Sr. Operations Collateral 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

What You'll Be Doing:

The Senior Operations Collateral Specialist is responsible for monitoring and servicing a portfolio of clients while ensuring the successful delivery of a high standard of service while upholding compliance to internal controls and procedures within their functional responsibilities as assigned by the team.

Key Responsibilities:

• Provide monitoring and administration of the Asset Based Lending (“ABL”) portfolio and provide superior service to the clients.

• Monitor and input borrowing base certificates into the ABL collateral monitoring system.  Validate and reconcile the borrowing base certificates to the supporting documentation provided by clients (A/R aging’s, sales journals, credit memo journals, inventory reports) and to the ABL collateral monitoring system.

• Identify collateral trends, discrepancies, collateral risks and escalate these findings to the ABL Operations Manager and Relationship Manager to help resolve issues promptly.

• Track borrowing availability, ensure the accuracy of borrowing base certificate and the ABL collateral monitoring system calculations including but not limited to ineligibles, advance rates, credit line limits, loan payments and loan advances.

• Provide superior service to clients to assist with reporting questions and/or issues and past due reporting.  Process loan advance requests, loan payments, and interest rate contracts after necessary approvals have been obtained.

• Follow established policies and procedures to maintain accurate records of loan advances, borrowing bases and supporting documentation, and approvals.

• Ensure that privacy and security of information policies are being met, and identifies and makes recommendations to improve the team’s productivity, processes, tools and services.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Who You Are:

• Minimum 5+ years’  Banking/Financial experience.

• Demonstrate strong analytical skills with a focus on accuracy and details

• Strong knowledge/experience with borrower base certificates, secured loans, A/R aging’s, sales journals, credit memo journals, cash receipt journals, and inventory reports

• Strong problem solving and decision-making ability

• Strong influencing skills sufficient to resolve issues

• Working knowledge of operational and credit risk policies and procedures

• Strong organizational and administration skills required

• Strong people management and relationship building skills

• Strong team-player

• General knowledge of the financial industry

• Strong PC skills (Power point, Excel, Word, Outlook, Access) with the ability to learn new systems

• Knowledge of proprietary systems

• Experience with ABL Collateral Monitoring System

• Working knowledge of CIBC operations sufficient to apply and adapt standard practices and policies

• Well-developed presentation/interactive skills sufficient to present both factual and conceptual information/ideas

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $70,000 - $85,000 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. CIB