Agency Associate - Toronto, Canada - CIBC

CIBC

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

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 visitWhat you'll be doing

As the Agency Associate you will be accountable for providing specialized agency services as an independent intermediary between borrowers and lenders participating in syndicated credit facilities arranged by Wholesale or Retail Markets. This role applies solid knowledge of lending products and accepted syndication and loan administration practices in the following regions; Canadian Commercial Banking, Canadian Large Corporate, US Large Corporate or European Large Corporate. You will manage all aspects of administration and monitoring of established credit facilities which includes the input, verification and escalation of any risk elements associated with the portfolio. As a member of the Credit Processing Team, this role participates in process improvement and quality initiatives in order to enhance the quality of client service and increase operational efficiency.
How you'll succeed

Relationship Management

Liaise with borrowers (executive and operational levels), lenders, external and internal legal counsel, and other business units within the Bank on all activities related to the syndication and ongoing administration of the assigned accounts to ensure that the borrower and lenders operate within terms and conditions of the loan agreements and related legal documents, including transfers among lenders. Provide guidance
Act as an industry expert in local market funding and operational standards for all loan products and services with the responsibility of offering recommendations and solutions to complex funding issues. Ensure accuracy
Manage the flow of funds to mitigate risk to the Bank as agent. Negotiate
Collect revenues on behalf of the Agent and syndicate and distribute them accordingly. On an annual basis, review and recommend/negotiate Agency Fee. Update business processes
Act as an agent for continuous improvement and identify opportunities to improve or enhance processes, procedures and service for clients Ensure compliance
For both internal controls and procedures Maintain correct data
Establish and maintain current expert knowledge of the credit agreement to accurately and effectively administer the contractual arrangements while mitigating execution risks inherent in the duties of the Administration Agent. Manage flow of information and maintain strict confidentiality to ensure that all lenders are treated equally.
Who you are
You have solid knowledge of various Lending and Deposit Products and Services You possess a University degree / College diploma in Business, Accounting or Finance with 35 years of relevant working experience. You bring solid knowledge of various Lending and Deposit Products and Services You have strong knowledge of Commercial Credit industry and/or General Banking; You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. You have a degree in Business, Accounting or Finance with 35 years of relevant working experience. Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise. You're goal oriented. You're motivated by accomplishing your goals and delivering your best to make a difference. You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making. 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.