Director, Credit Solutions Jobs

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

What You’ll Be Doing

CIBC Innovation Banking provides strategic advice and funding to North American innovation clients at each stage of their business cycle, from start up to IPO and beyond.

As a Director, Credit Solutions you will be responsible for all aspects of underwriting, managing and reporting on client accounts. Your role will include regular monitoring of a portfolio of Innovation Banking loan accounts to ensure compliance with all agreed terms, analyzing due diligence results to validate lending eligibility, preparing credit applications and other credit correspondence, analyzing borrowers’ financial condition and account status, actively assisting with the negotiating of legal documentation. You will also maintain ongoing relationships with an assigned portfolio of accounts. You will work closely with the originations team to develop your skills for a career path in business development.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Client First – Proactively assess your clients’ needs and propose solutions to deliver to meet those needs. Provide continued partnership and support to your clients through understanding their goals and objectives. Appropriately address borrowers’ requests in a timely manner and ensure that any related credit applications are completed accurately and in a timely manner.
• Portfolio Management – Manage a portfolio of loan accounts while ensuring reporting requirements are met, financial covenant tests are completed, and comprehensive credit reviews are prepared and submitted to the risk group. Approve loan advances based on appropriate review and compliance of documents submitted by borrowers.
• Coaching – Coach and mentor more junior members of the Credit Solutions team
• Management Reporting – Provide management with information on accounts, proactively report on problems or issues, complete reviews and present analysis on borrowers’ financial condition.
• Credit Management – Work with the originations team to prepare strong financing proposals (structuring terms and conditions including security, covenants and pricing) that properly reflect and compensate CIBC for assessed risk. Assist in preparing draft recommendations on credit submissions and investment proposals to present to senior management. Assist with comprehensive due diligence on all transactions, including preparing credit memoranda and other credit correspondence in a well thought out, thorough and efficient manner. Work with the originations team throughout the underwriting process for new transactions, complete credit correspondence, review documentation, set up reporting, etc.

Who You Are

• You give meaning to financial data. You enjoy investigating complex problems and making sense of information. You have a good understanding of corporate finance and ability to evaluate and understand complex capital structures.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
• Education You've Completed. You have a Bachelors or equivalent degree in Business, Finance, Accounting, Technology or related field. Advanced business degree or professional designation (MBA/CFA/CA/CGA/CMA) or equivalent work experience would be an asset.
• You demonstrate experience in commercial lending or adjudication and, strong knowledge of marketplace and loan structuring. This is experience may have been gained through a minimum of 6 years working in technology lending, venture capital, and/or commercial or corporate banking.

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.

• Our spaces and technological toolkit will make it simple to bring together great minds to build 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
• We work to recognize you in meaningful, personalized ways including a competitive compensation, incentive pay, banking benefits, a health benefits program, defined benefit pension plan, an employee share purchase plan and moment makers, our social, points-based recognition program

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 [email protected]
• 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

Toronto-81 Bay, 10th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Credit, Lending