Job Information
CIBC Director, Portfolio Management, CIBC Innovation Banking in Toronto, Ontario
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)
What You’ll Be Doing
CIBC Innovation Banking has proven to be a helpful partner to the innovation ecosystem. The team has demonstrated an ability to support technology and innovation companies with strategic advice and flexible financing solutions that meet the needs of their clients as they start to build and grow their ventures.
As a Director, Portfolio Management for CIBC’s Innovation Banking Group you will be responsible for overseeing a diverse portfolio of innovative tech, healthcare, and life sciences companies throughout North America and Europe. This role will help ensure credit facilities are structured and managed in alignment with CIBC's risk appetite while delivering value to clients. The individual will also collaborate with internal stakeholders to proactively identify under-performing loans, manage risk while balancing relationships, and ensure compliance with regulatory and internal policies.
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.
How You’ll Succeed
Help manage the negotiation, structuring and recovery process on high risk accounts.
Help other Innovation Banking team members structure, amend and manage through deteriorating situations.
Work with external counsel, financial advisors, and internal stakeholders to maximize CIBC’s recoveries, minimize risk and optimizing for the team’s key sponsor relationships.
Ensure credit expiries fall below appropriate thresholds.
Monitor and manage the team’s RIL items with the requisite portfolio managers and credit writers with the Innovation Banking team.
Coordinate, review, and help present key monthly and quarterly portfolio monitoring activities, including: (i) bi-weekly portfolio management meeting for watch list account; (ii) monthly meeting to review Borrower performance with those accounts involving low liquidity; (iii) quarterly high risk review.
Proactively communicate and update Credit Risk Management on any material changes to the portfolio of high risk or watch list accounts.
Become a Subject Matter Expert on portfolio management and share best practices with the entire CIBC Innovation Banking Team.
Who You Are
You demonstrate experience in commercial lending or adjudication and strong knowledge of credit practices and variables that impact upon credit risk. As result, you possess mature business judgment, are proactive, well organized and results-oriented. Some familiarity with insolvency practices used in Canada and the USA is considered an asset
You have a Bachelors or equivalent degree in Business, Finance, Accounting, Technology or related field. Advanced business degree or professional designation (MBA/CFA/CA/CGA/CMA) or equivalent work experience would be an asset.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
#LI-TA
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, defined benefit pension plan, an employee share purchase plan, 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
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, French proficiency, 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.
Job Location
Toronto-81 Bay, 10th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Portfolio Management
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.
