Credit Manager

Purpose of Role
 
As a key member of the relationship team, the Credit Manager provides direct support to the relationship team by working within their assigned portfolio and is responsible for the delivery of the credit solutions to both existing and new clients. The incumbent understands the Bank’s clients’ operations to identify opportunities to provide appropriate financial solutions.  The Manager is a portfolio manager and credit specialist and supports the Senior Manager, Credit,  managing an assigned portfolio of clients and acting as the conduit to CRMD for the sanctioning purposes. Develops and maintains a working knowledge of clients’ companies, industry and regulatory issues impacting economic / political trends and clients’ requirements in order to develop appropriate credit solutions. The incumbent has accountability for the effective delivery of governance, risk management, controls and compliance within their area of responsibility. The Manager ensures that the Bank’s client experience is delivered to clients through the Bank’s service partners by the coordination of the support team and champions client resolutions leveraging appropriate partners to resolve client concerns.
 
Key Accountabilities

  • Primary responsibility for a portfolio of assigned clients.
  • Completes analysis of client requests, preparation and submission of credit applications containing complete and detailed assessments of business, credit and financial analysis to support requests for new and / or increased credit facilities.
  • Effectively manages, monitors and controls the entire (end to end) credit process for new loans, including application / processing / underwriting / approval / closing), and post-closing documentation reviews for assigned portfolio as well as conducting reviews of the facilities as required.
  • Effectively manages and monitors portfolio quality by ensuring that credit monitoring tools are effectively utilised in a timely manner, e.g. timely actioning of IBM on Demand control reports, timely preparation and submission of credit reviews.
  • Works in partnership with the Corporate Managers and Investment Banking as required on new and existing credit applications, providing guidance on risks, issues and mitigants, pricing that achieves appropriate risk / reward targets and on overall credit appetite for client.
  • Takes an active role in the delivery of risk management and compliance within the Bank’s Internal Control and Assurance Framework including adherence to the Bank’s AML and KYC standards.
  • Attends clients’ meetings with Corporate Managers to support credit solutions and annual reviews.
  • Meets weekly with Corporate Managers to agree on action plans and strategies for assigned clients.
  • Develops and maintains close working relationship and contacts with clients to obtain and provide information and advice, conducts interviews and relays information regarding the Bank’s processes and requirements, as it relates to credit products.
  • Monitors and controls accounts within the assigned client portfolio, reviewing the quality of the portfolio in line with policy and guidelines. Discusses with Corporate Managers and CRMD any trigger points or issues causing concern.
  • Completes all relevant risk reviews, including covenant monitoring and control, out of order collateral, delinquency, excess management, annual review and expiry management. Completes reporting including early warning questionnaires, proposing EWL strategies, portfolio level reporting, etc.
  • Assists the team to maintain and grow strong relationships with existing clients with a view to protecting the Bank’s existing client base and also maximising revenue generation from these relationships.
  • Keeps updated on products and processes and any changes to ensure effective and efficient service to clients. Keeps abreast of industry-related information to opportunity spot and deliver value-add content for clients.

 

Critical Knowledge & Skills
 
Knowledge Required 

  • Excellent verbal and written communication skills
  • In-depth knowledge of the Bank’s suite of product, processes and procedures with an emphasis on the lending suite
  • Thorough knowledge of operational risk policies and procedures, compliance and fraud prevention
  • Thorough understanding of regulatory and bank prudential limits
  • Highly numerate with related IT skills
  • Understand FirstCaribbean client offerings in terms of sales and service model
  • Good knowledge of products, pricing, services and applicability to customer requirements
  • Good knowledge of branch processes including product and service sales and delivery – in order to refer clients as needed
  • Good knowledge of Corporate processes, policies and procedures
  • Good knowledge of needs of corporate clients
  • Good local market knowledge
  • Good knowledge of corporate lending practices and credit analysis
  • Good knowledge of our competitors’ products
  • Good knowledge of branch limits and allocations thereof, management and department objectives and targets for support and for direction of portfolio plans

 

Skills Required

  • Highly developed organisational and analytical skills
  • Excellent verbal and written communication skills
  • Strong multi-tasking and time management skills
  • High degree of initiative, decisiveness and confidence
  • Results-oriented with ability to deliver excellent results
  • Problem solver with decision making orientation
  • Key ability to build relationships / partnerships and work in a matrix environment
  • Change orientation with ability to adapt to situations quickly

 

Experience Required

  • Graduate status with ACIB or accounting / professional qualification
  • Proven credit analysis skills and experience
  • Previous Corporate business lending skills and experience
  • Excellent understanding of financial statements and accounting principles
  • Excellent analytical ability including demonstrated knowledge of cash flow analysis and financial modeling capabilities
 
Expiry Date:  03-10-2022
Reference
VAC-6393
Employer
CIBC FirstCaribbean International Bank
Hours
Employment Type
Location
Salary and benefits
Salary and benefits info not provided.
Salary
Salary negotiable
Your Career Level
Early Career
Years Experience
Not Specified
Your Education Level
Graduate Degree|in Relevant Field
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