CIBC US
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Director, Petroleum Engineer
role at
CIBC US .
1 day ago Be among the first 25 applicants
What You’ll Be Doing Risk Management is led by the Senior Executive Vice‑President and Chief Risk Officer (SEVP & CRO) and is accountable for the independent oversight of risks inherent in CIBC’s activities and for the leadership and management of CIBC’s Risk Management department. The US Risk Management function conducts the mandate of CIBC Risk Management at the regional level, ensuring compliance with applicable Parent Bank policies, while complying with local laws and regulations governing the Region and its individual legal entities. Enterprise Risk Management, US Region develops, implements, and maintains a risk management governance framework and related policies and procedures for the US Region and its individual legal entities. This involves the regional implementation of global CIBC programs, where applicable, and includes US Risk Management Framework and Policies, Risk Governance, Risk Appetite, Independent Oversight and Effective Challenge, Identification of Material and Emerging Risks, Reputational Risk, Strategic Risk, Model Risk Management, Petroleum Engineering, Collateral Evaluation Services Group and Environmental and Social Risk Management.
How You’ll Succeed The PE is a knowledgeable and experienced petroleum engineering professional responsible for analyzing and assessing third‑party reserve reports, lease operating statements and other data to determine the underlying collateral value and advance rate of proven oil and natural gas assets supporting Reserve Based Loans (“RBLs”). The role applies leadership skills and technical expertise to determine the loss given a default rating and assess the cash flow repayment profile of the borrower. The PE exercises a high degree of independent judgement to prepare evaluations for existing and prospective corporate banking customers. The PE supports the delivery and maintenance of the “Petroleum Engineering Department US Engineering Reserve Based Lending Procedure Manual”, which outlines the guidelines for CIBC’s collateral valuation procedures and methodology.
Key Accountabilities
Evaluate corporate reserve reports with a view to establishing an independent lending value that is in adherence to CIBC’s lending guidelines, independently of the loan production and credit approval functions.
Assess the quality of the client’s, or prospective client’s) asset quality, experience and competence of their technical team, and the reasonableness of their business strategy.
Utilize industry software (e.g. Aries) to confirm client reserve assessments.
Review the technical and economic input parameters to the client reserve report to ensure compliance to historical data.
Deliver corporate cash flow projections using CIBC’s standard templates incorporating economic assumptions such as production forecasts, reserves, commodity prices, operating costs, and discount rate.
Prepare evaluations for credit applications that contain an independent assessment of an appropriate lending value, and the risks and merits of the client and their asset portfolio.
Provide input for CIBC’s price forecasts for oil and natural gas at least semi‑annually or as market conditions dictate.
Compile semi‑annual portfolio analysis.
Other ad hoc responsibilities:
Support US Corporate Solutions Group with commodity derivative (hedging) analysis.
Provide input and analysis to Institutional Structuring and Securitization Group for deals supported by oil and natural gas collateral.
Cross – Functional Relationships The job will facilitate cross‑functional team work as well as participate in cross‑functional teams to support initiatives from other groups outside of ERM and Risk Management. Regular interactions include:
US Corporate Banking – Energy
Members of Global Deals Committee
Corporate Credit Risk Management
US Corporate Solutions Group (Oil and Natural Gas Derivatives)
Institutional Structuring and Securitization Group
Who You Are
Successful candidates must exhibit CIBC’s values of trust, teamwork, and accountability.
Candidate must have 10+ years of domestic oil and natural gas evaluation experience, preferably with a financial institution, exploration & production company or engineering consulting firm.
Expertise in economic evaluations of exploration, development and exploitation properties.
Familiarity with major resource plays in the United States.
Excellent oral and written communication skills.
Strong leadership skills and an ability to manage a team.
Excellent research skills and analytical capabilities.
Strong relationship management and interpersonal skills.
Superior time management skills, with ability to effectively prioritize.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
Working Conditions
The role operates within a normal office environment with minimal risk of ill‑health or injury. Work pressures caused by tight deadlines can be significant at times.
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 contact Mailbox.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.
We may ask you to complete an attribute‑based assessment and other skills tests (such as simulation, coding, MS Office). 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 TX-1001 Fannin St
Employment Type Regular
Weekly Hours 40
Skills Analytical Thinking, Business Objectives, Credit Decisions, Credit Risk Management, Financial Analysis, Project Management, Relationship Building
#J-18808-Ljbffr
Director, Petroleum Engineer
role at
CIBC US .
