Underwriter - Risk Management Internship

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

As an Underwriter in the department of Credit Adjudication, Lending Risk Management you’ll be accountable for reviewing, processing and approving residential mortgage/real estate secured and unsecured applications received from branches and alternate distribution channels in a timely and effective manner, resulting in the achievement of CIBC’s mortgage and lending target. To best assist our business partners across Canada, you are required to be flexible to work varying shifts such as 12pm-8pm.

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

• Make Effective Decisions – Negotiate, approve/ decline and make recommendations for applications within established CIBC processes, guidelines within an authorized lending limit, including residential mortgage, real estate secured and unsecured applications.
• Be Agile – Manage high work volumes to meet short time lines with a high level of quality and due diligence. You will also be expected to review a variety of lending products on a daily basis.
• Facilitate Risk Assessment – Review, prepare and make considered recommendations to Manager or senior underwriter where residential mortgage application is above authority limit.
• Foster Relationship building – Effectively handle correspondence and telephone inquiries from internal business partners and external business partners such as insurers, appraisers and solicitors.
• Exercise Analytical Mindset – Gather, review and assess information and complete documentation to support each credit application within CIBC risk parameters and Insurers guidelines as applicable.

Who You Are

• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
• You are a 4th year or recent graduate from an accredited post-secondary institution
• You can demonstrate knowledge/experience in dealing with mortgages, real estate secured and unsecured applications. You have excellent proficiency with computer software such as Microsoft Word, Excel, PowerPoint and SharePoint.
• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

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 health benefits program, defined benefit pension plan, an employee share purchase plan and MomentMakers, our social, points-based recognition program
• 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
• 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

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, 34th Floor

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Business Operations, COINS systems, Communication, Detail-Oriented, Lending, Residential Mortgages, Risk Management