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 JOB PURPOSE The Portfolio Manager primary purpose is to ensure objectives related to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity. KEY ACCOUNTABILITIES / RESPONSIBILITIES 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. Client Sales Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit Renewal activities with existing clients – PM 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 (draws, increases, paydowns, payoffs) Client Onboarding/Closing Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator 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 New Deals Committee, Prescreen and initial term sheet negotiation. Responsible for the LP prior to submission for credit approval while providing direction to the relationship team. Non-credit approval authority up to approved limits Client Portfolio Maintenance Work with CIS Relationship Support to update / correct identified data issues Address upcoming maturities and annual reviews on time; help remediate payment past dues Ensure all customer financial reporting / covenants are collected on time Support closing team to ensure collection of outstanding loan document exceptions Follow up on past due real estate taxes / insurance certificates to clear exceptions Prepare CAMP reports and quarterly trend cards / reviews Prepare FAS 114 memo / analysis Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc. Review borrowing base availability and approve loan advances Perform loan structuring in support of underwriting and credit approval Coordinate onboarding, deposit account opening and TM setup activities Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly Remain active and engaged in periodic client calls and visits for assigned portfolio Renewal activities with existing clients – PM leading associated activities with RM input Has direct client contact in performing responsibilities as needed in coordination with the Relationship Manager Client Penetration/Cross Sell Consults with the RM on cross-sell opportunities Conducts pre-call planning and post-call follow-up 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) COMPLIANCE REQUIREMENTS/RESPONSIBILITIES As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. AUTHORITIES/DECISION RIGHTS As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness. 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 KNOWLEDGE AND SKILLS Bachelor’s degree preferred Minimum 6 years of experience including underwriting, structuring, loan closing, documentation, and portfolio management Ability to produce an LP independently Proficient in loan structuring to effectively mitigate risk Expected to be well versed in all key systems, applications, and models used Completion of Commercial Banking Training Program or equivalent WORKING CONDITIONS This role operates within a normal office environment with little exposure to adverse working conditions. Occasional travel required. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $145,000.00 - $180,000.00 for the New York, NY market based on experience, qualifications, and position location. 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. Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process. https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html 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. Job Location NY-300 Madison Ave., 7th Floor Employment Type Regular Weekly Hours 40 Skills Client Calls, Credit, Credit Underwriting, Portfolio Management, Risk Management, Underwriting 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.