Associate, Special Loans, Credit Risk Management job in Canada at CIBC

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Employer - CIBC
Job title - Associate, Special Loans, Credit Risk Management
Job Description

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 feel empowered at work. Our team members have what they need to make a meaningful impact and feel truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

Job Description

What You’ll Be Doing

As an Associate, Special Loans and reporting to the Senior Director, Special Loans, you will be based in Toronto and will assist the Senior Director and Directors in the administration and management of high risk and impaired Corporate and Commercial Banking accounts with the objective of restoring deteriorating loans to health, maximizing recovery of non-performing loans, and preserving the Bank's capital. The role will bring you in direct contact with a wide variety of business executives and senior accounting and legal professionals, frequently under challenging circumstances.

How You’ll Succeed

Analytical - You will analyze all new accounts assigned, discussing matters with relevant line lending officers, and notifying relevant customers, as appropriate. Support the Senior Director and Directors in the negotiation, documentation, and implementation of work-out and restructuring arrangements for assigned accounts. Analyze and interpret client business plans and /or proposed restructuring plans.
Detail Oriented - Instruct counsel on the preparation of documentation, including financing agreements, and negotiate the agreements with relevant parties (i.e. debtor, syndicate lending partners, other lenders, asset purchasers, etc.) Monitor progress within work-out plans, taking steps as appropriate to amend arrangements in accordance with changing circumstances.
Negotiation and Evaluation – Support the Senior Director and Directors in the negotiation and disposition of assets acquired through loan realization proceedings, within delegated authority. Analyze and recommend new advances in the context of overall work-out and restructuring arrangements. Assist in the evaluation of proposals, developments and monitoring of budgets, and analysis of non-performing loans and loan loss estimates. Prepare periodic reports and otherwise keep the supervising officer informed on status of assigned accounts, progress of negotiations and management of accounts. With the assistance of CIBC’s Agency Group, assist with the management of all aspects of loan syndicates where CIBC is the Agent Bank.
Business Acumen - Ensure a thorough understanding of the client’s business including, as appropriate, the soundness of business strategies, competitive position, quality of management, business risks, ownership and control, and financial risks. Ensure risk ratings reflect the inherent risk at all times. Prepare Quarterly / Watch List Reports, Impairment Tests, risk rating documentation, and Impaired Loan Summary Reports. Liaise with back office regarding account transactional matters including lodging, release and recording of security, changes in risk ratings and programmed limits, account enquiries, and the like. Assist in SOX/Financial Controls requirements, information production and compliance tracking.

Who You Are
You can demonstrate experience in credit practices, variables that impact upon credit risk, knowledge of the systems and programs commonly used in cr
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Job Location Canada
Date Posted 20 Feb 2020
Employer Email --No Email
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