Sr. Credit Risk Analyst

3 weeks ago


Toronto ON, Canada Canadian Imperial Bank of Commerce Full time

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

The Senior Credit Risk Analyst is responsible for providing efficient operational support while maintaining compliance with internal controls and procedures within the functional area. The role applies comprehensive technical and system knowledge to act as a point of escalation and provide timely resolution to complex issues. The Sr Specialist exercises independent judgement in determining feasible solutions for clients, handling situations that require further analysis and investigation. The role leads the implementation of process improvement initiatives, seeking opportunities to streamline existing processes and procedures. Working with limited direction, the role provides training and coaching to others in the department to increase overall knowledge, expertise and productivity.

What You’ll Be Doing

Credit Processing Services provides compliance and credit fulfillment support to Commercial Banking. As the Senior Credit Risk Analyst, you will be accountable for providing specialized service for credit-related products to an industry specific portfolio within Commercial Banking. You will be responsible for the administration and monitoring of credit facilities and maintain responsibility for the input, monitoring and escalation of risk elements on all credit portfolios with minimal supervision.

At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

  • Product Knowledge - knowledge of commercial lending products.
  • Systems knowledge - acquired through training (examples: ACBS, MIF, MODIF, ECIF)
  • Deal types - dealing with syndicated credit facilities and bi-lateral facilities
  • Service Delivery Reliability - Liaise and interact with Clients and Business Partners. Respond to inquiries and requests providing professional high quality of customer service for the assigned portfolio. Monitor ongoing risks associated with accounts through systems and reports for all credit facilities to process transactions and ensure accuracy of data.
  • Compliance and Production Support - Review complex loan documentation and have an understanding of financial ratios to ensure compliance with authorized credit and ensure conditions precedent are met prior to closing and escalate errors/omissions for correction pre-and-post closing. Ensure adherence to the credit authority (Risk management). Follow commercial escalation procedure when a breach or non-compliance within 48 hours.
  • Relationship Management - Manage relationships with CIBC Business Partners on all credit-related activities to ensure accounts operate within terms and conditions of the authorized credit. Act as a consultant to the business for deal structure and presentation to ensure customer satisfaction. Manage the credit fulfillment function by providing specialized operational and administrative expertise.

Who You Are

  • You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
  • You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
  • You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
  • You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
  • University degree/ College diploma in Business, Accounting or Finance or equivalent practical experience.
  • Values matter to you . You bring your real self to work and you live our values - trust, teamwork, and accountability.

What CIBC Offers

At 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*, defined benefit pension plan*, an employee share purchase plan, 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 conditions

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 .

We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, 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.

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