Private Banker

CIBC • Chicago, IL

8d • $125,000 - $200,000

About The Position

As a Private Banker, you will cultivate new and manage existing high-net-worth (HNW) and ultra-high-net-worth (UHNW) client relationships, providing tailored banking and lending solutions. You will oversee a portfolio of relationships, ensuring strong sales execution, portfolio management, and adherence to risk standards.

You will use an existing external network and centers of influence and collaborate with internal partners, including CIBC Private Wealth Management and CIBC Commercial Banking, to develop new relationships. Working as a team with a focus on clients’ lending and deposit needs, you will seek to deepen existing relationships and achieve profitable growth of strategic client relationships.

The work arrangement, including the proportion of on-site and remote work, will be discussed during the interview. The role is based at 120 S LaSalle St, Floor 2, Chicago, Illinois, with 40 weekly hours.

Requirements

• 10 or more years of experience cultivating and managing lending and deposit relationships for HNW and UHNW clients.
• Demonstrated experience applying deep credit expertise and working knowledge of investment portfolios and trust solutions.
• Ability to build and maintain relationships with HNW and UHNW individuals, business owners, and corporate executives.
• Ability to assess credit risk, structure lending solutions, and complete analysis and documentation for credit actions.
• Proficiency in Microsoft Office, financial analysis, and modeling, with experience using Salesforce or an equivalent CRM for client management.
• Demonstrated experience working in a team environment and introducing appropriate investment, trust, and banking partners and solutions to HNW and UHNW individuals, families, and institutions.
• Commitment to CIBC values of trust, teamwork, and accountability.
• Legal eligibility to work at the specified location and a valid work or study permit where applicable.

Nice To Haves

• Formal credit training.
• A bachelor’s degree in Business, Finance, Accounting, Real Estate, or Economics (preferred).

Responsibilities

• Establish new private banking lending and deposit relationships and oversee complex lending and deposit relationships for HNW and UHNW clients.
• Build trusted-advisor relationships through regular client contact and identify opportunities for customized lending, deposit, and wealth management solutions.
• Oversee portfolio reviews, past-due remediation, risk-rating accuracy, and timely renewals; stay informed about relevant credit policies, risk frameworks, regulatory requirements, and compliance requirements.
• Complete analysis and documentation needed for credit actions, including deal structures, waivers, and modifications.
• Work with Underwriting, Group Portfolio Managers, and Credit Risk Management to structure deals that meet client needs while mitigating risk, and drive deals through underwriting and closing.
• Partner with CIBC Private Wealth Management Relationship Managers and other team members to secure approvals for new business and modifications, including participating in pre-screen and relationship strategy meetings.
• Identify opportunities for other business units, develop creative solutions, coordinate presentations, and involve partners when appropriate.
• Keep Salesforce activity up to date by tracking client interactions, opportunities, and referrals.
• Represent CIBC at local market and industry events to maintain market knowledge and develop client relationships.
• Collaborate with peers and mentor junior team members to deliver superior client service and support a diverse team environment.

Benefits

• Medical, dental, and vision coverage.
• Health Savings Account.
• Life, disability, and other insurance plans.
• Paid time off, including sick leave, parental leave, and vacation.
• Paid holidays.
• 401(k).
• Potential eligibility for the relevant business unit’s incentive compensation plan, which may include a discretionary bonus.
• Banking benefits.
• Wellbeing support.
• MomentMakers social, points-based recognition program.
• Purpose Day, a paid day off for growth and development.
• Competitive salary.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior