Senior Letter of Credit Specialist

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

What Youll Be Doing

As a member of the CIBC USA Trade Operations team you will focus on the needs of our clients and business partners and are passionate about delivering detail oriented centralized Letter of Credit and Loan operational services through our strategic pillars of Client Centricity Innovation and Process Simplification.

As a Sr. Letter of Credit Specialist you will be accountable for handling all details and day to day processing of the Core Suite of Trade Products (Import/Export/Standby Letters of Credit and Incoming/Outgoing Collections) with a primary focus on Standby Letters of Credit; including complex high risk transactional structuring for clients as well as working with upstream and downstream correspondent bank partners. You will expedite resolution to issues using independent judgement and analytical thinking to conduct in-depth research using multiple systems/reports to determine the nature of the problem verify work and provide solutions. You will act as a point of contact assisting the Trade Operations Team providing support to ensure understanding of LC Products to Customers Lines of Business and the Loan Closers. You will ensure customer satisfaction is maintained productivity standards are achieved and Service Level Agreements are met or exceeded.

How Youll Succeed

• Analytical - Handle difficult or unusual problems or requests analyzing the issue and deciding upon the most appropriate structure and solution. Conduct detailed systems investigations and analyze data.

• Communication - Clearly articulate facts and recommendations when presenting instructions ideas and solutions utilizing strong communication skills both verbal and written. Contacting clients and/or internal/external partners to discuss/clarify problems and obtain additional information and/or confirm next steps/resolution.

• Teamwork- Prioritize organize workload and coordinate activities of the team by collaborating to ensure deadlines are met and pending items are reviewed regularly. Assist with training of new and/or temporary staff to provide support to peers in learning and understanding process procedures and guidelines.

• Technical - Demonstrate excellent Microsoft Office skills (Word Advanced Excel Outlook) with ability to work with Spreadsheets and complex formulas.

Who You Are

• You can demonstrate knowledge of Loan Presentations Reimbursement Agreements Participated/Syndicated deals. FIS Systems and detailed knowledge of ICC Rules governing Trade Transactions are required.

• Youre a certified professional. You have current accreditation and good standing Certified Documentary Credit Specialist (CDCS).

• You put our clients first. You engage with the purpose of finding the right solutions/structure. You go the extra mile because its the right thing to do.

• Youre goal oriented. Youre motivated by accomplishing your goals and delivering your best to make a difference.

• Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.

• You love to learn. Youre passionate about growing your knowledge. You have a keen sense of curiosity.

• Values matter to you. You bring your real self to work and you live our values - trust teamwork and accountability.

At CIBC we offer a competitive total rewards package. This role has an expected salary range of $80000 - $100000 for the Chicago IL market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees 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) Holidaysand 401(k) in addition to other special perks reserved for our team members.

This position does not offer visa sponsorship.

#LI-TA

California residents your privacy rights regarding your actual or prospective employment

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.

• 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

Employment Type

Weekly Hours

Skills