Private Banking Underwriter

CIBC•Chicago, IL

3d•Hybrid

About The Position

As a Private Banking Underwriter, you will be responsible for evaluating and structuring complex credit requests for high-net-worth clients, including investment-backed lending, program lending, real estate-secured facilities, and bespoke unsecured lending solutions. You will use your advanced financial analysis, risk management, and client service skills to deliver customized credit solutions that support CIBC’s business objectives while maintaining strong risk controls. Your responsibilities include conducting thorough due diligence, financial analysis, and credit assessments to ensure sound risk management and the delivery of tailored financial solutions. You will work closely with relationship managers, credit officers, and other stakeholders to facilitate the approval of credit facilities, ensuring compliance with internal policies and regulatory standards. As a senior underwriter, you will also provide guidance to junior underwriters and act as a subject matter expert on credit structuring. At CIBC, we enable the work environment most optimal for you to thrive in your role based on business need. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

3 to 6+ years of underwriting experience, specializing in complex lending solutions for high-net-worth clients, with proven expertise in risk assessment across diverse private banking products and structures.
Ability to analyze financial statements, credit reports, assets, and liabilities with expertise in cash flow modeling and self-employed borrower assessments.
Thrive in fast-paced, deadline-driven environments, effectively managing multiple tasks while maintaining accuracy.
Excel at verbal and written communication, clearly presenting complex financial and credit information to stakeholders, including assisting with procedural updates, and presentation materials for training.
Working knowledge of industry tools and systems like MS Suite (excel, word, teams) products, and Outlook.
Strong understanding of federal and state lending regulations, ensuring compliance with consumer protection laws.
Build strong relationships with internal partners, providing exceptional service while ensuring sound underwriting decisions.
Analytical Thinking
Enterprise Risk Management (ERM)
Group Problem Solving
Reporting and Analysis
Risk Assessments
Risk Monitoring
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).

Responsibilities

Evaluate portfolio real estate and non-real estate transactions by assessing financial documentation, cash flow modeling, assets, liquidity strength, collateral, and potential total exposure risks. This includes reviewing personal tax returns, business tax returns, K-1 statements, global cash flow schedules, personal balance sheets, and other supporting documents.
Prepare portfolio credit summary packages, material amendments, renewals, annual reviews, and other credit requests promptly and accurately.
Ensure underwriting decisions align with the bank’s guidelines, risk appetite, policies, and consumer laws and regulation requirements while providing sound judgment on credit approvals.
Craft detailed underwriting narratives that clearly present credit rationale, risk assessment, and evaluation results.
Work closely with Private Bankers, Loan Processors & Closers, Group Portfolio Managers, and Senior Management to ensure seamless transactions.
Stay updated on market conditions, industry regulations, and consumer lending laws to maintain compliance and adapt to evolving guidelines.
Complete at least five CRA volunteer hours annually, contributing to the bank’s commitment to community engagement.