Senior Credit Officer, Corporate, Commercial, and Industrial

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

JOB PURPOSE

The Senior Credit Officer Corporate Credit Risk acts as a team leader in the second line of defense oversight function with the authority to make credit decisions direct credit culture and oversee the portfolio management activities of the first line of defense.

KEY ACCOUNTABILITIES

• Risk Appetite/Culture
  • Exhibits behaviors reflective of desired risk culture by escalating relevant risk issues identified challenging assumptions and conclusions and holding others accountable for expected behaviors.
  • Understand and communicate the banks risk appetites in the oversight activities of the role and demonstrate self-governance in line with appetites.
  • Provide input into the establishment of credit limits risk assessments policy changes and portfolio review for assigned areas of oversight.
  • Document oversight activities and incorporation of data as a tool to guide behaviors aligned with desired risk culture.
• Adjudication/Underwriting
  • Assess and advise on the creditworthiness of proposed transactions in a manner that balances the banks risk appetites and priorities with the customers ambitions.
  • Set expectations on opportunities through input in the pre-screen process for new deals.
  • Approve or decline credits within established designated lending authority for the groups covered.
  • Assess and recommend for approval all credits being presented to CCO coming from the groups covered highlighting the key risks and mitigants.
  • Escalate changes/issues in credit quality behavior structures specific portfolios etc.
• Portfolio Management
  • Participate as a member of the banks problem loan committee (CAMP) providing oversight and challenge of the management of problem credits.
  • Coordinate Credit Risk Managements participation in quarterly portfolio reviews completed by the line of business demonstrating an understanding of deteriorating situations trends within the portfolio
  • Monitor changes in the economic environment and understand the potential impact on the portfolio. Coordinate efforts to report on trends/changes/risk issue to CCO and senior management.
• Independent Oversight
  • Ensure credit parameters on new loan opportunities are in accordance with the Banks credit policies standards and risk objectives.
  • Ensure that all recommended risk ratings conform to the Banks risk rating framework.
  • Review exceptions the analysis within the LP and risks/mitigants to ensure that documented analysis aligns with expectations.
• People Management
  • Coordinate an effective Adjudication team that evaluates facts asks insightful questions and has open dialogue with the 1st line of defense while also providing effective challenge to the assumptions and conclusions reached by the 1st line of defense.
  • Oversee the Independent Oversight Portfolio Management oversight risk culture and adjudication/underwriting oversight for all adjudicators covering lending groups.
  • Ensure the team is meeting responsiveness expectations to assist in client satisfaction by maintaining adequate staffing levels establishing timeliness requirements and monitoring these items. Ensure that interactions with the 1st line of defense are done in a considerate and respectful manner.
  • Lead the team toward incorporation of data into the decision-making process prioritizing documentation of activities and conclusions in an effort to shape behavior.

CROSS-FUNCTIONAL RELATIONSHIPS

Supporting the US Region SBUs Commercial Banking Syndications

Infrastructure Partners Treasury Risk Internal Audit Legal

Close working relationship with the Chief Credit Officer in the US

Regular interaction with US Regional Regulators

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.
• For People Managers: As a manager of people this job must ensure all employees within the business unit 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.
• For People Managers: As a manager of people this job has the authority to assign tasks to employees within their span of control select individuals for hire assess individual performance make employee compensation decisions and take disciplinary measures up to and including termination.

CONDUCT & CULTURE RISK

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leaderships 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 Banks 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 CIBCs 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 CIBCs reputation as a leading financial institution

KNOWLEDGE AND SKILLS

• Bachelors degree required MBA or related preferred
• Minimum 10 years of Credit Risk Management knowledge/practices
• Extensive knowledge of credit portfolio management as well as experience in adjudication and loan workout
• Detailed working knowledge of CIBC operations sufficient to apply adapt and modify practices and processes
• Thorough knowledge of functional and business operations products process and regulatory environment within which financial institutions operate
• Demonstrated managerial leadership able to lead and develop a team of professionals and prioritize effectively
• Solid collaboration and ability to develop and sustain important business relationships both internal and external to the organization
• Sound judgment and problem solving and ability to make key complex decisions independently and with clear thinking and sound logic
• Takes ownership of decisions and actions keeps management and stakeholders informed of critical issues supporting risk management and corporate goals and objectives
• Excellent technical and analytical skills
• Strong verbal and written communications skills
• Proficient with MS Office Suite

WORKING CONDITIONS

• Occasional travel required
• This role operates within a normal office environment.

At CIBC we offer a competitive total rewards package. This role has an expected salary range of $250000 - $300000 for the 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.

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.

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