Associate, Underwriting, Innovation Banking

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 Job Description What You’ll Be Doing As an Associate, Underwriting, you will be involved with 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 sales team to develop your skills for a career path in business development. 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. Credit Management – Assist the relationship manager to prepare strong financing proposals (structuring terms and conditions including security, covenants and pricing) that properly reflect and compensate CIBC for assessed risk. Prepare draft recommendations on credit submissions and investment proposals to present to senior management and take point on answering any questions or addressing comments. Lead comprehensive due diligence on all transactions, including negotiating credit legal documentation and preparing credit memoranda and other credit correspondence in a well thought out, thorough and efficient manner. Work with the Business Development team throughout the underwriting process for new transactions, complete credit correspondence, review documentation, set up reporting, etc. 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. Management Reporting – Provide management with information on accounts, proactively report on problems or issues, complete reviews and present analysis on borrowers’ financial condition. Who You Are 3 years of lending experience in a corporate/commercial bank Ideally from a levfin/structured finance background in the UK/European mid-market Experience of transaction management within a bank/fund lending environment BSc/BA Degree in Science, Finance, Statistics, Math or Economics; MBA a plus, CFA a plus. Top candidate would have prior Corporate or Commercial credit experience and financial modelling skills but others with strong financial statement analysis skills will be considered. The ability to conduct credit analysis to underwrite a business credit lines. Understanding the venture capital / start up ecosystem is a plus. Must be able to work independently and quickly gain a thorough knowledge of CIBC’s banking operations. Must have strong organizational and time management skills, and excellent verbal, written, interpersonal communication, and facilitation skills to lead meetings or interviews with subject matter experts and other project contributors or stakeholders. Must be able to collaborate with all related business partners internally and externally. Prefer deep experience from a large financial institution that has credit product offering to small business. Demonstrated expertise in commercial credit underwriting is required as is the ability to be consultative and influential on risk related decisions that could impact the long term health of the organization. Software: Demonstrated proficiency working with computers and Microsoft Office applications (specifically, Outlook, Excel, Visio, Word, and PowerPoint). Knowledge of SAS, SQL or other data management computer language is a plus but not required. Links CIBC Innovation Banking Site: https://www.innovationbanking.cibc.com/en/home Portfolio: https://www.innovationbanking.cibc.com/en/all Recruitment Video: https://www.youtube.com/watch?v=M8huHWN7TeQ 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 Mailbox.careers-carrieres@cibc.com 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 150 Cheapside, London, UK Employment Type Regular Weekly Hours 35 Skills Analytical Thinking, Business Credit, Business Development, Credit Processes, Credit Risk Management, Ensure Compliance, Financial Analysis, Portfolio Management, Problem Solving At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.