Credit Manager, Private Wealth Management Lending

Canadian Imperial Bank of Commerce; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto seeks a Credit Manager to oversee the management of a complex credit book for high net worth clients. Responsibilities include client support, credit management, and collaboration with advisors. Candidates should have a Bachelor's degree, experience with credit principles, and strong digital literacy. This role offers a dynamic work environment focused on client relations and financial excellence.

Benefits

Inclusive workplace environment

Career development opportunities

Qualifications

• Solid working knowledge of credit principles for personal and commercial lending.
• Ability to read and interpret financial statements.
• Familiarity with high net worth financial/estate planning concepts.

Responsibilities

• Provide guidance on new credit requests with Private Banking Advisors.
• Prepare and manage credit applications.
• Support leadership in preparing deal summaries for large credit requests.

Skills

Client Service

Credit Consulting

Data Analysis

Problem Resolution

Relationship Building

Risk Assessments

Education

Bachelor's degree in business or finance

Tools

Microsoft Office

Job description

Overview

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 high net 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 under the direction 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 actively supports Private Banking Advisors in growing their credit opportunities while ensuring appropriate oversight of the existing credit book.

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 support on new credit requests with Private Banking Advisors. Analyze client financial information (holding companies / individuals) and assess its strength against the credit request. Confirm or recommend an appropriate lending facility and security structure. 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 – Prepare credit applications (iCap and CLASS CIBC credit platforms), partner with Wealth Risk Management in negotiating credit terms, assist with loan documentation and liaise with back-office on security documentation. Help manage the existing complex credit book with a focus on expiries, identifying expiries ahead of time and coordinating with Private Bankers/Associates to ensure proper monitoring and reviews. Provide credit structuring guidance and advice to Private Banking Advisors and local leadership.
• Deal Summaries – Support leadership in preparing deal summaries on large credit requests to enable early engagement with senior leadership within Private Banking and Wealth Risk Management.
• Collaboration – Actively engage within the Private Banking office to ensure the Private Banking Advisor and Associate audience are aware of credit policy and procedures.

Who You Are

• Bachelor's degree from a recognized post-secondary provider; preference given to candidates with focus on business and/or finance.
• Experience with credit – Solid working knowledge of the main credit principles for personal lending including high net worth clientele and knowledge of credit principles for commercial lending. Familiarity with product attributes in personal, residential, mortgages and business lending, both at CIBC and in the broader marketplace. Ability to read/interprets financial statements and apply this information to credit applications. Knowledge of high net worth financial/estate planning concepts and familiarity with CIBC products and services for high net worth clients.
• Digital savvy – Strong computer literacy including Microsoft Office.
• Values – You bring your real self to work and you live our values — trust, teamwork, and accountability.

What you need to know

• CIBC is committed to an inclusive environment. If you need accommodation, please contact [e-mail]
• You need to be legally eligible to work at the location(s) specified and, where applicable, must have a valid work or study permit.
• We may ask you to complete attribute-based assessments and other skills tests as part of the application process.

Job Location Toronto-81 Bay, 11th Floor

Employment Type Regular

Weekly Hours 37.5

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