Associate, Underwriting, Innovation Banking - London, United Kingdom - CIBC

CIBC
CIBC
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description
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


Job Description:

What You'll Be Doing

How You'll Succeed

  • Credit Management
  • Assist the relationship manager to prepare strong financing proposals (structuring terms and conditions including security, covenants and pricing) that properly reflect and compensate CIBC for assessed risk. Prepare draft recommendations on credit submissions and investment proposals to present to senior management and take point on answering any questions or addressing comments. Lead comprehensive due diligence on all transactions, including negotiating credit legal documentation and preparing credit memoranda and other credit correspondence in a well thought out, thorough and efficient manner. Work with the Business Development team throughout the underwriting process for new transactions, complete credit correspondence, review documentation, set up reporting, etc.


  • Portfolio Management

  • Manage a portfolio of loan accounts while ensuring reporting requirements are met, financial covenant tests are completed, and comprehensive credit reviews are prepared and submitted to the risk group. Approve loan advances based on appropriate review and compliance of documents submitted by borrowers.


  • Management Reporting

  • Provide management with information on accounts, proactively report on problems or issues, complete reviews and present analysis on borrowers' financial condition.
Who You Are

  • 3+ years of lending experience in a corporate/commercial bank
  • Ideally from a levfin/structured finance background in the UK/European midmarket
  • Experience of transaction management within a bank/fund lending environment
  • BSc/BA Degree in Science, Finance, Statistics, Math or Economics; MBA a plus, CFA a plus.
  • The ability to conduct credit analysis to underwrite a business credit lines.
  • Understanding the venture capital / start up ecosystem is a plus.
  • Must be able to work independently and quickly gain a thorough knowledge of CIBC's banking operations.
  • Must be able to collaborate with all related business partners internally and externally.
  • Prefer deep experience from a large financial institution that has credit product offering to small business.
  • Demonstrated expertise in commercial credit underwriting is required as is the ability to be consultative and influential on risk related decisions that could impact the long term health of the organization.
  • Knowledge of SAS, SQL or other data management computer language is a plus but not required.
Links

  • CIBC Innovation Banking Site:
  • Portfolio:
  • Recruitment Video:
What you need to know

  • 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
Job Location

150 Cheapside, London, UK

Employment Type

Regular

Weekly Hours

35


Skills:

Analytical Thinking, Business Credit, Business Development, Credit Processes, Credit Risk Management, Ensure Compliance, Financial Analysis, Portfolio Management, Problem Solving
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