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)
What You'll Be Doing
This role serves as a senior leader responsible for both portfolio management and construction lending oversight within CIBC's U.S. Commercial Real Estate platform. The incumbent will partner with Asset Managers, Relationship Managers, and Market Leads to drive portfolio analytics and reporting, while simultaneously providing strategic leadership and operational oversight of CIBC's real estate construction and development loan portfolio. The role reports to the Executive Director and works closely with CRE leadership, Credit Risk, and Services teams.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement will be discussed at the time of your interview.
How You'll Succeed
People Leadership
Set clear performance expectations, conduct regular reviews, and support professional development across the team
Foster a high-performance culture aligned with CIBC's mission, vision, values, and risk culture
Allocate resources effectively to ensure timely and accurate loan administration and portfolio reporting
Hire the right people in the right roles, aligning individual capabilities with business unit goals
Create a positive work environment by championing CIBC's core values and serving as an effective role model
Portfolio Management & Analytics
Support the primary reporting function within the Line of Business, working with other groups across the Bank for data and analytics needs
Assist in identifying quarterly review populations, include high-risk and Enhanced Review credits, and determining their priority
Help facilitate the aggregation of disparate CRE data for portfolio management reporting and internal/external exams
Develop alternative methods to monitor portfolio movements and ensure the LOB remains within set risk limits and desired business mix
Enhance portfolio forecasting capabilities using historical and anticipated payoffs, origination activity, and loan fundings
Develop insights for desired portfolio mix - including geography, client @type, and property @type - to inform CRE strategy and risk appetite
Oversee the output of junior members of the CRE team; reviewing their work to help their growth as a employees
Construction Lending Oversight
Oversee assessment and mitigation of development and construction risk across CIBC's real estate floating rate lending portfolio
Manage employees who review and approve recommendations on loan and escrow disbursements escalated by Team Leads
Ensure portfolio-wide compliance with credit approvals, legal documentation, and underwriting assumptions
Monitor early warning indicators related to budget overruns, construction schedule delays, and borrower performance
Ensure team adherence to rigorous pre-closing due diligence standards, including transaction structure review, loan documentation compliance, and insurance and surety bonding requirements
Stakeholder Coordination & Operational Excellence
Serve as a liaison with other departments, including US Risk Management, Finance, Loan Services, and the CIBC Real Estate Loan Syndication group
Collaborate with Line of Business/Relationship Managers, Loan Operations/Servicing, Title Companies, and third-party consultants
Develop, implement, and continuously improve operational procedures, controls, and workflows for loan administration
Provide executive-level reporting on portfolio health, risk exposures, and emerging concerns
Cross-Functional Relationships
US Risk Management (Risk Analytics and Infrastructure, Credit Risk Management, Enterprise Risk Management), Finance, Loan Services, Loan Syndication group, participant banks, Title Companies, and third-party consultants.
Decision-Making Authority
Authority to recommend and implement changes to business processes to enhance operational efficiency and effectiveness
Final approval authority for loan and escrow disbursement recommendations escalated by Team Leads
Authority to make staffing, resource allocation, and operational decisions within the group
Escalation point for complex credit, compliance, or risk issues prior to Executive Director review
Who You Are
Demonstrated a minimum of 10 years experience in banking or a financial institution, including 3+ years in a management or supervisory role
Demonstrated a minimum of 5 - 7 years CRE expertise in commercial real estate portfolio management, construction lending, and/or data analytics
Education: Bachelor's degree (BA/BS) in Business, Finance, Real Estate, Accounting, Economics, Architecture, Engineering, or Construction Management; advanced degree (MBA or equivalent) preferred
Analytics: Advanced knowledge of financial analysis, modeling, and data aggregation; proficiency in Microsoft Office products
Construction Lending: Familiarity with construction/development software (scheduling, lease analysis, database tools) is an asset
Communication: Strong analytical, organizational, and communication skills with the ability to present complex information to executive audiences
Relationship Management: Ability to foster and maintain commercial relationships with a high level of competency
Travel: Availability to travel for periodic project meetings and site inspections
California residents - your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html) ?
At CIBC, we offer a competitive total rewards package.? This role has an expected salary range of $150,000 - $190,000.00 for the 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.?
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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
Business Operations, Client Facing, Communication, Decision Making, Leadership, Mentoring Staff, Operations Management, People Management, Portfolio Management, Process Improvements, Real Estate, Strategic Initiative Management, Taking Initiative, Technical Knowledge
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.
