Renewal activities with existing clients – PM leading associated activities with RM input

• Has direct client contact in performing responsibilities as neededin coordination with the Relationship Manager

Client Penetration/Cross Sell

• Consults with the RM on cross-sell opportunities

• Conducts pre-call planning and post-call follow-up

Management Responsibilities and Team Training

• Mentor and provide situational training support to Associates and Sr. Associates

Risk Management

• Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e.review of specific credits)

CROSS-FUNCTIONAL RELATIONSHIPS

• Maintain strong partnerships with other business functions/units (i.e.Private Wealth, cross-sellpartnersand Loan Services)

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

• As an employee of CIBC, the incumbent mustcomply withall applicable CIBC and Line of Business policies, standards,guidelinesand controls.  

AUTHORITIES/DECISION RIGHTS

• As a key contributor to the business unit, this job has the authority to recommend changes to business processesin order toenhance operational efficiency and effectiveness.

RISK & COMPLIANCE

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and ourleadership’sidentification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.  Weall areaccountable for managing risk.

As an employee ofCIBCthe incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strongriskculture. This includes:

• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines,processesand controls

• At all times actingin accordance withour 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 anyadditionalbusiness-specific modules, asrequiredand employing the learnings in daily activities and undertakings

• Escalating matters through one of theappropriate channelsidentifiedin the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) uponobservingactivities that may be inconsistent with CIBC’s policies, frameworks, guidelines,processesand controls

• Speaking up ifwitnessingbehaviors that drive poor or unfair outcomes for clients, teammembersor other stakeholders

• Escalating matters that can result in adverse market practices and outcomes, thereby negativelyimpactingCIBC’s reputation as a leading financial institution

KNOWLEDGE AND SKILLS

• Bachelor’s degree preferred

• Minimum6yearsof experienceincludingunderwriting, structuring, loan closing, documentation, and portfolio management

• Ability to produce an LP independently

• Proficientin loanstructuring to effectively mitigate risk

• Expected to be well versed in all key systems, applications, and models used
  Completion of Commercial Banking Training Program or equivalent

WORKING CONDITIONS

• This roleoperateswithin a normal office environment with little exposure to adverse working conditions.

• Occasional travelrequired

California residents — your privacy rights regarding your actual or prospective employment 

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $115,00.00-$135,000.00 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.

#LI-TA

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

MO-1401 South Brentwood Blvd.

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Banking, Business Development, Cash Management, Client Service, Credit, Financial Advising, Portfolio Management, Results-Oriented