Credit Monitoring & Control Specialist

POSITION RESPONSIBILITIES

• Review both traditional and complex credit approval documents (credit underwriting/ loan presentations) for the purpose of:
  • Ensuring proposed loans structures are in compliance with the Bank’s credit policy
  • Providing ongoing support to promote portfolio transparency
  • Determining proper note code, collateral code and federal call code for each transaction to ensure accurate reporting to internal and external audiences
  • Carry out quarterly/monthly reviews of one or more key Credit Risk data elements
  • Support other functions within the Credit Risk Management/ Risk Analytics Department
  • Solve a range of straightforward problems
  • Analyze possible solutions using standard procedures
  • Participate/lead in projects associated with the department

QUALIFICATIONS

• Knowledgeable in credit approval process, credit structure and ability to comprehend the Bank’s credit policy
• Familiarity with Federal Call Codes and other related loan codes and the awareness of how loan codes impact financial reporting
• Experience leading risk and control assessments, root cause analysis and scenario analysis
• Ability to partner effectively with peers, senior management and business partners
• Organizational and problem solving skills and attention to detail
• Investigative and questioning nature combined with sound business and technical skills
• Able to work under pressure and organize, manage and prioritize multiple deliverables
• Strong critical thinking abilities
• Proficiency in Microsoft Excel, Outlook and Word required, including analytical skills and spreadsheet experience
• Excellent oral and written communication skills, as well as the ability to present to senior management
• Bachelor’s degree along with 7-10 years of experience of credit risk, compliance, or audit/ SOX experience in a banking/financial services environment

PAY & BENEFITS

The expected salary range for this role is $70,000 - $85,000, subject to market and individual performance. 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 your 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
• 401(k)
• Additional special perks reserved for our team members

WORK ENVIRONMENT

This role is hybrid, with 3 days in office and 2 days remote.

WHAT CIBC OFFERS

At CIBC, we offer a competitive total rewards package, including a full range of benefits and programs to meet your needs. We also provide opportunities for growth and development, such as Purpose Day, a paid day off dedicated for personal growth and development.

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 provide accommodations as needed. We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office).