Special Loans Risk Manager

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

The Senior Special Loans Risk Manager is a seasoned expert responsible for assisting in the administration and management of high risk and impaired accounts to maximize shareholder value and minimize capital erosion of high risk and impaired assets. The role works with minimal direction on complex projects using deep knowledge in their field of expertise, maximizing the recovery of non-performing loans and restoring deteriorating loans to health to preserve CIBC’s capital. The Senior Special Loans Risk Manager manages a designated selection of accounts including non-performing loans, debts written off, assets in the loan realization account, and certain high-risk performing loans, developing action plans to curb credit problems related to specific accounts. The role exercises considerable judgement for decision making, providing innovative ideas including the use of third party service providers such as trustees, legal counsel, and bailiffs to introduce superior recoveries at acceptable expense.

Knowledge

• Proven track record in commercial lending with emphasis in commercial real estate
• Extensive knowledge of commercial real estate accounting, financial statement analysis, cash flow analysis, and CRE workouts
• Knowledge and understanding of CRE debt disposition strategies
• Thorough knowledge of Microsoft Office, including Word, Excel, and PowerPoint, and Visio
• Working knowledge of ASC 310-10-35 FAS 114 impairment practices and the Basel III Accord

Skills

• Strong analytical background
• Knowledge of financial, accounting,  and legal processes and principles associated with commercial lending
• Ability to analyze large amount of data and recommend appropriate steps to be taken in workout situations
• Sense of urgency
• Attention to detail, accuracy, and consistency
• Ability to effectively communicate and interact with borrowers, external business partners, internal business partners, and stakeholders of the CRE debt disposition process
• Interact constructively within reporting structure and across organizational boundaries
• Working knowledge of operational process improvement preferred

Education

• Bachelor’s Degree in related field or equivalent work experience required
• MBA preferred

Experience

• 4-6 years of experience in banking / finance industry required
• Special Assets experience preferred

Working Conditions

• 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
• Some travel required
• Fast-paced office environment
• Strong focus on providing quality service to internal and external customers

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
• Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
• Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
• Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

California residents — your privacy rights regarding your actual or prospective employment 

At CIBC, we offer a competitive total rewards package.  This role has an expected salary range of $105,000 – 130,000 for the New York, New York market based on experience, qualifications, and location of the position.  The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

CIBC offers a full range of benefits and programs to meet our employee’s 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), Holidays,  and 401(k), in addition to other special perks reserved for our team members. 

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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

CA-520 Newport Center Dr

Employment Type

Regular

Weekly Hours

40

Skills

Business Development, Financial Advising, Long Term Planning, Market Trends, Operations Management, People Management, Real Estate Financing, Relationship Management, Risk Management and Mitigation

Salary : $105,000 - $130,000