Credit Officer

CIBC•New York, NY

1d•$160,000 - $170,000

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 Join CIBC US as a Credit Officer and play a vital role in supporting our mission to deliver best-in-class commercial and wealth management financial solutions for clients across North America. As part of our US team, headquartered in Chicago and serving clients coast to coast, you'll lead credit risk management activities for a diverse commercial portfolio. In this role, you'll assist with the coaching and development of a team of credit professionals, oversee underwriting and credit approval processes, and ensure seamless client onboarding and portfolio maintenance. You'll act as a strategic partner to Relationship Managers (RMs), Market Leads, and Group Heads, providing expert guidance on deal structuring, risk assessment, and regulatory compliance. Your leadership will be essential in maintaining a strong risk culture, upholding CIBC’s values, and supporting our continued growth in the US market. How you'll succeed Leadership and Development – Contribute to CIBC’s high-performing culture by providing coaching, developing and feedback to first line partners responsible for underwriting transactions. Ensure your first line partners understand how your feedback contributes to CIBC’s goals and fosters a positive, inclusive environment. Credit Underwriting and Approval – Oversee and provide guidance on underwriting, structuring, and credit approval for commercial banking transactions. Exercise credit approval authority within assigned limits and ensure all deals are aligned with CIBC’s risk appetite and policies. Client Onboarding and Relationship Management – Collaborate with Deal Teams to optimize the client onboarding and closing experience. Act as an escalation point for resolving issues, and maintain direct client contact as needed. Portfolio Oversight and Maintenance – Engage with Relationship Managers, Portfolio Managers, and Associates to proactively address portfolio issues and ensure timely execution of reviews, renewals, and reporting. Sign off on risk ratings, pricing grids, and compliance-related reviews. Regulatory and Compliance Oversight – Ensure compliance with all applicable CIBC and business line policies, standards, and controls. Support the team’s readiness for internal and external audits, regulatory exams, and quarterly reviews. Mentorship and Training – Train and mentor team members on the latest policies, procedures, and industry standards relevant to underwriting and portfolio management. Serve as a resource for credit and non-credit topics. Operational Excellence – Recommend and implement changes to business processes to enhance operational efficiency and effectiveness. Participate in loan committee meetings and represent the group in portfolio reviews. Who you are You’re an experienced credit professional. You have at least 7-10 years of related experience in commercial credit underwriting, structuring, loan closing, documentation, and portfolio management. You’re a strategic leader. You bring proven experience managing and developing teams, setting objectives, and driving performance in a fast-paced environment. You’re client-focused. You excel at building and maintaining strong commercial relationships and act as a trusted advisor to internal and external stakeholders. You have strong analytical skills. You are proficient in financial analysis and modeling, with advanced Microsoft Office skills and familiarity with key banking systems and applications. You’re committed to compliance and risk management. You have a solid understanding of regulatory requirements and risk culture, and you ensure adherence to all policies and controls. You value on-going learning. You stay current with industry trends and best practices, and you have completed a Commercial Banking Training Program or equivalent. Values matter to you. You bring integrity, accountability, and a commitment to CIBC’s purpose-driven culture in everything you do. 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 $160,000- $170,000 for the market based on experience, qualifications, and location of the position (salary range varies based on the location which will be discussed at the time of the interview). 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 This job is not eligible for employment sponsorship. 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.

Requirements

You’re an experienced credit professional. You have at least 7-10 years of related experience in commercial credit underwriting, structuring, loan closing, documentation, and portfolio management.
You’re a strategic leader. You bring proven experience managing and developing teams, setting objectives, and driving performance in a fast-paced environment.
You’re client-focused. You excel at building and maintaining strong commercial relationships and act as a trusted advisor to internal and external stakeholders.
You have strong analytical skills. You are proficient in financial analysis and modeling, with advanced Microsoft Office skills and familiarity with key banking systems and applications.
You’re committed to compliance and risk management. You have a solid understanding of regulatory requirements and risk culture, and you ensure adherence to all policies and controls.
You value on-going learning. You stay current with industry trends and best practices, and you have completed a Commercial Banking Training Program or equivalent.
Values matter to you. You bring integrity, accountability, and a commitment to CIBC’s purpose-driven culture in everything you do.

Responsibilities

Leadership and Development – Contribute to CIBC’s high-performing culture by providing coaching, developing and feedback to first line partners responsible for underwriting transactions. Ensure your first line partners understand how your feedback contributes to CIBC’s goals and fosters a positive, inclusive environment.
Credit Underwriting and Approval – Oversee and provide guidance on underwriting, structuring, and credit approval for commercial banking transactions. Exercise credit approval authority within assigned limits and ensure all deals are aligned with CIBC’s risk appetite and policies.
Client Onboarding and Relationship Management – Collaborate with Deal Teams to optimize the client onboarding and closing experience. Act as an escalation point for resolving issues, and maintain direct client contact as needed.
Portfolio Oversight and Maintenance – Engage with Relationship Managers, Portfolio Managers, and Associates to proactively address portfolio issues and ensure timely execution of reviews, renewals, and reporting. Sign off on risk ratings, pricing grids, and compliance-related reviews.
Regulatory and Compliance Oversight – Ensure compliance with all applicable CIBC and business line policies, standards, and controls. Support the team’s readiness for internal and external audits, regulatory exams, and quarterly reviews.
Mentorship and Training – Train and mentor team members on the latest policies, procedures, and industry standards relevant to underwriting and portfolio management. Serve as a resource for credit and non-credit topics.
Operational Excellence – Recommend and implement changes to business processes to enhance operational efficiency and effectiveness. Participate in loan committee meetings and represent the group in portfolio reviews.

Benefits

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.
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.

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