Senior Debt Products Manager – Commercial Real Estate

Job title: Senior Debt Products Manager – Commercial Real Estate

Company: CIBC

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 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 visitSTRATEGIC PRIORITIES:

• Add new strategic relationships
• Build and deepen client relationships
• Increase referral activity across all lines of business

JOB PURPOSEThe Sr. Debt Products Manager primary purpose is to ensure objectives related to credit underwriting for new loan origination activities are met. The Sr. Debt Products Manager is responsible for producingconsistent new deal underwriting which analyzes, presents and ultimately mitigates risk for any new credit that is being recommended for approval by US CRE. The position is ultimately accountable for all material presented throughout the loan origination life-cycle, in New Deals Committee, Prescreen, and Loan Presentations. The Sr. Debt Products Manager will work in close collaboration with their assigned Client Management Regional Head, Market Leads and Group Heads, Asset Management team and their Debt Products Team Lead in various capacities, throughout the loan life-cycle. The role has both external and internal responsibilities including direct engagement with Syndications and Capital Markets, amongst others. The Sr. Debt Products Manager will have direct Borrower interaction and will be responsible for maintaining the client-focused nature of the CRE business.KEY ACCOUNTABILITIES / RESPONSIBILITIESUnderwriting/Credit Approval/Loan Closing

• 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
• Prepare materials presented for pre-screen by assigned Client Management (CM) team
• Exercise non-credit approval authority up to approved limits
• Stay current on industry/market conditions, ensuring policies, procedures, standards, and guidelines (identification of emerging issues) remain up to date and adjust or recommend changes to procedures and standards as appropriate
• Recommend appropriate risk ratings in collaboration with DP Team Lead
• Understand CIBC appetite/limit capacity for deal-specific attributes including business execution, security, HVCRE, etc.
• Escalate “Issues List” from loan document negotiation to Client Manager and DP Team Lead on new transactions as applicable

Risk Management

• Work with DP Team Lead on evolving trends in Commercial Real Estate with collaboration from the assigned Asset Manager. Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed
• Provide feedback to the DP Team Lead HDP in preparation for ERM’s Known and Emerging Risk Meetings
• Provide appropriate materials and submissions as needed to support the HPA in response to regulators and auditors – internal and external
• Work with the DP Team Lead to ensure issue remediation strategy is sufficient, sustainable, and timely (in accordance with remediation plan/target date). Work with the DP Team Lead and/or HDP in developing and executing management action plans, working with Governance & Controls team (1B), Independent Risk Management (as required per the applicable policies, procedures, standards, and guidelines), and Audit as needed
• Ensure that the HDP has the appropriate materials and submissions as needed to support regulatory filings
• Respond to second line challenge of line of business risk identification and review and provide input to materials generated for risk identification processes (e.g. risk self-assessments, minutes, and decks)
• Escalate data incident reports and ensure information is captured accurately (including root cause, impact, and control analysis)

CROSS-FUNCTIONAL RELATIONSHIPS

• Build and maintain 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, Finance, etc.)

RISK & COMPLIANCEOur 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

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.

KNOWLEDGE AND SKILLS

• Minimum of 6 years of applicable experience in underwriting, structuring, loan closing, documentation, and portfolio management
• Solid working knowledge of regulatory expectations and industry best practices in risk 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
• Strong team player and able to work with productively with colleagues towards common goals
• 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

WORKING CONDITIONS

• This role operates within a normal office environment with little exposure to adverse working conditions.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $125,000.00 – $175,000.00 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.#LI-TAWhat CIBC OffersAt 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 benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.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.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.*Subject to plan and program terms and conditionsWhat you need to knowCIBC 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 contactYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.Job Location IL-120 S LaSalle StEmployment Type RegularWeekly Hours 40Skills Analytical Thinking, Business Banking, Business Development, Client Service, Financial Advising, Portfolio Management, Results-Oriented

Expected salary: $125000 – 175000 per year

Location: Chicago, IL

Job date: Sat, 08 Mar 2025 06:57:32 GMT

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