1 day ago Be among the first 25 applicants
What You’ll Be Doing Risk Management is led by the Senior Executive Vice‑President and Chief Risk Officer (SEVP & CRO) and is accountable for the independent oversight of risks inherent in CIBC’s activities and for the leadership and management of CIBC’s Risk Management department. The US Risk Management function conducts the mandate of CIBC Risk Management at the regional level, ensuring compliance with applicable Parent Bank policies, while complying with local laws and regulations governing the Region and its individual legal entities. Enterprise Risk Management, US Region develops, implements, and maintains a risk management governance framework and related policies and procedures for the US Region and its individual legal entities. This involves the regional implementation of global CIBC programs, where applicable, and includes US Risk Management Framework and Policies, Risk Governance, Risk Appetite, Independent Oversight and Effective Challenge, Identification of Material and Emerging Risks, Reputational Risk, Strategic Risk, Model Risk Management, Petroleum Engineering, Collateral Evaluation Services Group and Environmental and Social Risk Management.
How You’ll Succeed The PE is a knowledgeable and experienced petroleum engineering professional responsible for analyzing and assessing third‑party reserve reports, lease operating statements and other data to determine the underlying collateral value and advance rate of proven oil and natural gas assets supporting Reserve Based Loans (“RBLs”). The role applies leadership skills and technical expertise to determine the loss given a default rating and assess the cash flow repayment profile of the borrower. The PE exercises a high degree of independent judgement to prepare evaluations for existing and prospective corporate banking customers. The PE supports the delivery and maintenance of the “Petroleum Engineering Department US Engineering Reserve Based Lending Procedure Manual”, which outlines the guidelines for CIBC’s collateral valuation procedures and methodology.
Key Accountabilities
Evaluate corporate reserve reports with a view to establishing an independent lending value that is in adherence to CIBC’s lending guidelines, independently of the loan production and credit approval functions.
Assess the quality of the client’s, or prospective client’s) asset quality, experience and competence of their technical team, and the reasonableness of their business strategy.
Utilize industry software (e.g. Aries) to confirm client reserve assessments.
Review the technical and economic input parameters to the client reserve report to ensure compliance to historical data.
Deliver corporate cash flow projections using CIBC’s standard templates incorporating economic assumptions such as production forecasts, reserves, commodity prices, operating costs, and discount rate.
Prepare evaluations for credit applications that contain an independent assessment of an appropriate lending value, and the risks and merits of the client and their asset portfolio.
Provide input for CIBC’s price forecasts for oil and natural gas at least semi‑annually or as market conditions dictate.
Compile semi‑annual portfolio analysis.
Other ad hoc responsibilities:
Support US Corporate Solutions Group with commodity derivative (hedging) analysis.
Provide input and analysis to Institutional Structuring and Securitization Group for deals supported by oil and natural gas collateral.
Cross – Functional Relationships The job will facilitate cross‑functional team work as well as participate in cross‑functional teams to support initiatives from other groups outside of ERM and Risk Management. Regular interactions include:
US Corporate Banking – Energy
Members of Global Deals Committee
Corporate Credit Risk Management
US Corporate Solutions Group (Oil and Natural Gas Derivatives)
Institutional Structuring and Securitization Group
Who You Are
Successful candidates must exhibit CIBC’s values of trust, teamwork, and accountability.
Candidate must have 10+ years of domestic oil and natural gas evaluation experience, preferably with a financial institution, exploration & production company or engineering consulting firm.
Expertise in economic evaluations of exploration, development and exploitation properties.
Familiarity with major resource plays in the United States.
Excellent oral and written communication skills.
Strong leadership skills and an ability to manage a team.
Excellent research skills and analytical capabilities.
Strong relationship management and interpersonal skills.
Superior time management skills, with ability to effectively prioritize.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
Working Conditions
The role operates within a normal office environment with minimal risk of ill‑health or injury. Work pressures caused by tight deadlines can be significant at times.
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 contact Mailbox.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.
We may ask you to complete an attribute‑based assessment and other skills tests (such as simulation, coding, MS Office). 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 TX-1001 Fannin St
Employment Type Regular
Weekly Hours 40
Skills Analytical Thinking, Business Objectives, Credit Decisions, Credit Risk Management, Financial Analysis, Project Management, Relationship Building
#J-18808-Ljbffr