Diligence Manager & Managing Director
CIBC
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**
The Diligence Manager will be responsible for but not limited to the following activities. Primary responsibilities for this position will be that of Underwriting and Portfolio Management and execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.
_You can effectively perform all work activities_ _remotely, and_ _will only be required to be on-site on an occasional basis._
**How You'll Succeed**
**Client Sales**
+ Serve as the client’s secondary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit
+ Renewal activities with existing clients – Diligence leading associated activities with RM input
+ Remain active and engaged in periodic client calls and visits for assigned portfolio
+ Maintain Salesforce pipeline on existing clients (field exams, quarterly updates)
**Client Onboarding**
+ Loan closing process – responsible for driving the diligence process with RM
+ Responsible for administering the initial field exam/ diligence projects
+ Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client
**Underwriting/Credit Approval**
+ Drives new transactions by leading activities related to diligence and initial term sheet negotiation. Responsible for providing direction to the relationship team.
+ Non-credit approval authority up to approved limits
**Client Portfolio Maintenance**
+ Ensure all customer financial reporting / covenants are collected on time
+ Review borrowing base availability
+ Perform loan structuring in support of underwriting and credit approval
+ Remain active and engaged in periodic client calls and visits for assigned portfolio
+ Has direct client contact in performing responsibilities as needed in coordination with the Relationship Manager
+ Coordinate field exam projects with outside third-party field exam services providers
+ Responsible for reviewing field exam reports and summarizing critical findings
+ Readiness for quarterly trend card/ review meeting
+ Monitor client key performance metrics and escalate material changes to RM
**Management Responsibilities and Team Training**
+ Mentor and provide situational training support to Associates and Sr. Associates
**Risk Management**
+ Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)
**CROSS-FUNCTIONAL RELATIONSHIPS**
+ Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)
**RISK & COMPLIANCE**
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
+ Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
+ At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
+ Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
+ Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
+ Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
+ Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
+ Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
**Who You Are**
+ **You** **demonstrate** **experience in** supporting communications for senior executive leaders, including events, speaking notes, communications planning and advice. You have led a team and are proficient in coaching and developing those around you. You’re creative, resourceful and tenacious, and believe communications should be engaging and meaningful. You’re an idea generator who can execute on those ideas and lead a team toward the finish line. You’re a natural storyteller and can find common threads and themes across businesses to tell an engaging, meaningful story.
+ **You put our clients first.** You engage with purposeto find the right solutions. You go the extra mile, becauseit's the right thing to do.
+ **You're** **driven to succeed.** You’re motivated by accomplishing your goals and delivering your best to make an impact
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 $125,000.00- $175,000.00 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.
\#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.
**Job Location**
TX-Texas - Virtual
**Employment Type**
Regular
**Weekly Hours**
40
**Skills**
Portfolio Management
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 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
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