Associate Private Banker

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

Job Overview

Job Description

The Associate Private Banker’s primary purpose is to support the Private Banking Regional Manager and local Private Banking team, by managing and servicing existing high-net-worth bank relationships resulting in efficient delivery of credit and other bank services. This includes active portfolio management providing both banking and lending solutions to clients, plus daily servicing and timely resolution of client and banker requests.

The Associate Private Banker will support the local team and their high-net-worth clients with strategic and daily relationship needs related to Private Banking. This person will deliver superior customer service, working closely with additional teams including Regional Manager, Market Manager, Senior Private Banker, and Credit to execute client requests in detailed yet efficient and effective manner. The Associate Private Banker collaborates with the Wealth & Commercial teams to expand & deepen relationships of the Bank through a team approach to meet the relationship needs of clients.

Responsibilities

The Associate Private Banker will be responsible for, but not limited to, the following activities:

• Assist the local Private Banking team in maintaining and developing client relationships by supporting credit and non-credit services through daily interactions with clients and internal business partners. Seek to become trusted advisor through regular client contact and relationship building.
• Serve as an internal resource to local Private Banking team as it relates to client lending, credit and deposit requests, reports and servicing. Responsible for ensuring all client actions are properly routed through the internal teams and completed as described.
• Respond to client inquiries and as appropriate, route requests to the proper department while keeping client and local Private Banking team up to date or assisting in additional requested items to complete task.
• Support business development efforts including active participation in pre-screen & relationship strategy meetings.
• Coordinate client meetings. Prepare preliminary client correspondence and customized professional client presentation materials.
• May assist with financial planning analysis such as spreadsheet preparation.
• Serve as resource for the local team in preparation for credit portfolio review meetings, pre-screen or internal audit.
• Seek to actively keep informed of changes to policy and procedure that will impact deposit and credit portfolio.
• Monitor deals through the underwriting and closing process. Ensure documentation related to transactions is properly completed.
• Maintain active in industry events to maintain current market knowledge and client relationships.
• Promote an environment that supports diversity and reflects the CIBC brand.
• Complete other related duties as assigned.

Qualifications

• Bachelor’s degree and a minimum of 1 years’ experience in a private banking or wealth management customer service role, OR in lieu of a degree, A combined minimum of 5 years’ higher education and/or work experience, including a minimum of 1 years’ experience in a private banking or wealth management customer service role.
• Strong customer service, interpersonal, verbal and written communication skills. Strong organizational skills and attention to detail.
• Ability to obtain and maintain state-specific Notary License.
• Able to research deposit, credit and wealth management issues and utilize operations resources to resolve customer issues while keeping client and local Private Banking team informed during process.
• Ability to foster and maintain internal and client relationships with high level of competency.
• Demonstrated experience working in a professional team environment, introducing the appropriate partners and suite of investment, trust and banking solutions to high net worth individuals, families and institutions.
• Formal credit training a plus. If no credit training completed, will be provided and recommended to complete training specific to private banking over the next 12-24 months (e.g. RMA courses)
• Bachelor’s Degree in Business, Finance, Accounting, Real Estate or Economics preferred.
• Proficient in Microsoft Office products with advanced knowledge financial analysis and modeling.
  

Risk & Compliance

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.

This Includes

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture.

• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
• Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
• Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
• Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
• Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

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
• CIBC is committed to doing our part to protect our team, our clients and our communities. We want to ensure we have a safe and healthy workplace, and we want to do our part to get through this pandemic. In keeping with this commitment, and as a condition of employment, CIBC requires all successful candidates to be fully vaccinated against COVID-19 as of their start date, or provide written proof of a medical exemption, or other substantiated accommodation request under applicable human rights legislation.

Job Location

WI-743 N. Water St

Employment Type

Regular

Weekly Hours

40