Senior Portfolio Manager

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. Portfolio Manager primary purpose is to ensure objectives related 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. The Sr. Portfolio Manager will be responsible for but not limited to the following activities. Primary responsibilities for this position will be that of Underwriting and Portfolio Management and execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

What You'll Be Doing

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

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 ensure accurate risk ratings at all times for covered portfolio
• Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.
• Review borrowing base availability and approve loan advances
• Coordinate onboarding, deposit account opening and TM setup activities
• Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.
• Review borrowing base availability and approve loan advances
• 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 needed

Client Penetration/Cross Sell

• Consults with the RM on cross-sell opportunities

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)

Who You Are

• You have 10+ years of demonstrated experience in underwriting, structuring, loan closing, documentation, and portfolio management
• You have demonstrated experience with credit expertise within a specific commercial banking industry or vertical
• You have strong technical skills and well versed in all key systems, applications, and models used
• You have completed a Commercial Banking Training Program or equivalent

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $180,000 - 190,000 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 [email protected]
• 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, 7th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Banking Industry, Business Loans, Client Calls, Credit, Risk Appetite, Risk Ratings