Senior Manager, Special Loans

CIBC • Toronto, ON

1d • Hybrid

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.

Requirements

• Knowledge of credit practices, variables that impact credit risk, knowledge of the systems and programs commonly used in credit risk management.
• Comprehensive level of knowledge of strategic planning, business planning and forecasting gained through extensive hands-on experience.
• Degree majoring in business or a related discipline or equivalent work experience.
• Strong knowledge of accounting and finance, sufficient to understand various financing options and to provide structural financial advice in the areas of balance sheet structure.
• Well versed in Word, Excel, PowerPoint.
• Strong oral and written communication and presentation skills.
• Passionate about people.
• Find meaning in relationships, and surround yourself with a diverse network of partners.
• Build trust through respect and authenticity.
• Strong relationship management skills to effectively interface with senior business people, including stakeholders, accounting, legal and other professionals.
• Enjoy investigating complex problems, and making sense of information.
• Confident in your ability to communicate detailed information in an impactful way.
• Bring your real self to work and you live our values – trust, teamwork and accountability.

Nice To Haves

• Knowledge of Canadian/US insolvency practices would be beneficial.
• Bilingual in English and French.

Responsibilities

• Act as a client relationship manager for high risk and impaired accounts in your portfolio.
• Promptly assume responsibility of newly assigned accounts, discussing matters with relevant line lending officers, risk managers and clients, as appropriate.
• Manage accounts in a prudent manner; i.e. mitigating risk and maximizing recovery while continuing to respect the Bank’s core values and commitment to its clients.
• Ensure risk ratings reflect the inherent risks at all times and that proper level of provision is taken for non-performing loans.
• Prepare Quarterly / Watch List Reports, Impairment Tests, risk rating documentation, and Impaired Loan Summary Reports.
• Liaise with back office regarding account transactional matters including lodging, release and recording of security, changes in risk ratings and programmed limits, account enquiries, and the like.
• Prepare/assist in SOX/Financial Controls requirements, information production and compliance tracking.
• Assist in the negotiation and disposition of assets acquired through loan realization proceedings, within delegated authority.
• Analyze and recommend new advances and negotiate terms and conditions in the context of overall work-out and restructuring arrangements.
• Assist in the evaluation of proposals, developments and monitoring of budgets, and analysis of non-performing loans and loan loss estimates.
• Devise creative strategies and skillfully communicate with all parties (i.e. Bank adjudicators, debtors, guarantors, other lenders, asset purchasers, etc.).
• Prepare periodic reports on your assigned accounts and otherwise keep the supervising officer informed on status of assigned accounts, progress of negotiations and management of accounts.
• Instruct counsel on the preparation of communication and documentation, including financing agreements, and negotiate such agreements with relevant parties (i.e. debtor, asset purchasers, etc.).
• Instruct Financial Advisors (FA) and external Legal Counsel on scope of mandate and ensure all areas of concern are covered before work is initiated.
• Monitor progress within work-out plans, taking steps as appropriate to amend arrangements and scope of FA and Legal Counsel mandates in accordance with changing circumstances.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• Defined benefit pension plan
• Employee share purchase plan
• Vacation offering
• Wellbeing support
• MomentMakers, our social, points-based recognition program.
• Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree