CIBC US · 1 day ago
AMD, Sr. Asset Manager - Commercial Real Estate
Chicago, IL
Full-time
Onsite
Mid, Senior Level
$120K/yr - $145K/yr
6+ years exp
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Responsibilities
Exercise non-credit approval authority up to approved limits
Demonstrated expertise in all aspects of the credit life cycle (i.e., underwriting, loan presentations, closing, etc.)
Accountable for accuracy of loan approval documents prepared
Interact with cross-vertical CRE Deal Team members and Credit Risk Management to achieve ultimate approval for renewals and modifications to existing business
Direct client contact as needed in coordination with the Deal Team(s) support
Ensure all customer financial reporting / covenants are collected on time and monitored for assigned portfolio
Accountable for necessary analysis and documentation to achieve credit actions (e.g., structure, waivers, modifications) for assigned portfolio
Complete portfolio responsibilities including portfolio reviews, renewals and reporting in a timely manner (quarterly and annually), 64 Reviews, Shared National Credits, CAMP, FAS 114 memos, etc. for credits in portfolio
Function as a resource for GPM Team Lead and/or RGPM in preparation for any portfolio review related meetings and actively communicate knowledge of the risk points within the portfolio
Conduct site visits and work to gain market expertise in locations where the bank has large exposure or growing exposure
Be engaged and informed of pipeline as deals progress through the underwriting and closing process
Participate in industry events to keep current market knowledge and client relationships
Recommend appropriate risk ratings for assigned portfolio in collaboration with GPM Team Lead and/or RGPM
Escalate 'Issues List' to GPM TL or RGPM and consult with cross-vertical deal team members from loan document negotiation
Support GPM TL and/or RGPM regarding Risk Rating SOX control validation
Escalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to RGPM and/or GPM TL
Serve as the client’s primary contact/resource/advocate at the Bank for portfolio-related issues/reporting/maintenance or new requests on existing credit as well as renewal activities with existing clients ensuring the Deal Team(s) remain informed of all activities
Remain active and engaged in periodic client calls and visits as appropriate and agreed to by any combination of the RHs, MLs, GHs, HDP, HPA, PCRE.
Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator for loan modifications and non-material amendments for assigned portfolio
Engage Deal Team as needed; primarily with respect to material changes to negotiated business terms with the client
Support LOB activities pertaining to Asset Management for assigned portfolio
Work with RGPM and/or GPM TL on evolving trends in Commercial Real Estate. Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed
Provide proper materials and submissions as needed to support the HPA in response to regulators and auditors - internal and external
Support the RGPM, GPM TL and HPA to ensure issue remediation strategy is sufficient, sustainable, and prompt (in accordance with remediation plan/target date). Support the HPA in developing and executing management action plans, collaborating with Governance & Controls team (1B), Independent Risk Management (as needed per the applicable policies, procedures, standards, and guidelines), and Audit as needed
Ensure that the RGPM and/or GPM TL, HAM have the appropriate materials and submissions as needed to support regulatory filings
Respond to the GPM TL and/or RGPM, HAM and HPA on product risk statement and segment risk statement breaches, if applicable
Escalate data incident reports and ensure information is captured accurately (including root cause, impact, and control analysis)
Support the RGPM, HAM, GPMs & HPA by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e., review of specific credits)
Build and support cross-functional partnerships and networks to contribute and drive strong execution around key business initiatives
Maintain strong partnerships with other business functions/units (i.e., Credit Risk Management, Finance, etc.)
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 by 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
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.
Qualification
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Required
Minimum of 6 years of applicable experience in underwriting, structuring, loan closing, documentation, and asset management
Understanding of financial risks (i.e., credit, market and/or liquidity) and/or non-financial risks (i.e., operational, compliance, reputation, strategic), and of financial services businesses and products
Excellent written and verbal communication skills
Strong analytical and problem-solving skills
Results oriented with a high degree of attention to detail
Exceptional interpersonal and relationship building skills
Demonstrated ability to influence and negotiate up, down and laterally
Ability to provide credit expertise within Commercial Real Estate
Expected to be well versed in all key systems, applications, and models used including proficiency in Microsoft Office products with advanced knowledge of financial analysis and modeling
Attend industry events to maintain current market knowledge
Benefits
Medical
Dental
Vision
Health Savings Account
Life Insurance
Disability
Other Insurance Plans
Paid Time Off (including Sick Leave, Parental Leave and Vacation)
Holidays
401(k)
Company
CIBC US
CIBC US provides tailored commercial and personal banking services, private banking, wealth management and small business financial solutions.
1001-5000 employees
H1B Sponsorship
CIBC US has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (24)
2022 (9)
2021 (79)
2020 (6)
Funding
Current Stage
Late StageLeadership Team
Jack Markwalter
CEO
Brant Ahrens
Managing Director & President
Recent News
Company data provided by crunchbase
