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
CIBC Innovation Banking is a full-service business that delivers strategic advice and funding to North American technology and innovation clients at each stage of their business cycle, from start up to IPO and beyond. With 15 offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, San Francisco, Seattle, Toronto, and Vancouver, the Innovation Banking team builds long-term relationships with management teams and financial sponsors across the US and Canada by investing time to get to know each business. They leverage CIBC’s experience to structure credit and banking solutions to meet the unique needs of technology companies at all stages of development, as well as investing in Canadian and US-based venture capital and growth equity funds.
What You’ll Be Doing
CIBC’s Innovation Banking Associate Development Program will prepare you for your duties as an Associate through a combination of both classroom & on the job training. The program is based in Chicago, IL encompassing 24 months which involves a mix of in-class training fundamentals of credit analysis/evaluation through both school-style instruction intermixed with case study-based exercises and on the job training.
You will begin working directly with the Innovation Banking Credit Solutions team based in Chicago, IL. During this next stage of the program, you will be learning the foundational skills needed to understand the unique business models of Innovation Banking clients by working alongside full-fledged Associates, Senior Associates, Relationship Managers, & Directors.
As an Associate in development, you will be involved in all aspects of working with Deal Teams across our 12 US offices including underwriting, reporting on client accounts. regular monitoring of portfolio loan accounts to ensure compliance with all agreed terms, analyzing due diligence results to validate lending eligibility, preparing screening memos, credit applications and other credit correspondence, analyzing borrowers’ financial condition and account status, and involvement with the negotiation of legal documentation/negotiations. This apprentice-like approach will develop the skills necessary for you to take on additional responsibilities & hone interests in the Deal Teams/offices you might join once the program has been completed.
After approximately two years in Chicago honing your credit skills, you will be eligible to join one of our Innovation Banking teams in a regional business development office (e.g., San Francisco, CA or Menlo Park, CA) as an Associate. Such placement will be dependent on your performance and the business needs of our team.
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
Who You Are
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $90,000 - $110,000 for the New York, NY/ Chicago, IL 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 also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
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.
What You Need To Know
Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Banking, Business, Business Banking, Business Development, Client Relationship Management, Credit, Customer Experience (CX), Financial Statements, Innovation, Lending, Portfolio Reviews, Researching, Underwriting
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