Full Time | Downtown Toronto Stn A PO Boxes 25 The Esplanade Enclave of M5E, ONTARIO | 6 months | Deadline: 30 Apr 2018
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Senior Account Manager, Special Loans, Credit Risk Management
Position Type: Regular
Position Status: Full Time
: Risk Management
: Canada-Ontario-Toronto-25 King Street West 16th Floor
: Apr 30, 2018, 11:59:00 PM
We’re on a mission to build the relationship-focused bank of the future and we’re looking for the passionate collaborators, innovators, advisors, and leaders who can get us there. Our distinct culture is built on a shared commitment to do what’s right for our clients, our people, and our communities, and we strive for excellence in everything we do. Because life at CIBC is not only what you do, but how you do it.
To learn more about CIBC, please visit CIBC.com
What You’ll Be Doing
As a Senior Account Manager, Special Loans and reporting to the Senior Director, Special Loans, you will be based in Toronto and will assist the Senior Director in the administration and management of high risk and impaired Corporate and Commercial Banking accounts. As you develop in the role, you will also manage a designated portfolio of special supervision accounts, including non-performing loans, debts written off, and certain high-risk performing loans, with the objective of restoring deteriorating loans to health, maximizing recovery of non-performing loans, and preserving the Bank's capital.
The role will bring you in direct contact with a wide variety of business executives and senior accounting and legal professionals, frequently under competitive or adversarial circumstances. The portfolio of accounts direct handled by you may be geographically diverse, necessitating familiarity with a variety of different business environments and legal systems. This will also necessitate periodic travel.
How You’ll Succeed
Relationship Management - You will:
Analyze and assume responsibility for all new accounts assigned, discussing matters with relevant line lending officers, and notifying relevant customers, as appropriate. Within delegated parameters, negotiate, document, and implement work-out and restructuring arrangements for assigned accounts.
Analyze and interpret client business plans and /or proposed restructuring plans.
Instruct counsel on the preparation of documentation, including financing agreements, and negotiate the agreements with relevant parties (i.e. debtor, syndicate lending partners, other lenders, asset purchasers, etc.)
Monitor progress within work-out plans, taking steps as appropriate to amend arrangements in accordance with changing circumstances.
Negotiate and approve disposition of assets acquired through loan realization proceedings, within delegated authority.
Authorize new advances within delegated lending authority (and analyze and recommend for those beyond delegated limits) in the context of overall work-out and restructuring arrangements.
Assist in the evaluation of proposals, developments and monitoring of budgets, and analysis of non-performing loans and loan loss estimates.
Prepare periodic reports and otherwise keep the supervising officer informed on status of assigned accounts, progress of negotiations and management of accounts.
With the assistance of CIBC’s Agency Group, assist with the management of all aspects of loan syndicates where CIBC is the Agent Bank.
Portfolio Management - You will:
Ensure a thorough understanding of the client’s business including, as appropriate, the soundness of business strategies, competitive position, quality of management, business risks, ownership and control, and financial risks. Ensure risk ratings reflect the inherent risk at all times.
Prepare Quarterly / Watch List Reports, Impairment Tests, risk rating documentation, takeover communications, and Impaired Loan Summary Reports.
Liaise with back office regarding account transactional matters including lodging, release and recording of security, changes in risk ratings and programmed limits, account enquiries, and the like.
Assist in SOX/Financial Controls requirements, information production and compliance tracking.
Who You Are
You can demonstrate knowledge of credit practices, variables that impact upon credit risk, knowledge of the systems and programs commonly used in credit risk management. You have comprehensive level of knowledge of strategic planning, business planning, forecasting, and modeling gained through extensive hands-on experience. Knowledge of insolvency practices used in Canada/US would be beneficial.
You have a degree majoring in business or a related discipline or a CPA, CFA or an MBA or equivalent work experience. You have strong knowledge of accounting and finance, sufficient to understand various financing options and to provide structural financial advice in the areas of balance sheet structure. You are well versed in Word, Excel, PowerPoint..
You’re fluent in English. Bilingual in French and English would be beneficial. You are a s easoned and highly skilled negotiator with effective oral and written communication and presentation skills sufficient to translate strategies into action.
You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity. You have strong relationship management skills to effectively interface with senior business people, including stakeholders, accounting, legal and other professionals.
You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
What CIBC Offers
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 you flexibility and support.
Connect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity
Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities and individual development planning
Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, and employee share purchase plan
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.
You need to be legally eligible to work in Canada at the location(s) specified above and, where applicable, must have a valid work or study permit
This is a regular full time role with a schedule of 37.5 hours each week. However travel and work outside of normal working hours may be required.
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