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
What You'll Be DoingAs the Community Development Director, Head of CRA Investments, you will be responsible for managing all aspects of the CRA Investment Portfolio. This includes management/oversight of sourcing, preparing & presenting new deals, completing periodic reviews and recordkeeping on existing investments, and day to day tasks such as working with various areas to close, book, and fund new deals; funding periodic capital calls; and ensuring payments are properly applied. Relationship building with community organizations is also an important component of this position.
How You'll Succeed

• Identify and evaluate new CRA investment opportunities.
• Review/Edit Investment Presentations authored by the other staff members.
• Management, training, and career development of staff including Community Development Relationship Managers, analyst and portfolio asset manager.
• Play a lead role in planning and preparing materials for the Chief Credit Officer and the CRA Investment Committee, a group of Bank staff who have been selected to serve on the committee based on their area of expertise and who have designated investment approval authorities.
• Periodic reporting on portfolio status and/or creative projects taken on by the team.
• Act as Subject Matter Expert for the Bank regarding Equity Investments in Community Development projects; represent CIBC on external commissions/working groups.
• Manage risks aligned with the Bank’s risk culture and oversee risk assessment program for the CRA Investment portfolio. Tasks vary from developing a process to appropriately assessing and evaluating risk for a given investment to evaluating risk for a particular class of investment categories as a whole.
• Management of a risk evaluation template for each investment class. Communicate risk assessment strategy with Credit review and Risk to gain acceptance and approval to implement.
• Maintain quarterly dashboard and report to Credit Risk Committee on a quarterly basis.
• Work with external consultants to obtain quarterly valuations of certain investments as directed by Finance.
• Manage long term exits and workouts in the CRA Investment Portfolio
• Create and maintain governance documents including the CRA Investment Committee Charter and CRA Investment Policy.
• Serve on the Oversight Committee for Midwest Industrial Redevelopment Corporation, an affiliate of CIBC Bank USA that applies for and distributes New Markets Tax Credits.
• Work with the Head of Community Development to develop targets for CRA Investments in each of the Bank’s CRA assessment areas. Develop a plan to ensure the Bank is performing above target when examined by the FDIC for CRA.

Who You Are

• You have a Bachelor’s degree. Master’s degree is preferred.
• You have a minimum of 7-10 years of experience as a relationship manager, portfolio manager or underwriter in a community development investment or lending role, commercial real estate lending or similar experience. Experience with low-income housing tax credit deal structuring required.
• It’s an asset if you have formal credit training and experience managing workflow of credit analysts.
• You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.
• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making. Excellent customer service and interpersonal skills, including verbal and written communications.
• You have knowledge of Community Reinvestment Act and Community Development Finance.
• You have the ability to manage multiple tasks simultaneously.
• You have a strong commitment to community development and relationship building.
• You possess advanced Excel, Word, and PowerPoint skills. Experience with IBS/ACBS and Kadince is an asset.
• You’re goal oriented. You’re motivated by accomplishing your goals and delivering your best to make a difference.
• You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

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What CIBC OffersAt 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 LocationIL-120 S LaSalle St
Employment TypeRegular
Weekly Hours40
SkillsAnalytical Thinking, Change Management, Financial Accounting, Financial Analysis and Reporting, Group Problem Solving, Leadership, Management Accounting, Management Information Systems (MIS), Management Reporting, Operational Efficiency