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Form of work
SalaryWe’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
The Private Banker will be responsible for, but not limited to, the following activities:
- Relationship and Portfolio Management – Contribute to the group’s Private Banking business by building a portfolio of clients whose needs are primarily banking, credit and investment based. Ensure quality of account portfolio by performing risk assessment and in-depth financial analysis on all potential or existing clients on an ongoing basis. Resolve extremely complex credit issues for clients by working closely with Credit Specialists and Commercial Banking. Provide specialized services to key markets like professional services to partners of major law, accounting and medical business as well as providing private banking services to clients of Wood Gundy.
- Planning and Advice – Review client portfolios and financial needs from a holistic perspective and identify opportunities to broaden the client’s suite of products and services. Meet regularly with clients to conduct portfolio reviews and introduce new product and service solutions. Understand wealth generation by small to medium business enterprises and the complexity of monetizing their value.
- Business Development – acquire new clients who have sophisticated financial needs, are people of influence and/or who require complex global financial solutions. Search for and develop untapped opportunities to promote CIBC Private Wealth Management within the market. Represent CIBC on Boards, participate in charitable organizations and engage in appropriate social networks. Play an active role in large deal teams focusing on ultra clients, especially with introductions from Commercial Banking.
- Continuously update your knowledge and skills – Demonstrate a commitment to keep up-to-date with current events, overall economic and financial environment, trends, product developments, legislative changes, etc. and proactively communicate developments or changes to client as applicable to their financial situation. Be involved in the community through participation in business and industry associations, and aid in the development of a professional network comprised of the target client segment.
Who You Are
- You can demonstrate experience in concepts of personal financial planning and strong knowledge of all banking, investment and credit products and services. You have Financial services experience in private banking, wealth advisory, or brokerage.
- You put our clients first. You have relationship management skills sufficient to build strong relationships with customers, to identify partnership and consolidation opportunities. You have demonstrated success in ability to build and maintain new client relationships.
- You have an established profile in the local business community. You have knowledge of a diverse marketplace and needs of local clients. You enjoy an active role in community events, charitable organizations and industry associations.
- Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability
Knowledge and Skills:
- Bachelor’s Degree is preferred
- Minimum of 5 years of experience with 1-3 years of experience within financial services, ideally developing and managing lending and deposit relationships with high net worth and ultra-high net worth clients
- Demonstrated experience applying deep credit expertise , working knowledge of investment portfolios and trust solutions
- Ability to foster and maintain private banking relationships with high level of competency
- Demonstrated experience working in a team environment, introducing appropriate partners and suite of investment, trust and banking solutions to high net worth and ultra-high net worth individuals, families, and institutions
- Ability to apply credit expertise, and identify risk, within a specific banking industry or vertical
- Ability to complete necessary analysis and documentation to achieve credit actions related to Private Banker's existing portfolio (e.g.; structure, waivers, and modifications)
- Motivated with a desire to learn and grow professionally.
- Proficient Microsoft Office skills with a heavy emphasis on Excel, Adobe Acrobat, and PowerPoint
- Understanding of the high net worth and ultra-high net worth client profile and typical product offerings
- Knowledge of federal and state regulatory requirements
- Strong organizational skills, with the ability to manage multiple assignments and priorities is essential while delivering desired results
- Strong teamwork and partnering skills with ability to effectively manage the expectations of multiple internal/external constituents
- Excellent analytical skills; ability to quickly understand complex problems and recommend solutions
- Strong knowledge of complex personal and business financial analysis, tax returns and balance sheet analysis, including cash flow analysis
- Effective written and verbal communication/presentation skills
California residents — your privacy rights regarding your actual or prospective employment
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*, 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
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 contactMailbox.careers-carrieres@cibc.com
- 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.
Job Location
IL-120 S LaSalle St Employment Type
Regular Weekly Hours
40 Skills
Analytical Thinking, Enterprise Risk Management (ERM), Problem Solving, Reporting and Analysis, Risk Assessments, Risk Monitoring
