Senior Credit Officer, Corporate, Commercial, and Industrial

Canadian Imperial Bank of Commerce • Chicago, IL

28d • $250,000 - $300,000 • Onsite

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 JOB PURPOSE The Senior Credit Officer, Corporate Credit Risk, acts as a team leader in the second line of defense oversight function with the authority to make credit decisions, direct credit culture, and oversee the portfolio management activities of the first line of defense.

Requirements

• Bachelor’s degree required, MBA or related preferred
• Minimum 10+ years of Credit Risk Management knowledge/practices
• Extensive knowledge of credit portfolio management as well as experience in adjudication and loan workout
• Detailed working knowledge of CIBC operations sufficient to apply, adapt and modify practices and processes
• Thorough knowledge of functional and business operations, products, process and regulatory environment within which financial institutions operate
• Demonstrated managerial leadership, able to lead and develop a team of professionals and prioritize effectively
• Solid collaboration and ability to develop and sustain important business relationships both internal and external to the organization
• Sound judgment and problem solving and ability to make key complex decisions independently and with clear thinking and sound logic
• Takes ownership of decisions and actions, keeps management and stakeholders informed of critical issues supporting risk management and corporate goals and objectives
• Excellent technical and analytical skills
• Strong verbal and written communications skills
• Proficient with MS Office Suite

Responsibilities

• Exhibits behaviors reflective of desired risk culture by escalating relevant risk issues identified, challenging assumptions and conclusions, and holding others accountable for expected behaviors.
• Understand and communicate the bank’s risk appetites in the oversight activities of the role and demonstrate self-governance in line with appetites.
• Provide input into the establishment of credit limits, risk assessments, policy changes, and portfolio review for assigned areas of oversight.
• Document oversight activities and incorporation of data as a tool to guide behaviors aligned with desired risk culture.
• Assess and advise on the creditworthiness of proposed transactions in a manner that balances the bank’s risk appetites and priorities with the customer’s ambitions.
• Set expectations on opportunities through input in the pre-screen process for new deals.
• Approve or decline credits within established designated lending authority for the groups covered.
• Assess and recommend for approval all credits being presented to CCO coming from the groups covered, highlighting the key risks and mitigants.
• Escalate changes/issues in credit quality, behavior, structures, specific portfolios etc.
• Participate as a member of the bank’s problem loan committee (CAMP), providing oversight and challenge of the management of problem credits.
• Coordinate Credit Risk Management’s participation in quarterly portfolio reviews completed by the line of business, demonstrating an understanding of deteriorating situations trends within the portfolio
• Monitor changes in the economic environment and understand the potential impact on the portfolio.
• Coordinate efforts to report on trends/changes/risk issue to CCO and senior management.
• Ensure credit parameters on new loan opportunities are in accordance with the Bank’s credit policies, standards, and risk objectives.
• Ensure that all recommended risk ratings conform to the Bank’s risk rating framework.
• Review exceptions, the analysis within the LP, and risks/mitigants to ensure that documented analysis aligns with expectations.
• Coordinate an effective Adjudication team that evaluates facts, asks insightful questions, and has open dialogue with the 1st line of defense, while also providing effective challenge to the assumptions and conclusions reached by the 1st line of defense.
• Oversee the Independent Oversight, Portfolio Management oversight, risk culture, and adjudication/underwriting oversight for all adjudicators covering lending groups.
• Ensure the team is meeting responsiveness expectations to assist in client satisfaction by maintaining adequate staffing levels, establishing timeliness requirements, and monitoring these items.
• Ensure that interactions with the 1st line of defense are done in a considerate and respectful manner.
• Lead the team toward incorporation of data into the decision-making process, prioritizing documentation of activities and conclusions in an effort to shape behavior.
• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
• As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
• As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
• As a manager of people, this job has the authority to assign tasks to employees within their span of control, select individuals for hire, assess individual performance, make employee compensation decisions and take disciplinary measures up to and including termination.
• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
• Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
• Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
• Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
• Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $250,000 - $300,000 for the market based on experience, qualifications, and location of the position.
• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees