Credit Risk Management: Executive Director

Canadian Imperial Bank Of Commerce New York , NY 10007

Posted 3 months ago

BUSINESS UNIT DESCRIPTION

Risk Management is led by the Senior Executive Vice-President and Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC's activities. These risks include but are not limited to ensuring effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputational and legal, market, credit, investment and liquidity risk, collectively "CIBC Risk", incurred by CIBC's retail and wholesale businesses, infrastructure and corporate governance groups.

Credit Risk Management (CRM) is responsible for providing independent adjudication and oversight of the management of credit risk in CIBC Wholesale Banking and Commercial Banking portfolios, as well as working with our Line of Business Partners to understand, measure and monitor risk. CRM adheres to CIBC's quality and concentration policies in order to maintain a risk profile consistent with a prudently run financial institution. This entails the assessment, measurement, adjudication, monitoring, reporting and follow-up of risk issues with respect to these portfolios. In addition, CRM proactively provides advice and counsel to its Partners in fulfillment of the corporate and commercial credit risk components of their strategic plans.

JOB PURPOSE

The incumbent is accountable to the Vice-President with regard to managing a material corporate credit portfolio, recommending new or revised credit-related policies applicable to the portfolio and partnering with CIBC World Markets business unit clients relative to their credit portfolios.

The incumbent is also required to liaise closely with CIBC business officers, corporate governance officers and other risk managers with regard to managing credit risk transactions and issues involving multi jurisdictional parties.

KEY ACCOUNTABILITIES

  • Analyze all aspects of credit proposals, approving credits within delegated limits and preparing recommendations for proposals in excess of delegated limits.

  • Monitor credit risk profile of assigned portfolio.

  • Comply with CIBC's governance and compliance policies and initiatives including but not limited to the Reputation and Legal Risk Policy, Credit Risk Management Framework and Information Security Policy.

  • Keep current on assigned industries from a variety of sources including economists, research analysts, business publications, etc. and prepare written and statistical analysis on the designated industries.

  • Liaise with business units to understand trends, industry developments and plans for growth.

  • The ongoing adjudication of credit risk for a portfolio of accounts with respect to CIBC Corporate Banking business in the USA.

  • Administer and enforce credit policies, standards, guidelines and procedures to ensure integrity and regulatory compliance of risk management policy.

  • Assume other support functions, in order to assist the Vice-President, including special projects and presentations, as required.

  • Monitor and research information from various sources, gather data and perform analyses (e.g. scenario analysis, sensitivity analysis, statistical analysis, financial statement analysis, etc.).

  • Maintain a strong knowledge of key players in the organization and network effectively.

  • Review and approve as necessary Excess Monitoring.

  • Transparent, accurate, timely and relevant reporting to senior management pertaining to the US credit portfolio.

  • Initial and ongoing credit approvals and risk rating assignments for CIBC Corporate Banking USA credit business.

  • Provide weekly Bridge and Syndication Reports to SVP and EVP & CRO GCRM.

  • Credit approval delegated empowerment with respect to the USA. The delegated authorities are specifically defined in a letter from the SVP. Credits in excess of the delegated amounts are to be adjudicated by the SVP, EVP & CRO GCRM, or the SEVP, CRO.

  • Attendance of semi annual portfolio review of all approved credits by industry.

  • Annual review of all approved credits to include timely revisions to risk ratings of same and stipulation of follow-up action plans with respect to existing or potential watch list credits.

  • Attend Risk ID Framework Challenge sessions.

  • Quarterly adjudication of high-risk credits.

  • Attendance of Quarterly High Risk Reviews.

  • Annual review and ongoing compliance of CRM credit risk policies (e.g. concentration limits with respect to obligor, industry, product, geography and underwriting).

  • Continually update knowledge of the designated industry sector through independent research including industry publications and if appropriate conferences.

  • Assisting with the establishment of the credit risk management policies, standards, guidelines and procedures and ensure compliance in the US region as it pertains to US credit transactions and the portfolio.

  • Build a partnership with the businesses that is predicated on trust and respect. Actively manage the change required to align the skills and culture within the CRM function to CIBC's.

  • Interact with U.S. and Canadian Bank regulators and CIBC internal regulators as required.

  • Provide assistance as required during the absence of other credit adjudicators.

CROSS-FUNCTIONAL RELATIONSHIPS

  • Vice Presidents, Managing Directors, Executive Directors, Directors, Associates and Analysts in Corporate Banking and Risk Management;

  • Internal and external industry related contacts such as specialized industry groups within CB, auditors, and clients for the purpose of acquiring relevant industry knowledge;

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.

AUTHORITIES/DECISION RIGHTS

This job has the authority to authorize credits within the prescribed delegated authority.

JOB DIMENSIONS

  • Assessing risk within credit applications submitted by the various industry groups.

  • Interpreting industry, political or economic events where implications of trends are not clear or predictable.

  • Depending on the risk rating profile of the client, recommending restructuring, divestment or referral to Special Loans Supervision.

  • Major challenges of the position relate to the incumbent cultivating effective working relationships with a large complement of line officers who generate business and manage the account relationships on a daily basis. The incumbent must be able to assess the credit worthiness of the client and work with line lenders in structuring a credit offer that meets both the client's and Bank's needs.

  • Provide the appropriate measure of direction to line officers to ensure maximum stewardship of the Bank's exposure within acceptable risk/return parameters.

  • The incumbent must develop and sustain industry expertise with respect to the designated sectors, as appropriate.

  • Promoting a professional image of CIBC, and in particular the unit, to internal and external clients.

KNOWLEDGE AND SKILLS

  • Strong wholesale credit/lending knowledge.

  • Previous successful work experience in the corporate lending space.

  • Robust knowledge of financial statement and credit analysis.

  • Understanding of credit products, their appropriateness for different customer needs, risk factors and competitive strengths and weaknesses.

  • Ability to analyze complex credit transactions.

  • Knowledge of the principles and objectives of effective interpersonal relations, and the ability to apply them to establish and maintain good working relationships with others. The ability to balance divergent goals and deal effectively with conflict.

  • Well-developed writing and presentation skills sufficient to creatively and precisely articulate ideas that involve interpretation, analysis and assessment of large amounts of information.

  • Excellent integrity.

  • Knowledge of PC based software programs and the ability to create spreadsheets, presentations, etc.

WORKING CONDITIONS

  • This role operates within a normal office environment with no exposure to adverse working conditions.

  • This role operates with multiple deadlines with competing priorities.

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Credit Risk Management: Executive Director

Canadian Imperial Bank Of Commerce