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)

What You’ll Be Doing

As a Private Banking Underwriting Manager , you will provide guidance, direction, training, and leadership to a team of Private Banking Underwriters primarily centralized in Chicago. You will manage the underwriting workflow by reviewing and triaging credit requests and working with Group Portfolio Managers to prioritize tasks in the underwriting queue. In addition, you will perform analysis and prepare loan presentations as needed, ensuring all credit requests are addressed with a sense of urgency. You’ll collaborate closely with Underwriters, Private Bankers, Market Managers, Regional Managers, and Group Portfolio Managers to deliver superior client service.

How You’ll Succeed

• Review and triage credit requests: Ensure all submissions to the PB Underwriting mailbox include the necessary information for processing.

• Efficient task assignment: Assign credit requests promptly based on team expertise and capacity while maintaining an accurate underwriting queue.

• Manage workflow effectively: Coordinate competing priorities within the team to meet business line requirements.

• Set clear priorities: Work with Group Portfolio Managers and the Private Banking Chief Operating Officer to establish weekly task priorities.

• Provide timely updates: Respond to inquiries from Private Bankers, Market Leads, and Regional Managers regarding credit request statuses.

• Deliver quality output: Personally produce and ensure the team produces high-quality Loan Presentations, Material Amendments, and other credit documents in a timely manner.

• Maintain data integrity: Ensure accuracy in underwriting, processing, and compliance logs/systems.

• Collaborate effectively: Work closely with Underwriters, Relationship Managers, Loan Coordinators, and senior management to foster seamless teamwork.

• Ensure timely reporting: Oversee that the underwriting team completes required reporting responsibilities (weekly, monthly, or quarterly) to meet deadlines.

• Enhance professional knowledge: Continuously expand market and industry knowledge through training, seminars, and special projects.

• Master credit policies: Develop a strong working knowledge of CIBC Bank USA Credit Policy and Risk Rating Frameworks.

• Manage costs: Conduct activities with a focus on cost/expense control management.

• Engage in community involvement: Participate in community initiatives and perform additional duties as assigned by leadership.

Who You Are

• Educational background : You have a College/Bachelor’s degree (preferred).

• Experienced professional: You have a minimum of 3–5 years of underwriting experience, preferably within a private banking environment.

• Client profile expertise: You understand the high-net-worth and ultra-high-net-worth client profiles and their typical product offerings.

• Credit structuring specialist: You can structure credit solutions for HNW and UHNW clients with complex balance sheets and cash flows.

• Analytically proficient: You are skilled at analyzing clients’ balance sheets, cash flows, risk tolerance, and financial objectives to propose customized, complex credit structures that align with the bank’s risk parameters.

• Regulatory knowledge: You have a solid understanding of federal and state regulatory requirements.

• Organized multitasker: You possess strong organizational skills, enabling you to manage multiple assignments and priorities effectively.

• Team player: You demonstrate excellent teamwork and partnering skills, effectively managing the expectations of various internal and external stakeholders.

• Analytical thinker: You have excellent analytical skills with a proven ability to quickly understand complex problems and recommend effective solutions.

• Financial analysis expert: You have strong knowledge of complex personal and business financial analysis, including tax returns, balance sheet, and cash flow analysis.

• Effective communicator: You possess excellent written and verbal communication and presentation skills.

• Tech proficient: You are an intermediate user of MS Word and MS Excel.

What Success Looks Like

• Efficient Workflow Management: A consistently maintained underwriting queue with timely, accurate task assignment.

• High-Quality Deliverables: Loan presentations, material amendments, and credit analyses produced within established deadlines.

• Strong Team Collaboration: Effective cooperation with internal stakeholders, leading to superior client service and robust risk management.

• Professional Growth: Continuous improvement in market knowledge and adherence to CIBC Bank USA Credit Policy and Risk Rating Frameworks.

• Cost Efficiency: Effective management of underwriting activities with a focus on controlling expenses and ensuring data integrity.

California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)

At CIBC, we offer a competitive total rewards package.  This role has an expected salary range of $100,000 - 130,000 for the Chicago, IL 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 also may 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. 

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

This position does not offer visa sponsorship.

#LI-TA

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, 2nd Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Credit Decisions, Decision Making, People Management, Real Estate Lending, Risk Assessments, Risk Management and Mitigation, Underwriting

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.