Senior Portfolio Manager

Canadian Imperial Bank Of Commerce

Job Location:

Chicago, IL - USA

Monthly Salary: $ 180000 - 190000

Posted on: Yesterday

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

TheSr.Portfolio 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.TheSr.Portfolio Manager will be responsible for but not limited to the following activities.Primary responsibilities for this position will be that of Underwriting and Portfolio Managementand executionof 1A risk management activities in a manner consistent with CIBCs risk culture.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

What Youll Be Doing

Client Sales

Serve as the clients primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit.
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

Client Portfolio Maintenance

Work with CIS Relationship Support to update / correct identified data issues
Address upcoming maturities and annual reviews on time; 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 and quarterly trend cards / reviews
Prepare FAS 114 memo / analysis
Complete quarterly SOX controls and ensureaccuraterisk ratings at all times for covered portfolio
Respond toapprovalrequests for overdrafts manual wires NSF wires ACH suspensions etc.
Review borrowing base availability and approve loan advances
Coordinate onboarding deposit account opening and TM setup activities
Respond toapprovalrequests for overdrafts manual wires NSF wires ACH suspensions etc.
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
Renewal activities with existing clients - PM leading associated activities with RM input
Has direct client contact in performing responsibilities as needed

Client Penetration/Cross Sell

Consults with the RM on cross-sell opportunities

Management Responsibilities and Team Training

Mentor and provide situational training support to Associates and Sr. Associates

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 have 10 years of demonstrated experience in underwriting structuring loan closing documentation and portfolio management
You have demonstrated experience with creditexpertisewithin a specific commercial banking industry or vertical
You have strong technical skills and well versed in all key systems applications and models used
You have completed a Commercial Banking Training Program or equivalent

At CIBC we offer a competitive total rewards package. This role has an expected salary range of $180000 - 190000 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.

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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
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 7th Fl

Employment Type

Regular

Weekly Hours

Skills

Banking Industry Business Loans Client Calls Credit Risk Appetite Risk Ratings

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...