Vice-President, Special Loans
Vice-President, Special Loans
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Job Description
Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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 is committed to the goal of maintaining a high standard of credit quality while providing a return on shareholder investment. A critical component in maintaining this quality is proactive and effective processes for the identification and management of high risk and problem loan situations. The Vice-President Special Loans (VP) is accountable to the Senior Vice President Special Loans (SVP) for preserving the Banks capital through the efficient management and collection of non-performing non-consumer loans debts written off and other special supervision accounts with responsibility and management of Special Loans for CIBC.
As an organizational leader this role champions:
CIBC employee experience principles:
Always professional so our team members can excel and be their best professional self.
Radically simple so our team members can focus on what they need to do and make an impact.
Genuinely caring so our team members can feel valued for who they are and what they contribute.
CIBC leadership capabilities:
Envisions the futureto innovate purposefully to create new value and harness new capabilities in order to meet the evolving needs of our diverse stakeholders.
Inspires hearts and mindsto build an inclusive culture where we make bold choices collaborate and empower others to take chances and do whats right for our stakeholders.
Drives action and impact togetherto align with urgency around what matters making decisions with speed and always making a real difference.
What Youll be Doing
Providing leadership and effective management of a team comprised of Senior Directors Directors Senior Managers Managers and Analysts located in Toronto and in several locations across Canada who are responsible for the management of a portion of the Banks highest risk business credit portfolio.
Setting appropriate context when assigning work to ensure the achievement of the business units priorities and CIBCs overall goals.
Building team and individual capabilities by providing development opportunities such as job shadowing special projects and training.
Managing performance by providing fair and accurate formal and informal feedback identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities.
Creating a positive work environment and being an effective role model by championing CIBCs mission vision and values.
Build strong internal and external talent pipeline.
Ensuring compliance with policies standards guidelines and controls by applying the policies and controls fairly and consistently.
Hiring the right people in the right jobs to align individual capabilities with job requirements and business unit goals.
Coaching and adjudication in relation to both the smaller as well as larger more complex files when assigned by the SVP.
Carry out business unit leadership review and decision-making responsibilities under the Reputation and Legal Risk Procedures for credits.
Building productive relationships with business leaders and team members to promote effective knowledge transfer and cooperative activities to optimize outcomes in relation of high risk files managed or shadowed by Special Loans.
Participate in the quarterly reporting process along with the SVP (i.e. quarterly updates for the CRO Finance and LOB leadership and the Banks external auditor).
Assume the lead role in addressing ad hoc requests from the Banks senior executives regulators Internal Audit or external auditor at the request of the SVP.
Lead/co-lead strategic initiatives and/or special projects as assigned by the SVP.
What Were Looking For
Strong knowledge of frontline lending processes and credit adjudication practices is highly desirable with a proven ability to assess and manage credit risk.
Proven ability to collaborate effectively and build strong networks with internal stakeholders across Commercial Banking in Canada and Corporate Banking globally as well as with external partners and clients.
Excellent analytical skills strong business acumen and strong communication skills.
An ability to assimilate information quickly and reach accountable and principled decisions based on recommendations and sound analytical skills.
Deep understanding of complex credit issues and concepts related to assigned files.
Expert knowledge of CIBCs credit products policies and practices.
Good judgement in the identification and management of sensitive situations (e.g. files with broad relationship or reputational complexities).
Strong negotiation presentation and facilitation skills.
Sound people management and leadership experience with a demonstrated ability to influence the actions of others within the immediate area of responsibility.
Results-oriented with high degree of accountability and ability to deal with multiple demands often with competing/conflicting priorities.
Strong communication skills sufficient to translate strategic intent into action across all levels of the organization.
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
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 30th FloorEmployment Type
RegularWeekly Hours
37.5Skills
BankingRequired Experience:
Chief
Employment Type
Full-Time
