Portfolio Manager
CIBC
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**
The Commercial Real Estate Portfolio Manager is a professional responsible for managing a portfolio of real estate loans. The Portfolio Manager makes decisions on moderately complex issues, managing all assigned business credits, supervising the resolution of minor credit issues and actively participating in the resolution of more significant issues in a timely fashion. The role exercises independent judgement to establish and maintain relationships with risk management and other CIBC partners, staying up-to-date with market conditions, economic trends, products and services in order to provide sound business credit advice.
_At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 4 days per week on-site, while other days will be remote._
**How You'll Succeed**
The Portfolio Manager will be responsible for but not limited to the following activities. Primary responsibilities for this position will be that of Portfolio Management and execution of risk management activities in a manner consistent with CIBC’s risk culture.
**Client Portfolio Maintenance**
+ Address upcoming maturities and annual reviews on time, Renewal activities with existing clients – PM leading associated activities with RM input
+ 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
+ Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio
+ Review borrowing base availability and approve loan advances
+ 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
+ Has direct client contact in performing responsibilities as needed in coordination with the Relationship Manager
**Client Activities**
+ Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credits
+ 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
**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)
**Who You Are**
+ **You demonstrate experience in** supporting communications for senior executive leaders, including events, speaking notes, communications planning and advice. You have led a team and are proficient in coaching and developing those around you. You’re creative, resourceful and tenacious, and believe communications should be engaging and meaningful. You’re an idea generator who can execute on those ideas and lead a team toward the finish line. You’re a natural storyteller and can find common threads and themes across businesses to tell an engaging, meaningful story.
+ **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're driven to succeed.** You’re motivated by accomplishing your goals and delivering your best to make an impact.
**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
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $100,000.00- $130,000.00 for the Chicago, IL or Atlanta, GA 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.
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
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**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 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.
**Job Location**
IL-120 S LaSalle St, 11th Fl
**Employment Type**
Regular
**Weekly Hours**
40
**Skills**
Business, Credit, Loan, Portfolio Management, Real Estate, Risk 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.
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