Private Banking Underwriter

CIBC•Chicago, IL

1d•$75,000 - $95,000

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 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. How You’ll Succeed Comprehensive Credit Analysis: 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. High-Quality Decision-Making: Prepare portfolio credit summary packages, material amendments, renewals, annual reviews, and other credit requests promptly and accurately. Effective Risk Assessment: 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. Strong Written Communication: Craft detailed underwriting narratives that clearly present credit rationale, risk assessment, and evaluation results. Collaboration & Stakeholder Engagement: Work closely with Private Bankers, Loan Processors & Closers, Group Portfolio Managers, and Senior Management to ensure seamless transactions. Market Awareness & Compliance: Stay updated on market conditions, industry regulations, and consumer lending laws to maintain compliance and adapt to evolving guidelines. Community Involvement: Complete at least five CRA volunteer hours annually, contributing to the bank’s commitment to community engagement. 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

Requirements

Experienced in Underwriting: You bring 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.
Skilled in Financial Analysis: You can analyze financial statements, credit reports, assets, and liabilities with expertise in cash flow modeling and self-employed borrower assessments.
Detail-Oriented & Organized: You thrive in fast-paced, deadline-driven environments, effectively managing multiple tasks while maintaining accuracy.
Effective Communicator: You 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.
Technology-Proficient: You have working knowledge of industry tools and systems like MS Suite (excel, word, teams) products, and Outlook.
Regulatory Knowledge: You have a strong understanding of federal and state lending regulations, ensuring compliance with consumer protection laws.
Customer-Focused & Collaborative: You build strong relationships with internal partners, providing exceptional service while ensuring sound underwriting decisions.

Responsibilities

Evaluating and structuring complex credit requests for high-net-worth clients
Conducting thorough due diligence, financial analysis, and credit assessments
Working closely with relationship managers, credit officers, and other stakeholders to facilitate the approval of credit facilities
Providing guidance to junior underwriters and act as a subject matter expert on credit structuring
Evaluating portfolio real estate and non-real estate transactions by assessing financial documentation, cash flow modeling, assets, liquidity strength, collateral, and potential total exposure risks
Preparing portfolio credit summary packages, material amendments, renewals, annual reviews, and other credit requests promptly and accurately
Ensuring underwriting decisions align with the bank’s guidelines, risk appetite, policies, and consumer laws and regulation requirements while providing sound judgment on credit approvals
Crafting detailed underwriting narratives that clearly present credit rationale, risk assessment, and evaluation results
Working closely with Private Bankers, Loan Processors & Closers, Group Portfolio Managers, and Senior Management to ensure seamless transactions
Staying updated on market conditions, industry regulations, and consumer lending laws to maintain compliance and adapt to evolving guidelines
Completing at least five CRA volunteer hours annually, contributing to the bank’s commitment to community engagement