Commercial Banking Portfolio Manager - Underwriter

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 Portfolio Manager primary purpose is to ensure objectives related to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.

KEY ACCOUNTABILITIES / RESPONSIBILITIES

Primary responsibilities for this position will be that of Underwriting and Portfolio Management and execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.

Client Sales

Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit

Renewal activities with existing clients – PM leading associated activities with RM input

Remain active and engaged in periodic client calls and visits for assigned portfolio

Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)

Client Onboarding/Closing

Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator

Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client

Underwriting/Credit Approval

Drives new transactions by leading activities related to New Deals Committee, Prescreen and initial term sheet negotiation. Responsible for the LP prior to submission for credit approval while providing direction to the relationship team.

Non-credit approval authority up to approved limits

Client Portfolio Maintenance

Work with CIS Relationship Support to update / correct identified data issues

Address upcoming maturities and annual reviews on time; help remediate payment past dues

Ensure all customer financial reporting / covenants are collected on time

Support closing team to ensure collection of outstanding loan document exceptions

Follow up on past due real estate taxes / insurance certificates to clear exceptions

Prepare CAMP reports and quarterly trend cards / reviews

Prepare FAS 114 memo / analysis

Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio

Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.

Review borrowing base availability and approve loan advances

Perform loan structuring in support of underwriting and credit approval

Coordinate onboarding, deposit account opening and TM setup activities

Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly

Remain active and engaged in periodic client calls and visits for assigned portfolio

Renewal activities with existing clients – PM leading associated activities with RM input

Has direct client contact in performing responsibilities as needed in coordination with the Relationship Manager

Client Penetration/Cross Sell

Consults with the RM on cross-sell opportunities

Conducts pre-call planning and post-call follow-up

Management Responsibilities and Team Training

Mentor and provide situational training support to Associates and Sr. Associates

Risk Management

Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)

CROSS-FUNCTIONAL RELATIONSHIPS

Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

AUTHORITIES/DECISION RIGHTS

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.

RISK & COMPLIANCE

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

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

KNOWLEDGE AND SKILLS

Bachelor’s degree preferred

Minimum 6 years of experience including underwriting, structuring, loan closing, documentation, and portfolio management

Ability to produce an LP independently

Proficient in loan structuring to effectively mitigate risk

Expected to be well versed in all key systems, applications, and models used

Completion of Commercial Banking Training Program or equivalent

WORKING CONDITIONS

This role operates within a normal office environment with little exposure to adverse working conditions.

Occasional travel required.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $145,000.00 - $180,000.00 for the New York, NY market based on experience, qualifications, and position location. 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.

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

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

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.

Job LocationNY-300 Madison Ave., 7th Floor

Employment TypeRegular

Weekly Hours40

SkillsClient Calls, Credit, Credit Underwriting, Portfolio Management, Risk Management, Underwriting

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