Director, Portfolio Oversight & Administration Private, Personal & Digital Banking

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Strategic business unit description:

CIBC US Region focuses on deepening client relationships by delivering a full range of financial products and services to clients in the US.  The group provides business strategy and integrated financial services to clients. Being in line with CIBC’s core purpose: to help make our client’s ambitions a reality, the CIBC US offer focuses on integrated relationship management, where Commercial, Wealth and Capital Market teams work together to deliver customized financial solutions. In addition, CIBC US also offers a full suite of solutions to clients in the Private, Personal and Digital Banking space.

Our Strategic Priorities

• Add new strategic relationships
• Build and deepen client relationships
• Increase referral activity across all lines of business
• Lead, Adhere and Exceed all risk awareness and standards

SCOPE AND RESPONSIBILITIES:

The Director's primary purpose is to ensure activities related to all first line of defense (1A) processes, procedures and policies are addressed consistently across Private, Personal & Digital Banking in accordance with CIBC’s regulatory framework and risk culture.  This position is responsible for the credit oversight (performance, underwriting, policies, reporting, etc.) along with the development, management & delivery of key client strategies from residential lending, marketable secured lending and partner programs (private equity to innovation banking), to ensure they meet and follow the strategic risk framework of CIBC.   This role is predominately internal facing but is the accountable leader whose team provides consulting support to client facing employees through the close collaboration with the lines Head of Portfolio Administration along with the  Group Portfolio Managers and their teams.  Additionally, this role will provide leadership on a variety of transformational risk initiatives and changes across the business and coordinate these activities within the broader risk and business teams.

Specific Responsibilities:

The Director, Portfolio Oversight & Administration will be responsible for, but not limited to, the following (1) Credit Oversight & Administration, (2) Policies, Procedures & Reporting on Portfolio Performance and (3) Develop and lead the delivery of client solutions around residential lending, marketable secured lending & partner programs from private equity to innovation banking.

People/Team Management

• Key direct reports – (1) Head of Portfolio Administration, (2) Head of Diversified Client Oversight & Delivery, (3) Head of Policies, Procedures and reporting/analytics.(All roles will be accountable to CAO office on a dotted line basis)
• Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals
• Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training
• Manage performance by providing fair and accurate formal and informal feedback, identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities
• Create a positive work environment and being an effective role model by championing CIBC’s mission, vision and values
• Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect
• Hire the right people in the right jobs to align individual capabilities with job requirements and business unit goals

Underwriting/Credit Approval

• Review / advise on transactions presented to pre-screen by respective LOB(s).  Responsible for raising and addressing issues with transactions in conflict with the bank’s risk framework, tolerances and limits
• Exercise non-credit approval authority up to approved limits
• Exercise Level II (non-LPO) credit approval authority up to approved limits
• May hold additional credit approval authority for amendments and waivers (to be defined with Credit Risk Management)
• Stay current on industry/market conditions, ensuring policies, procedu