Director, Special Loans

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

What you'll be doing

As a Director, Special Loans, reporting to the Senior Director, Special Loans, you'll be based in Toronto and play a pivotal role in managing portfolio activities for high-risk Corporate Banking and Commercial Banking accounts. You'll work closely with business executives and senior accounting and legal professionals, frequently in the context of intense, fast-paced and complex restructuring situations. Your portfolio will include accounts from various regions, so occasional travel may be required. Leveraging your leadership skills and technical expertise, you'll oversee the administration and management of high risk Corporate and Commercial Banking accounts, including watch list, delinquent, and impaired loans. You'll exercise independent judgment to restore loans to performing status, recover assets, or negotiate settlements to mitigate losses.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote.

How you'll succeed

• Relationship Management – Within delegated authority, manage high-risk performing and impaired loans, as well as debts written off, in a prudent manner. Focus on mitigating risk and maximizing asset recovery, while upholding CIBC’s commitment to being a relationship-focused bank.

• Leadership – Provide leadership and mentorship within the Special Loans unit and across the organization. Foster and maintain partnerships within CIBC to promote early identification and referral of accounts.

• Portfolio Management – Act as a client relationship manager for high risk and impaired accounts in your portfolio. Promptly assume responsibility of newly assigned accounts, discussing matters with relevant line lending officers, risk managers and clients, as appropriate. Manage accounts in a prudent manner; i.e. mitigating risk and maximizing recovery while continuing to respect the Bank’s core values and commitment to its clients. Ensure risk ratings reflect the inherent risks at all times and that proper level of provision is taken for non-performing loans. Prepare Quarterly / Watch List Reports, Impairment Tests, risk rating documentation, and Impaired Loan Summary Reports Estimate and review annual loan loss experience for assigned accounts, updating estimates quarterly as needed. Recommend improvements to policies, procedures, and standards. Provide portfolio analysis and reporting to the Senior Director and/or Vice President regarding the performance of your high-risk portfolio.

• Business acumen – Having to deal with borrowers from a wide range of industries, you are curious and ensure a thorough understanding of your client’s business including, as appropriate, the soundness of business strategies, competitive landscape and position, quality of management, business risks, ownership and control, and financial risks. 

• Negotiation, evaluation and communication – Assist in the negotiation and disposition of assets acquired through loan realization proceedings, within delegated authority. Analyze and recommend new advances and negotiate terms and conditions  in the context of overall work-out and restructuring arrangements. Assist in the evaluation of proposals, developments and monitoring of budgets, and analysis of non-performing loans and loan loss estimates. Devise creative strategies and skillfully communicate with all parties (i.e. Bank adjudicators, debtors, guarantors, other lenders, asset purchasers, etc.)

• Detail oriented – Instruct counsel on the preparation of communication and documentation, including financing agreements, and negotiate such agreements with relevant parties (i.e. debtor, asset purchasers, etc.). Instruct Financial Advisors (FA) and external Legal Counsel on scope of mandate and ensure all areas of concern are covered before work is initiated. Monitor progress within work-out plans, taking steps as appropriate to amend arrangements and scope of FA and Legal Counsel mandates in accordance with changing circumstances.

Who you are

• You demonstrate expertise in credit products and practices, sufficient to analyze and assess customer requirements, relevant risk factors, and profitability or capital factors, and possess strong negotiation, presentation, and facilitation skills. Knowledge of insolvency practices in Canada/US is an asset.

• You have a degree in business or a related discipline, and/or a CPA, CFA, or similar professional designation, or equivalent work experience.

• You have strong oral and written communication and presentation skills. It's an asset if you are bilingual in English and French.

• You're passionate about people. You find meaning in relationships and build trust through respect and authenticity, connecting with a diverse network of partners.

• You give meaning to data. You enjoy investigating complex problems and making sense of information, confidently communicating detailed findings in an impactful way.

• 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

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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

Toronto-81 Bay, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Credit Proposals, Credit Risk Management, Decision Making, Ensure Compliance, Financial Analysis, Group Problem Solving, Leadership, Mortgage Lending