Private Banking Director jobs in New York

This position will contribute to the growth of the existing portfolio of 72 borrowers by working as a liaison to business opportunities with new and existing clients in alignment with the team's goals and strategic direction of the Bank. Position reports directly to the Group Head of LMG and has dotted line reporting to the Group Head of the Power & Utility vertical. The primary objective of this position is to drive material and visible improvement in CIBC's ability to execute deals and manage the existing portfolio. The team leader is expected to contribute to leading the internal execution and risk management process supported by Lending Management Group members. This position is responsible for leading underwriting and execution work directly with the Group Head of Power & Utility industry and client RMs. Primary responsibilities include, but are not limited to, lead and manage Power & Utility Lending Management Group (5 VPs, 3 Associates, 3 Analysts) which is in charge of transaction structuring, transaction execution, documentation negotiation, and ongoing credit monitoring and portfolio management. This person also will assist in providing leadership managementnecessary to ensure that CIBC has proper operational controls, administrative and reporting procedures, and people systems in place to efficiently grow the organization and to ensure financial strength and operating efficiency.

Manage a team of professional VPs, Associates, and Analysts to handle the work flow, and contribute to prograssive career paths of the team members.

Manage priorities across competing deadlines among transaction underwriting, credit monitoring, routine internal audits (including credit reviews), and ad hoc management requests.

Negotiation of transaction engagement and term sheet, in collaboration with relationship managers.

Manage ralationships across all stake holders - e.g. marketing and sales, products management teams, other areas interacting with corporate sectors such as securitization and project finance teams, credit department, credit review department, and operational support teams.

Manage transaction structuring / execution process through the direction of early-stage work with relationship managers on parameters for transaction pitches.

Oversight of the preparation of credit applications and customer on-boarding, in conjunction with the credit department, the risk management department and compliance.

Manage the negotiation and review of credit and other transaction documentation, in conjunction with internal legal and other back office functions.

Oversight and management of ongoing credit monitoring per internal policy.

Ensure the appropriate processing of transaction-related requests, such as amendments and waivers to existing credit documentation.

Ongoing portfolio reporting, portfolio management, and credit cost oversight.

Oversees relevant aspects of the control environment including issues management, audits/reviews, Annual Risk Assessment, testing of controls and customer remediation.

Ensures compliance in a complex regulatory environment through effective operational controls and incorporating updates to regulatory controls into day-to-day operational processes.

Expert working knowledge and skill in banking product documentation, including structuring, proposing and negotiating loan documentation. Demonstrated ability to navigate and explain complex agreements. Ability to solve / mitigate risk issues by investigating terms in credit agreements.

Superior understanding of loan / deal closing.

Superior analytical and critical thinking skills, with an ability to synthesize large amounts of information quickly and accurately assess complex information.

Expert user of MS Excel, Word and PowerPoint. Outstanding financial modeling/valuation skill.

Superior Finance and Accounting skills, including an ability to read and interpret financial statements.

Impeccable written and oral communication skills with an ability to communicate complex ideas and structures succinctly to senior management and the ability to drive agreement through intellect, interpersonal and negotiation skills. Displays an intense execution focus on achieving both short- and long-term goals. He/she should be able to drive and execute an agenda in a fast paced, entrepreneurial and dynamic environment.

Demonstrated ability to make and defend credit decisions under scrutiny from senior risk and front office management and internal auditors. Ability to make difficult decisions and bring a responsible approach to business even in risky or ambiguous situations.

Demonstrates a superior attention to detail while managing multiple time-sensitive deliverables. Strong ability to notice discrepancies in data.

Expert knowledge of the full suite of corporate banking products (FX, IRS, Trade, Securitization, Supply Chain Finance, DCM, Leasing, etc.)

Expert knowledge of all elements of credit risk management, including legal, compliance and US regulations pertaining to lending.

A minimum of 10 years of corproate banking expierince in a credit risk function. Must have experience leading a team and must have worked in a bank regulated by the FRB or OCC. Power & Utility industry lending experience (Regulated Utility borrowers, Independent Power Producing borrowers, borrowers with Merchant Risk profile, borrowers engaged in producing alternative sources of energy) a must.

Recommended years of experience: 10

Bachelor's degree or equivalent work experience preferred. Academic distinction and coursework in economics, financial accounting, and corporate finance preferred. CFA or MBA a plus.