Commercial Banking Associate

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

POSITION RESPONSIBILITIES:

This individual will play a key role in the preparation of credit requests and provide support to the relationship managers. Essential duties include:

• Underwrite credit transactions for all lines of business
• Analyze financial information and statements
• Analyze and identify risks associated with various commercial loans - Preparation of credit requests
• Assist with other risk management and product initiatives

The Commercial Banking Training Program, based in Chicago, Illinois, is a key component to the development of our team of commercial bank relationship managers. Growing and developing top talent is one of our corporate values. It is the launching pad for a career in providing high-quality commercial banking services to middle market companies. The Program:

• 8-24 month training program including classroom learning and practical application
• Taught by professionals from our organization as well as select industry and topic experts
• Classroom phase: accounting, finance, credit analysis, business writing, financial modeling, relevant computer skills
• Practical experience: 90-day rotations with lending groups across the bank such as general commercial, commercial real estate, health care, construction and engineering, security alarm, private banking, and for-profit education.
• The program is designed to provide you with the skills you will need throughout your professional career, including sales, learning how to build your professional brand, and negotiation training. At the same time, you will gain real-world experience working alongside seasoned commercial middle market bankers. You will gain in-depth product knowledge in the areas of financing, treasury management, private banking, foreign exchange and derivatives. Upon completion of the training program, individuals are anticipated to be placed on a banking team subject to business needs, performance and individual interests.
• Individuals in the program are full-time employees and eligible for company benefits. During their first 18-24 months of employment, we will dedicate our time to training.

QUALIFICATIONS:

• College degree required, preferably with minimum of two classes of accounting
• Minimum GPA of 3.0 preferred
• Detail-oriented
• Ability to work individually and within teams
• Critical thinking, writing and analytical skills combined with strong interpersonal skills
• Work ethic, commitment to clients, employees and the communities we serve
• Proficiency in MS Excel and Word required. Analytical skills and spreadsheet experience with a spreading software program like Moody's is a plus
• The anticipated start date for the Commercial Banking Training Program is early July 2022.

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

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

• CIBC is committed to doing our part to protect our team, our clients and our communities. We want to ensure we have a safe and healthy workplace, and we want to do our part to get through this pandemic. In keeping with this commitment, and as a condition of employment, CIBC requires all successful candidates to be fully vaccinated against COVID-19 as of their start date, or provide written proof of a medical exemption, or other substantiated accommodation request under applicable human rights legislation.

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