Associate Private Banking Advisor

CIBC•Oakville, ON

1d•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 What You'll be Doing You will be responsible for working with a Senior Private Banker in effectively managing and growing a portfolio of cash management, lending and investment products and services which increases overall profit contribution to CIBC Private Wealth Management. You will provide exceptional service to your team’s UHNW Private Banking clients by assisting them with their transactional banking needs on a reactive and proactive basis. You will support the Senior Private Banker as your team introduces your clients to partners across the Bank, including Wealth Strategy, Commercial Banking, Wood Gundy, Private Investment Counsel, Trust, Bank USA and others. 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.

Requirements

Current accreditation and in good standing as an Investment Representative (IR) with Canadian Investment Regulatory Organization - Investment Dealer (CIRO-ID).
Professional Financial Planning Course and continuing education to Certified Financial Planners Designation.
Experience in concepts of personal financial planning.
Strong knowledge of all banking, investment and credit products and services.
Financial services experience in private banking, wealth advisory, or brokerage.
Relationship management skills sufficient to build strong relationships with customers, to identify partnership and consolidation opportunities.
Demonstrated success in ability to build and maintain new client relationships.
Established profile in the local business community.
Knowledge of a diverse marketplace and needs of local clients.
Enjoy an active role in community events, charitable organizations and industry associations.
Bring your real self to work and live CIBC values – trust, teamwork and accountability.

Responsibilities

Manage and grow a portfolio of cash management, lending and investment products and services.
Provide exceptional service to UHNW Private Banking clients with their transactional banking needs.
Support the Senior Private Banker in introducing clients to partners across the Bank.
Contribute to the group’s High Net Worth (HNW) business by building a portfolio of HNW clients.
Perform risk assessment and in-depth financial analysis on potential or existing High New Worth clients.
Resolve complex credit issues for clients by working closely with Credit Specialists and Commercial Banking.
Provide specialized services to key HNW markets like professional services to partners of major law, accounting and medical businesses, as well as providing private banking services to HNW clients of Wood Gundy.
Review client portfolios and financial needs from a holistic perspective and identify opportunities to broaden the client’s suite of products and services.
Meet regularly with clients to conduct portfolio reviews and introduce new product and service solutions.
Understand wealth generation by small to medium business enterprises and the complexity of monetizing their value.
Acquire new clients who have sophisticated financial needs, are people of influence and/or who require complex global financial solutions.
Search for and develop untapped opportunities to promote CIBC Private Wealth Management within the HNW market.
Represent CIBC on Boards, participate in charitable organizations and engage in appropriate social networks.
Play an active role in large deal teams focusing on ultra HNW clients.
Continuously update knowledge and skills regarding current events, economic and financial environment, trends, product developments, and legislative changes.
Be involved in the community through participation in business and industry associations, and aid in the development of a professional network.

Benefits

Competitive salary
Incentive pay
Banking benefits
Benefits program
Defined benefit pension plan
Employee share purchase plan
Vacation offering
Wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development