CIBC

Sr. Manager, Business Banking

CIBC$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of leadership experience in Business Banking or Commercial Banking
  • Expertise in credit structuring and cash management
  • Proven track record in business development and relationship management
  • Established profile in the local business community
  • Bachelor's degree in Business, Finance, Accounting, or related field
  • Strong understanding of risk and credit portfolio management
  • Commitment to CIBC's values of trust, teamwork, and accountability

Responsibilities

  • Lead and develop a team of Relationship Managers and Advisors to drive growth and client satisfaction
  • Proactively develop new business opportunities in the community
  • Ensure effective credit management and compliance with CIBC standards
  • Monitor and manage client relationships, aligning them with their objectives
  • Promote collaboration across banking centers and internal partners
  • Participate in community events to enhance CIBC's visibility and reputation
  • Facilitate a culture of relationship management through hands-on coaching

Benefits

  • Career development opportunities tailored to your strengths
  • Personalized recognition programs including a competitive salary and incentive pay
  • Defined benefit pension plan and employee share purchase plan
  • Flexible work arrangements enabling a healthy work-life balance
  • Wellbeing support and vacation offerings to enhance employee experience
Full Job Description
What You'll Be Doing

As the Senior Manager & Team Lead, Business Banking you'll responsible for building, developing and leading a team of Relationship Managers, Business Advisors and/or Associate Business Advisors to meet the business needs of our high complexity business clients and drive growth by providing advice/services on a broad range of business products. Along with your team, you'll be accountable for growing the portfolio of business banking clients by proactively developing new business, credit and cash management opportunities in the community, including end to end credit management, to meet/exceed the portfolio financial plan. You'll utilize your understanding of what is important to our business clients and ensure we provide advice and the appropriate products and solutions to meet our clients goals. You'll build a capable and motivated team through proactive talent management, create a positive work environment, ensure effective operations, processes, controls and compliance, and promote CIBC to build a strong reputation in the market resulting in superior client experiences and growth that exceeds our peers.

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
  • Leadership - Provide active leadership and hands-on coaching to a team of Relationship Managers, Business Advisors and/or Associate Business Advisors in executing and managing client relationships, including the delivery of credit and cash management services. Create an environment which fosters an exceptional relationship culture, supports partnering behaviour, and capitalizes on individuals' expertise and knowledge of Business Banking services to provide "best in class" service and overall relationship management to our clients. Build team and individual capabilities to ensure employees are capable of performing to job requirement standards including but not limited to credit skills.
  • Relationship Management - Develop new client relationships through business development activities leveraging referral sources, existing clients and centres of influence. Actively monitor and manage these relationships by fully understanding our client's goals, objectives and status of client's business. Lead business development activities and represent CIBC in the community directly to ensure relationships are developed, solidified and fostered. Attend and participate in trade shows, seminars, luncheons, community events.
  • Collaboration - Support a culture of collaboration across the community of banking centres and with internal partners so that we bring the best of CIBC to clients to support their financial goals. Commit to building a profile in the local business community in order to leverage that profile into effective working relationships with new and existing clients and internal partners.
  • Credit risk management - Ensure appropriate due diligence and management of credit quality and risk within existing segment thresholds and provide early detection of deteriorating files. Manage all dealings internally and with clients in a manner consistent with the standards prescribed by CIBC policies and procedures. Act as a point of escalation to resolve any client and credit issues with internal partners, as appropriate.


Who You Are
  • You are a bold and authentic leader. You're passionate about developing and coaching to bring out the best in people with experience in leading diverse, high performing teams
  • You demonstrate experience in Business Banking or Commercial Banking in credit structuring, cash management, proven business development skills with a track record of success, advanced knowledge of risk and credit portfolio management.
  • You put our clients first. You have well-developed client and relationship management skills. You engage with purpose to find the right solutions.
  • You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.
  • You have an established profile in the local business community. You have a knowledge of a diversity marketplace and the needs of local businesses.
  • You have completed an undergraduate degree/diploma in Business, Finance, Accounting, or a related field.
  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability


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*, defined benefit pension plan*, an employee share purchase plan, 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

Job Location
Toronto-Yonge and Sheppard

Employment Type
Regular

Weekly Hours
37.5

Skills
Budgeting, Business, Business Banking, Business Development, Cash Management, Client Relations, Client Service, Coaching, Data Analysis, Financial Advising, Group Problem Solving, Leadership, Lending, Management Planning, People Management, Strategic Objectives

About CIBC

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city's Financial District. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.
Learn more about CIBC
Market Cap
$43.5 billion
Industry
Founded
1867
5 Year Trend
+8.8%

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