JOB PURPOSE   

The Portfolio Manager’s 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 

The Portfolio Manager will be responsible for but not limited to the following activities. 

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 

California residents — your privacy rights regarding your actual or prospective employment 

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $115,00.00-$135,000.00 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also 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.

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