CIBC Looking for Collateral Analyst at Toronto, ON 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

Job Description

What You’ll Be Doing

Collateral Analysts are required to work closely with a variety of internal departments and external clients to ensure the objectives of the business unit are achieved. The Collateral Analyst is responsible for routine client transactions and the position may require a significant level of interaction with management of various internal and external groups. The Collateral analyst also provides analysis and feedback to the Account Executive regarding perceived asset deterioration, discrepancies, etc.

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

Responsible for accurately processing and verifying weekly/monthly Borrowing Base information in a timely manner, with client contact as necessary

Reconcile all client provided data to confirm accuracy and eligibility of assets comprising the Borrowing Base and liaise with clients to discuss variances with reported information

Advise Account Executive of any perceived asset deterioration or reporting discrepancies

Process client advance requests and prepare advance authorization form for Account Executive approval

Perform verifications of client A/R according to the prescribed schedule

Quickly and accurately analyze financial information provided by customers and understand the dynamics that can have an impact on the collateral value of assets financed by CIBC Asset-Based Lending Inc.

Take responsibility for resolving customer concerns or issues quickly and effectively, using resourceful and constructive solutions to address

Liaise and interact with clients and other CIBC Business Partners as part of the daily management of the portfolio to ensure high levels of customer satisfactions are achieved

Act independently of the business to ensure ongoing compliance of the terms and conditions of the authorized credit and exercise delegated authority to make decisions as required

Ensure compliance to internal controls and procedures (e.g. update MIF regarding risk ratings, review dates and monitor Monthly RIL reporting) with full authority to escalate as appropriate to maintain integrity of CIBC’s position

Manage relationships with CIBC Business Partners on all credit-related activities to ensure accounts operate within terms and conditions of the authorized credit

Work with Manager and senior analysts to implement changes to credit resulting from amendments, renewals or as directed by recommendations of RM’s, field exams and appraisals.

Who You Are

You have a degree/diploma in Business or Commerce.

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 can demonstrate experience in Microsoft Suite and advanced Microsoft Excel. It is an asset if you have knowledge and understanding of Stucky, CEAS, MIF.

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’re driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.

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 health benefits program, defined benefit pension plan, an employee share purchase plan 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.

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 [email protected]

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.

Job Location

Toronto-CC West 4th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills