Job Information
CIBC Special Loans Risk Manager in Chicago, Illinois
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 (https://www.cibc.com/en/about-cibc.html)
The Senior Special Loans Risk Manager is a seasoned expert responsible for assisting in the administration and management of high risk and impaired accounts to maximize shareholder value and minimize capital erosion of high risk and impaired assets. The role works with minimal direction on complex projects using deep knowledge in their field of expertise, maximizing the recovery of non-performing loans and restoring deteriorating loans to health to preserve CIBC’s capital. The Senior Special Loans Risk Manager manages a designated selection of accounts including non-performing loans, debts written off, assets in the loan realization account, and certain high-risk performing loans, developing action plans to curb credit problems related to specific accounts. The role exercises considerable judgement for decision making, providing innovative ideas including the use of third party service providers such as trustees, legal counsel, and bailiffs to introduce superior recoveries at acceptable expense.
Knowledge
Proven track record in commercial lending with emphasis in commercial real estate
Extensive knowledge of commercial real estate accounting, financial statement analysis, cash flow analysis, and CRE workouts
Knowledge and understanding of CRE debt disposition strategies
Thorough knowledge of Microsoft Office, including Word, Excel, and PowerPoint, and Visio
Working knowledge of ASC 310-10-35 FAS 114 impairment practices and the Basel III Accord
Skills
Strong analytical background
Knowledge of financial, accounting, and legal processes and principles associated with commercial lending
Ability to analyze large amount of data and recommend appropriate steps to be taken in workout situations
Sense of urgency
Attention to detail, accuracy, and consistency
Ability to effectively communicate and interact with borrowers, external business partners, internal business partners, and stakeholders of the CRE debt disposition process
Interact constructively within reporting structure and across organizational boundaries
Working knowledge of operational process improvement preferred
Education
Bachelor’s Degree in related field or equivalent work experience required
MBA preferred
Experience
4-6 years of experience in banking / finance industry required
Special Assets experience preferred
Working Conditions
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview
Some travel required
Fast-paced office environment
Strong focus on providing quality service to internal and external customers
At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:
Thrive : Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
Connect : Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
Develop : Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
Prosper : Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $105,000 – 130,000 for the New York, New York 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 also may 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.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
At CIBC, your goals are a priority. We start with your strengths, ambitions and strive to create opportunities to tap into your potential.
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
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). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Expected End Date
2024-08-31
Job Location
NY-300 Madison Ave., 5th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Business Development, Financial Advising, Long Term Planning, Market Trends, Operations Management, People Management, Real Estate Financing, Relationship Management, Risk Management and Mitigation
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
