Asset Based Lending Portfolio ManagerUnderwriter

Canadian Imperial Bank Of Commerce

Job Location:

Chicago, IL - USA

Monthly Salary: $ 150000 - 200000

Posted on: 12 hours ago

Vacancies: 1 Vacancy

Job Summary

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

Manager primary purpose is to ensureobjectivesrelated to credit underwriting and internal portfolio management are met in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.

JOB PURPOSE

The Portfolio Manager buildscredible relationships based on what is good for the Bank and what is good for the client with a genuine belief that personal success will be a result of client success.Act as a CIBCs senior relationship manager for commercial bankings larger clients and prospective clients requiring in-depth relationship coverage and customized financial solutions. The primary focus is on the origination of new clients and new opportunities with existing clients. As primary relationship manager the Senior Director holds ultimate client and credit risk accountability and maximizes profitability of major account relationships ensuring RAR and RAROC objectives are met.

What Youll Be Doing :

Manage a portfolio of Asset Based clients

Become a trusted advisor with our clients to deliver the entire bank to them

Hold client discussions to negotiate credit terms and structures

Meet all compliance and regulatory requirements

Negotiate legal documents with outside attorney

At CIBC we enable the work environment mostoptimalfor you to thrive in your role.Youllhave the flexibility to manage your work activities within a hybrid work arrangement whereyoullspend 4 days per week on-site while 1 day will be remote.

How Youll Succeed:

Compliance :As an employee of CIBC the incumbent mustcomply withall applicable CIBC and Line of Business policies standardsguidelinesand controls.

Efficiency: As a key contributor to the business unit this job has the authority to recommend changes to businessprocessesin order to enhance operational efficiency and effectiveness.

CONDUCT & CULTURE RISK

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and ourleadershipsidentification and mitigation of risks in their daily responsibilities not just in quarterly or annual monitoring/assessments. Weall areaccountable for managing risk.

As an employee ofCIBCthe incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strongriskculture. This includes:

Following all aspects of the CIBC Code of Conduct as well as all applicable CIBC policies frameworks guidelinesprocessesand controls

At all times actingin accordance withour 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 anyadditionalbusiness-specific modules asand employing the learnings in daily activities and undertakings

Escalating matters through one of theappropriate channelsidentifiedin the CIBC Code of Conduct (i.e. HR management Ethics Hotline Whistleblower etc.) uponobservingactivities that may be inconsistent with CIBCs policies frameworks guidelinesprocessesand controls

Speaking up ifwitnessingbehaviors that drive poor or unfair outcomes for clients teammembersor other stakeholders

Escalating matters that can result in adverse market practices and outcomes thereby negativelyimpactingCIBCs reputation as a leading financial institution

KNOWLEDGE AND SKILLS

College Degree with Accounting/ Finance

10 years of ABL credit experience

Working knowledge of ABLE or STUCKY operating system

Self-Starter takes initiative

Basic Microsoft Office and web-enabled prospecting skills

Excellent verbal interpersonal and written communication skills

WORKING CONDITIONS

This roleoperateswithin a normal office environment

Travel required:10%-20%

California residents your privacy rights regarding your actual or prospective employment

At CIBC we offer a competitive total rewards package. This role has an expected salary range of$150000.00- $200000.00for the market based on experience qualifications and location of the position. The successful candidate may be eligible toparticipatein the relevant business units incentive compensation plan which may also include a discretionary bonuscomponent. CIBC offers a full range ofbenefits 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 specialperksreserved for our team members.

This position does not offer visa sponsorship.

#LI-TA

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

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

Skills

Analytical Thinking Business Development Client Service Financial Advising Lending Portfolio Management Results-Oriented

Required Experience:

Manager

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 meaningf...