Senior Relationship Officer, Secured Recovery at CIBC in Toronto, ON

Senior Relationship Officer, Secured Recovery

Location: Toronto, ON

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

What You’ll Be Doing

As a member of RESL Secured Recovery, you will utilize third-party expertise to liquidate CIBC’s non-performing residential mortgage portfolio. The team manages the national foreclosure and power of sale process for all defaulted residential mortgages referred by CIBC’s Client Account Management collection team. As a Senior Relationship Officer, Secured Recovery you’ll be responsible for mitigating CIBC’s losses on Residential Mortgage defaults. You’ll be managing the end-to-end relationship with external business partners including lawyers, paralegals, law clerks, and property managers to ensure achievement of Recovery Operations’ business objectives. In this role you’ll also have the authority to recommend write offs, consult on projects, manage legal escalations, to be a witness in court to present facts, data, and information in an accurate way, and trusted to represent and protect CIBC’s interests.

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

• Relationship Building – Collaborate with internal and external business partners to effectively manage the assigned client portfolio. Set clear performance expectations, monitor progress and provide business partners with feedback and direction to optimize business results and promote efficiency and timely account resolution.
• Risk Management - Safeguard Client Account Management from potential reputational/legal risks and ensure that CIBC standards are upheld through third party relationships. An extensive and effective analysis, interpretation and comprehension of various reports and financial data, to influence Business Partners’ performance will enable you to achieve your performance objectives.
• Administration - Provide an accurate synopsis to the management team to assist in the identification of root causes and recommend changes to processes to avoid reoccurrence. Develop presentations that appeal to broad audiences from senior levels to general employee levels, both internally and externally.

Who You Are

• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
• You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.
• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends and excel in utilizing the Microsoft Office suite.
• You live your values. You bring high standards, genuine care to your relationships, and want to grow with an employer that shares your values and brings out your best.

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.

*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 contact Mailbox.careers-carrieres@cibc.com

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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.

• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-141 Bay, 17th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Business Reviews, COINS systems, Plexus systems, Vendor Management