Group Portfolio Manager - Chicago, United States - CIBC

Description

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 )

Job Description

What you'll be doing
U.S.

Commercial Banking teams build lasting relationships with business owners and executives throughout the country to help them realize their ambitions.

We combine deep expertise and market insight with powerful solutions and high-touch service to provide the flexibility, responsiveness and support that set us apart in the industry.

Our strategic priorities include:
adding new strategic relationships, building and deepening existing relationships, and increasing referral activity across all lines of business.

Group Portfolio Manager primary responsibilities are to ensure objectives related to internal portfolio management are met, and that other front line (1A) risk management activities are executed in a manner consistent with CIBC's risk culture.

This position could eventually manage and oversee the workflow of Commercial PMs and/ or Credit Associates and provide approval within established guidelines for daily credit and portfolio administrative activity.

Group Portfolio Managers report to the Group Head.

This particular Role is solely for the dedicated Specialized Healthcare Lending Group and will require prior healthcare credit experience – preferably within the Skilled Nursing / Assisted Living and Senior Housing sector.

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

• 
  Drive consistent execution – Cover a specified lending group(Healthcare), responsible for consistent execution of portfolio management and other risk management requirements, and focused day-to-day on client level activities. Advise on deal structure and other client requests, with a focus on applicable policy standards and procedures, and provide direct oversight and direction to any PMs and / or Associates engaged in underwriting, credit approval and loan closing activities. Provide on the job coaching and training relative to these matters. Manage workflow and maintain an accurate pipeline of all opportunities, ensuring visibility to support teams. Support efforts of team members to ensure onboarding / closing client experience is optimized by acting as the escalation point to resolve issues.
• 
  Develop strong cross-department relationships – Serve as your respective group's primary point of contact with Commercial Bank leadership including your HPA, the (1B) risk management function, various second line of defense functions (e.g. Credit Risk Management, Loan Services, etc.), and third line of defense (e.g. Credit Review). Act as the group's representative in portfolio reviews and similar meetings with these stakeholders.
• 
  Monitor risks within established frameworks – Expected to engage with RMs, PMs and Associates strategically to help address issues or roadblocks, and to ensure timely and proper execution of all portfolio management activities within their areas of coverage

This includes:

i) supporting the group in prescreen discussions, ii) reviewing all loan presentations for accuracy and completeness prior to submission, ii) ensuring annual reviews, renewals, and reporting are timely and risk ratings are accurate, iii) monitoring pricing reports, loan document exceptions and other loan system ticklers to confirm proper portfolio maintenance occurs, iv) overseeing group preparations for criticized asset and other portfolio review meetings, v) signing off on quarterly SOX controls and similar attestations, and vi) properly identifying / managing / and escalating past dues and other issues to the HPA, (1B) risk management function, and Credit Risk Management.

• 
  Promote and demonstrate a strong CIBC risk culture – 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. This includes following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls.

Who you are

• 
  You can demonstrate a minimum of 10 years of experience in underwriting, structuring, loan closing, documentation, and portfolio management. Additionally, you can prove credit expertise within a specific commercial banking industry or vertical – Healthcare required and Skilled Nursing, Assisted Living, Senior Housing preferred. You have an ability to foster and maintain commercial relationships with high level of competency and know how to identify risk within credit requests. It's an asset if you completed a Commercial Banking Training Program or equivalent.
• 
  You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision-making.
• 
  Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
• 
  You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.
• 
  You put our clients first. You engage with purpose to find the right solutions. You go the extra mile because it's the right thing to do.
• 
  You are a caring and accountable leader. You're passionate about developing and growing team members' abilities.
• 
  Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

What CIBC offers
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.

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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- 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 Location
IL-120 S LaSalle St

Employment Type
Regular

Weekly Hours
40

Skills
People Management