Credit Manager, Credit Structuring, CIBC Private Wealth - Bilingual

CIBC; Montreal; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Benefits program

Wellbeing support

MomentMakers program

Purpose Day

Job summary

CIBC Private Wealth Management in Montreal seeks a Credit Manager to oversee complex credit books for high net worth clients within Private Banking. You will support advisors with lending structures and ensure compliance with credit policy.

The role requires a strong background in personal and commercial lending, financial statement analysis, and collaboration with Wealth Risk Management. On-site/hybrid work arrangements will be discussed at interview.

Qualifications

• Knowledge of credit principles for high net worth and commercial lending.
• Ability to read and analyze financial statements for credit applications.
• Experience with credit policies and documentation.

Responsibilities

• Analyze client information and recommend lending facilities and security structures.
• Prepare credit applications and coordinate with Wealth Risk Management.
• Monitor expiries and manage the existing credit book.
• Support Private Banking Advisors with credit policy guidance.

Skills

Client Service

Credit Consulting

Credit Products

Data Analysis

Market Trends

Problem Resolution

Relationship Building

Risk Assessments

Education

Bachelor's degree in Business or Finance

Tools

Microsoft Office

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

What You’ll Be Doing

CIBC Private Wealth Management delivers customized banking, financial planning, investment management and specialized advisory solutions to meet the unique needs of Canada’s high net worth individuals, families, private holding companies, trusts, estates and charitable foundations. CIBC Private Wealth Management is comprised of the following lines of business:

• CIBC Private Banking – Exclusive personal service for high net worth individuals providing comprehensive financial advice and solutions in investments, credit, cash management and foreign exchange.
• CIBC Investment Counsel (CPIC) - Provides discretionary investment management expertise and tailored portfolios.
• CIBC Wood Gundy - Provides integrated wealth management solutions to highnet-worth individuals and families through a network of trusted Investment Advisors and Portfolio Managers.
• CIBC Trust - Provides professional estate administration, power-of-attorney, and trustee services with expertise in tax reporting, property management, and investment management.

The Credit Manager is accountable for the ongoing management and administration of the complex credit book within Private Banking working under the direction/guidance of the Director, Credit. The Credit Manager role manages the credit quality of the high net worth client base found within Private Banking whose credit needs and financial structures are typically more complex. The role is actively engaged supporting Private Banking Advisors grow their credit opportunities while also ensuring appropriate oversight of their existing credit book. 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.

How You'll Succeed

• Client Focus - Provide guidance and offer support on new credit requests with Private Banking Advisors. This will include analyzing and understanding client financial information (holding companies / individuals) and assessing its relative strength against the credit request. This will also include confirming and/or recommending an appropriate lending facility and security structure to support for the proposed credit request. For more complex situations this may involve direct communication with the client and/or their professional advisors to ensure an appropriate understanding of their information and what is being requested.
• Credit Management - The Credit Manager role is involved with preparing credit applications (iCap and CLASS CIBC credit platforms), partnering with Wealth Risk Management in negotiating credit terms, helping with and/or creating loan documentation and helping with and/or liaising directly with back-office on security documentation. Help manage the existing complex credit book with particular focus managing expiries. This will include identifying expiries ahead of time and working with the Private Bankers/Associates to ensure proper monitoring of the credits, appropriate information is attained and ensuring reviews are completed. Provide credit structuring guidance and advice to the Private Banking Advisors and local leadership.
• Deal Summaries - Support leadership team in preparation of deal summaries on large credit requests to allow an appropriate early engagement with senior leadership within Private Banking and Wealth Risk Management.
• Collaboration - Active engagement within the respective Private Banking office ensuring the Private Banking Advisor and Associate audience are well aware of credit policy and procedures within the Private Banking segment.

Who You Are

You have a Bachelor's degree in from a recognized post-secondary educational provider, preference given to candidates who have focused on business and/or finance You can demonstrate experience in. You have solid working knowledge of the main credit principles for personal lending including high net worth clientele as well as solid working knowledge of the main credit principles for commercial lending. You have solid working knowledge of product attributes and principles used in personal, residential, mortgages and business lending, both at CIBC and in the broader marketplace. You have knowledge and experience reading/interpreting/analyzing financial statements and putting this information into practical use within the context of a credit application. You have knowledge of high net worth financial/estate planning concepts. You have good working knowledge of CIBC products and services as it relates to high net worth clients You're digitally savvy. You have strong computer literacy including proficiency in Microsoft Office suite. Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability. You're fluent in French and English to serve our clients in the community.

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:

• competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

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. *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 [e-mail] CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. 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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process. 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

Mont-1155 Rene Levesque O-1125

Employment Details

Employment Type Regular

Weekly Hours 37.5

Skills

Client Service, Credit Consulting, Credit Products, Data Analysis, Market Trends, Problem Resolution, Relationship Building, Risk Assessments

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 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.