Sr. Commercial Credit Risk Manager
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. As a Senior Commercial Credit Manager reporting to the Senior Director, Credit Risk Management, Ontario Region, you will be responsible for managing the adjudication of a portfolio of Diversified Industries Commercial Banking borrowers. You will adjudicate credit applications within delegated lending authority and ensure that Commercial Banking partners exercise sound credit practices through periodic consultation and visits. You will also be required to liaise closely with CIBC business officers and other risk managers in managing credit risk transactions. 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 3 days per week on-site, while other days will be remote.
Requirements
- Minimum 3-5 years of experience in Commercial Credit Adjudication and/or Commercial Banking.
- Proficient in Microsoft Office Suite.
- Degree in Business, Finance, and/or related field.
- Analytical Thinking
- Business Credit
- Business Development
- Credit Processes
- Credit Proposals
- Credit Risk Management
- Ensure Compliance
- Financial Analysis
- Group Problem Solving
- Portfolio Management
Nice To Haves
- Strong credit risk management expertise with knowledge in lending products, policies and guidelines, local and national market knowledge, and legislative and regulatory requirements-sufficient to provide value-added assistance with adjudication and processes.
Responsibilities
- Review the financial history of applicants and assess exposure to the Bank from a risk/return perspective.
- Approve or decline all credit applications within the designated portfolio.
- Refer accounts to the Senior Director only in those instances where sensitivities of a business or public relations nature necessitate discussions or disclosure at a more senior level.
- Provide ongoing assessment of the portfolio, including the timely review of risk ratings.
- Monitor action plans for high risk/watch list accounts and accounts that could potentially be added to the high risk/watch list accounts list.
- Describe corrective measures to be implemented to address credit related issues.
- Develop corrective measures to address credit related issues and monitor the effectiveness of such measures.
- Partner with Risk Management colleagues and line lending officers on credit risk management matters.
- Assist the relationship managers and market leaders to recommend the best approach to fulfil their credit risk mandate.
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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
