Chicago, IL, 60684, USA
13 days ago
Credit Monitoring & Control Specialist
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 (https://www.cibc.com/en/about-cibc.html) **POSITION RESPONSIBILITIES:** The Credit Monitoring & Control Specialist will support the Bank’s Credit Risk Management/ Risk Analytics Departments, to help analyze, identify, mitigate and control data integrity risk across numerous data elements. This position is a key role in the Bank’s Risk Management Department and reports to the Credit Monitoring & Control Team Lead. 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 + Provide ongoing support to promote portfolio transparency + Ensure Quarter End risk reporting processes are done efficiently and accurately; Determining proper note code, collateral code and federal call code for each transaction to ensure accurate reporting to internal and external audiences. + Conduct quarterly/monthly reviews of one or more key Credit Risk data elements. + Provide support to 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. + Ability 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 + Have the ability to work independently and within a team + Bachelor’s degree along with 7-10 years of experience of credit risk, compliance, or audit/ SOX experience in a banking/financial services environment. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $60K - $90K for the market based on experience, qualifications, and location of the position. 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 our employee’s 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 and 401(k), in addition to other special perks reserved for our team members. California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html) **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*, 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, 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. **Job Location** IL-120 S LaSalle St **Employment Type** Regular **Weekly Hours** 40 **Skills** Analytical Thinking, Business Requirements, Communication, Data Quality, Delivery Management, Prioritization, Quality Improvement, Risk Analytics, Risk Reporting, Test Planning 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.
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