CIBC Looking for Administator | Credit control | CIBC Operations | Back Office | Hybrid | Downtown Montreal | Bilingual at Montreal, Quebec, Canada Full Time

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 Credit Control Specialist is accountable for performing a range of complex credit management functions for a variety of credit accounts applying experience and knowledge of basic accounting principles. Work with high-level general routines and detailed work procedures but required to apply considerable judgment and discretion when determining appropriate course of action. Responsible for the fulfillment, servicing and management of authorized credit process including ensuring loan documentation is completely and accurately maintained in accordance with credit facilities. Ensure productivity standards are achieved and Service Level Agreements are met or exceeded.

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.

How You’ll Succeed

• Verify all draft credit agreements against the approved credit to ensure accuracy prior to delivery to the client. Ensure executed Credit Agreement is prepared against the approved credit and in accordance with the clients Articles of Incorporation and Signing Authorities. Prepare all required negotiable and non-negotiable security documentation in accordance with Client’s Articles of Incorporation
• Review all solicitor prepared negotiable and non-negotiable security including the Solicitors Letter of Opinion to ensure security is indicated as required within the approved credit and Credit Agreement. Verify all negotiable and non-negotiable security documents are returned and executed in accordance with client Signing authorities. Verify and validate negotiable and non-negotiable security documentation to credit agreement provided by the Credit Specialist to ensure data integrity. Ensure quality checks have been completed if applicable; ensure all credit adjudication approval conditions on the terms of the loan/negotiable and non-negotiable security requirements are complied with prior to advancing funds
• Prepare required debits/credit and program approved loans ensuring the terms and conditions outlined in the credit agreement are adhered to. Renew loans ensuring that terms and conditions outlined in the credit agreement are adhered to. Input negotiable and non negotiable registration particulars accurately in the appropriate systems to comply with policies and procedures.
• Receive instruction from Credit Specialist and take required action relating to negotiable and non negotiable security documents/registrations. This includes preparation of documents for scanning, registration, conducting and analyzing property searches. Analyze issues/problems to identify root causes and decide upon the most appropriate solution available from a variety of options to resolve discrepancies, taking into consideration the situational factors and existing procedures and policies to ensure client satisfaction.
• Report and maintain records of all credit irregularities within the NCR or Un-reportable Irregularity Log and escalate non-compliance issues to CS and the next level of management to advise of potential risk. Amend incorrect negotiable and non negotiable documentation and/or registrations within control of RLO. Maintain integrity of all security files in accordance with documented standards. Prioritize and organize workload to ensure deadlines are met and items are processed according to policies and procedures
• Assist in training new incumbents and/or temporary staff on procedures and guidelines to ensure transfer of knowledge and consistency in process. Cross train in other positions to assist/provide support to other team members/area(s) of equal value in peak times or on a temporary basis to meet or exceed Service Level Agreements
• Update and maintain productivity tracking tools. Identify and recommend changes to existing processes and procedures to improve client satisfaction, recording all exceptions that do not fit within the existing process. Maintain open lines of communication with assigned Credit Specialist
• Regular contact with internal CIBC employees, teams and departments (e.g. Risk Management, Credit Specialists) at peer and management level to provide and receive information and escalate issues as required. Regular contact with external Solicitors and Canadian Securities Registration System (CSRS) to obtain and clarify information related to loans

Who You Are

• You can demonstrate knowledge and experience in Credit Analysis and Credit Risk. Knowledge of loan/security documentation, compliance, audit and control requirements and procedures and the ability to ensure adherence to procedures and guidelines is required. Knowledge of internal CIBC systems and applications (e.g. COINS/COLT, LAS, Content Manager, ICAP/e-diary). Compliance with all CIBC regulatory training and ensure these programs and policies are applied consistently across the business. The incumbent is personally responsible for compliance with all such regulatory and governance programs. Operational Functions: Knowledge of major functional processes and associated operating requirements. Uses knowledge of organization’s functions to achieve goals, meet commitments. Credit Analysis and Verification: Knowledge of tools, techniques and practices for determining the credit-worthiness of an applicant. Applies relevant internal and external procedures and regulations.
• You look beyond the moment. Risk Management: Knowledge of process, tools and techniques for assessing and controlling an organization’s exposure to risks of various kinds. Identifies common technology, security, or financial risks relevant to own function or unit. Decision Making and Critical Thinking: Ability to analyze situations fully and accurately, and reach productive decisions. Recognizes, clarifies, and prioritizes concerns.
• You know that details matter. Ability to process information with high levels of accuracy. Accurately gauges the impact and cost of errors, omissions, and oversights.Web-based Facilities and Tools: Knowledge of and ability to use, manage or exploit web-based (Internet, intranet, extranet, etc.) resources, opportunities and challenges. Utilizes various web browsers and search tools.
• You engage with your heart and mind. Interpersonal Relationships: Ability to work with a variety of individuals and groups in a constructive and collaborative manner. Establishes and maintains productive working relationships within and outside of own area. Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems. Helps to analyze alter risks and benefits of alternative approaches and obtain decision on resolution. Relationship Management: Ability to establish and build healthy working relations and partnerships with clients, vendors, and peers. Ensures prompt and effective response to client requests and interactions.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
• You’re fluent in French and English to serve our clients in the community.

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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.
• Subject to 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 [email protected]
• 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

Expected End Date

2023-10-27

Job Location

Montreal-1155 Rene Levesque

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Business Operations, Customer Service, Operations Management, Prioritization, Quality Assurance (QA), Regulatory Compliance, Technical Knowledge