We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.
At CIBC, we embrace your strengths and your ambitions so you feel empowered at work. Our team members have what they need to make a meaningful impact and feel truly valued for who they are and what they contribute.
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CIBC is a leading Canadian-based financial institution with over 44,000 employees globally and annual revenue in excess of $12 billion. We're on a mission to build the relationship-focused bank of the future and we're looking for the passionate collaborators, innovators, advisors, and leaders who can get us there. Our distinct culture is built on a shared commitment to do what's right for our clients, our people, and our communities, and we strive for excellence in everything we do.
CIBC Commercial Banking Innovation Bankers provide strategic advice and funding to North American clients at each stage of their business cycle, from start up to IPO and beyond.
As an Associate, Underwriting, you will be involved with all aspects of underwriting, managing and reporting on client accounts. Your role will include, regular monitoring of a portfolio of Innovation Banking loan accounts to ensure compliance with all agreed terms, analyzing due diligence results to validate lending eligibility, preparing credit applications and other credit correspondence, analyzing borrowers' financial condition and account status, actively assisting with the negotiating of legal documentation. You will also maintain ongoing relationships with an assigned portfolio of accounts. You will work closely with the sales team to develop your skills for a career path in business development.
Partners with trading, risk, origination and other teams across the firm to enhance CIBC's functional capabilities.
This job must effectively foster client and market relationships.
Enterprise-wide, department, and team accountability
Responsibility for the US Region
Knowledge & Skills
Requires 3+ years of strong and direct experience in commercial credit analysis, commercial.
BS/BA Degree in Finance, Statistics, Math or Economics; MBA a plus, CFA a plus
The position requires deep expertise in commercial loan underwriting, particularly over small business portfolios.
The ability to conduct credit analysis to underwrite a business credit lines utilizing both traditional financial information and small business behavior characteristics is required.
Experience in underwriting small business credit is a plus.
Understanding the venture capital / start up ecosystem is a plus.
Must be able to work independently and quickly gain a thorough knowledge of CIBC's retail banking operations.
Must have strong organizational and time management skills, and excellent verbal, written, interpersonal communication, and facilitation skills to lead meetings or interviews with subject matter experts and other project contributors or stakeholders.
Must be able to collaborate with all related business partners internally and externally.
Prefer deep experience from a large financial institution that has credit product offering to small business.
Demonstrated expertise in commercial credit underwriting is required as is the ability to be consultative and influential on risk related decisions that could impact the long term health of the organization.
Software: Demonstrated proficiency working with computers and Microsoft Office applications (specifically, Outlook, Excel, Visio, Word, and PowerPoint).
Knowledge of SAS, SQL or other data management computer language is a plus but not required
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 during the application or interview process, please contact Mailbox.email@example.com
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
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