Commercial Real Estate Underwriting & Portfolio Manager - GPM

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

A CRE Group Portfolio Manager (GPM) is expected to manage a portfolio of CRE loans across all products types. Their primary responsibilities will include reviewing analyst and AM modification/Annual Review drafts, reporting on their assigned portfolio, and managing internal and external reviews of their portfolio. Additionally, the GPM is expected to:

-Work with offshore resources to complete reviews

-Provide leadership and training to junior employees

-Act as the liaison between credit, the line of business, and the borrower

-Act as the front line risk manager for their credits.

What You'll Be Doing

The Group Portfolio Manager will be responsible for but not limited to the following activities. 

Primary responsibilities for this position will be that of Portfolio Management and ensuring that the 1A risk management activities are executed in a manner consistent with CIBC’s risk culture. 

How You'll Succeed

•  Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals   

• Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training  

•  Manage performance by providing fair and accurate formal and informal feedback, identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities  

• Create a positive work environment and being an effective role model by championing CIBC’s mission, vision and values  

•  Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect.

Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.   

Who You Are

• Work Collaboratively: Jointly work with RM, Market Lead and Group Head and advised on deal structure, risk and resources.   

• Manage Workflow and maintain an accurate pipeline of all  opportunities in Salesforce, and ensure visibility to support teams 

• Exercise credit approval authority (non-LPO)  for certain credit products and processes up to approved limits 

Client Onboarding/Closing 

• Manage workflow / pipeline and ensure visibility to support teams 

• Support efforts of the Deal Team (RM, PM, Commercial Banking Specialist) to ensure onboarding/closing client experience is optimized by acting as the escalation point to resolve issues. 

Client Portfolio Maintenance 

• Expected to engage with RMs, PMs and Associates strategically to help address issues or roadblocks, and to ensure timely and proper execution of PM activities within their areas of coverage 

• Ensure reviews, renewals, and reporting are timely and oversee PMs to ensure risk ratings are accurate and reviews all loan presentations prior to submission 

• Report past due status (e.g. R/A/G reports) to HPA 

• Primary representative of Group in portfolio review meetings and will have knowledge of the risk points with the portfolio (portfolio concentration limits, portfolio mix, etc.) 

• Sign off on pricing grid reviews and ensure past due tickler report items are remediated  

• Attend Loan Committee meetings to support RMs/Market Leaders on behalf of Group Head and responsible for understanding potential risks. 

• Enhanced Oversight Officer (“EOO”) role on all transactions rated 5W and worse 

• Sign off on quarterly SOX controls 

• Support the Group to prepare for Credit Review or FRB/FDIC/OSFI exams 

• Ensure team readiness for CAMP and quarterly trend card / review meeting including review of submission materials as well as Shared National credit exams 

• Review all FAS 114 specific reserve / impairment materials prior to submission 

• Coordinate manual data collection efforts (i.e. situations not automated / sourced from system) 

• Has direct client contact in performing responsibilities as needed 

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 $175,000.00 -$220,000.00 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 may also 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. 

This position does not offer visa sponsorship.  

#LI-TA  

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.

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