at CIBC in Chicago, Illinois, United States
Job Description
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 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 CIBC.com (https://www.cibc.com/en/about-cibc.html)
JOB PURPOSE
As a member of the Commercial Banking team, you’ll build lasting relationships with business owners and executives throughout the country to help them realize their ambitions. The Loan Syndications team is responsible for supporting the Middle Market Commercial & Industrial Lending business (“C&I”).
Reporting to the Head of Underwriting and Portfolio Management, the Loan Syndications Underwriting and Portfolio Management Director or Executive Director will be responsible for independent management of the loan syndication origination and amendment process from origination to close, particularly on the largest and most complex credits, ensuring accuracy of underwriting and efficient execution of multi-bank transactions. Other responsibilities include supporting the team’s broader infrastructure initiatives, internal reporting and mentoring junior team members. The ideal professional for this highly analytical, detail-oriented and process-driven role is a resourceful, independent self-starter with a strong C&I credit background, fastidious attention to detail and solid relationship management skills.
KEY ACCOUNTABILITIES
+ Collaborating with external co-lenders. Preparing, distributing and communicating transaction information to co-lenders, including the preparation of transaction marketing materials (i.e. bank books, teasers, etc.) and management of our syndicated loan database.
+ Arranging and participating in bank meetings with co-lenders (travel required), as well as collaborating with Agency Services to execute the syndication closing process.
+ Producing complex reports for internal use, external data sharing, submission to senior management and various auditors.
+ Critically reviewing underwriting, due diligence and legal documentation.
+ Portfolio managing existing agented transactions and leading the amendment process on previously closed syndications.
+ This position is highly involved in role-modeling and mentoring junior members of the team.
+ Maintaining market knowledge and industry awareness, and effectively communicating knowledge to others within CIBC.
+ Works closely alongside the Head of Underwriting and/or Head of Sales to develop new products and infrastructure enhancements.
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
+ 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.
CONDUCT & CULTURE RISK
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s 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 Bank’s 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 CIBC’s 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 CIBC’s reputation as a leading financial institution
KNOWLEDGE AND SKILLS
+ Bachelor’s Degree or higher
+ Minimum 12+ years of direct C&I finance/credit experience
+ Ability to meet deadlines and establish priorities to manage a high volume of transactions
+ Exceptional verbal and written communication skills
+ Strong interpersonal skills
+ Capital Markets and Syndications experience is a plus
California residents – your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html) ?
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 Mailbox.careers-carrieres@cibc.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.
+ 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
40
Skills
Active Listening, Budget Preparation, Client Relationship Management, Customer Experience (CX), File Maintenance, Interpersonal Communication, Presentation Preparations
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities – a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
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