• Credit Monitoring and Control Specialist

    Job Location US-IL-Chicago
    Posted Date 2 months ago(2 months ago)
    ID
    2018-4554
  • Overview

    CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at cibc.com/US.

     

    CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders. 

     

    CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance – so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.

     

    Every year, CIBC is recognized for its business success, community commitment and employee initiatives.  We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.

     

    CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran

     

    Responsibilities

    Review both traditional and complex credit approval documents (loan presentations and loan amendments) for the purpose of:

    Ensuring proposed loans structures are in compliance with the Bank’s credit policy; 

    Validating proposed loans have been properly approved;

    Develop analysis and reporting capabilities related to the Commercial Credit process.

     

    • Assist internal clients (lending personnel) in the submission of loan presentations to be reviewed.
    • Communicate specific corrective actions to internal clients when credit policy exceptions occur.
    • Provide support to other functions within the Credit Risk Management Department.
    • Solve a range of straightforward problems.
    • Analyze possible solutions using standard procedures.
    • Participate/lead in projects associated with the department.
    • Design and development of spreadsheet models to analyze root causes of coding misconceptions.
    • Filter and "clean" data by reviewing reports, printouts, decision trees and performance indicators to locate and correct data errors.

    Qualifications

    • Knowledgeable in credit approval process, credit structure and ability to comprehend the Bank’s credit policy
    • Strong analytical skills with the ability to collect, organize, analyze, and distribute significant amounts of information with attention to detail and accuracy.
    • Strong critical thinking abilities
    • Excellent analytical thinking and problem solving ability
    • Proficiency in Microsoft Excel, Outlook and Word required, including analytical skills and spreadsheet experience
    • Possess strong communication and interpersonal skills
    • Have the ability to work independently and within a team
    • Minimum Required Experience: 1 to 5 years of experience in a commercial credit, loan operations or commercial closing environment.

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