Asset Based Lending - Portfolio Manager/Underwriter

Canadian Imperial Bank of Commerce • Chicago, IL

7d • $150,000 - $200,000 • Hybrid

About The Position

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. JOB PURPOSE The Portfolio Manager build s credible relationships based on what is good for the Bank and what is good for the client, with a genuine belief that personal success will be a result of client success . Act as a CIBC’s senior relationship manager for commercial banking’s larger clients and prospective clients, requiring in-depth relationship coverage and customized financial solutions. The primary focus is on the origination of new clients, and new opportunities with existing clients. As primary relationship manager, the Senior Director holds ultimate client and credit risk accountability, and maximizes profitability of major account relationships ensuring RAR, and RAROC objectives are met. What You'll Be Doing : Manage a portfolio of Asset Based clients Become a trusted advisor with our clients to deliver the entire bank to them Hold client discussions to negotiate credit terms and structures Meet all compliance and regulatory requirements Negotiate legal documents with outside attorney At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 4 days per week on-site, while 1 day will be remote. How You'll Succeed: Compliance :As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. Efficiency : 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. CONDUCT & CULTURE RISK 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 in accordance with 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 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

Requirements

• College Degree with Accounting/ Finance
• 10+ years of ABL credit experience
• Working knowledge of ABLE or STUCKY operating system
• Self-Starter, takes initiative
• Basic Microsoft Office and web-enabled prospecting skills
• Excellent verbal, interpersonal and written communication skills

Responsibilities

• Manage a portfolio of Asset Based clients
• Become a trusted advisor with our clients to deliver the entire bank to them
• Hold client discussions to negotiate credit terms and structures
• Meet all compliance and regulatory requirements
• Negotiate legal documents with outside attorney

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $150,000.00- $200,000.00 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees