What you'll be doing

Join our Global Transaction Banking team within the Payments group at CIBC Capital Markets as a Student Analyst for a 8-month internship. You will be part of a dynamic team dedicated to delivering innovative banking and investment solutions to CIBC's diverse clients, including retail, wealth, corporate, government, and institutional clients worldwide. Our mission is to be the leading Capital Markets franchise in Canada, working collaboratively to build our brand across North America and globally, while upholding our values and striving to be the leader in client relationships.

The Global Transaction Banking group is positioned to support financial institution and corporate clients across correspondent banking, cash management and liquidity advisory, trade and working capital finance.

As a student in our Global Transaction Banking group, you will be working with one of our teams in Toronto to make a real difference for our clients.

• Correspondent Banking: Enabling international payment and settlement flows across borders and currencies by maintaining critical banking infrastructure.

• Global Banks Coverage: Managing CIBC's global banking relationships, cross-selling Capital Markets solutions, and sourcing liquidity.

• Cash Management: Assisting clients with their operational banking needs and providing solutions for effective management and investment of excess liquidity.

At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you'll be on-site full-time.

The expected annualized base salary for this role is $100,000.

The base salary is determined by a variety of factors, including the candidate's skills, experience, and job-related knowledge, as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles.

We are committed to providing fair, equitable, and competitive compensation opportunities for all employees, and we encourage open conversations about compensation throughout the recruitment process.

Important information

• You are enrolled in an undergraduate or graduate degree in Commerce, Mathematics, Engineering, or related at the time of the internship and are on track to complete your undergrad or grad program no sooner than December 2027.

• Applications should include your resume (no more than 1 page), cover letter (no more than 1 page), and an unofficial transcript all uploaded to the Resume/CV section of the application as one document.

• Location: Toronto.

• Duration of Work Term: 8 months (January 2027 - August 2027)

• This job posting closes on September 18th at 11:59PM EST. Applications may be reviewed on a rolling basis. We encourage you to apply as soon as possible.

How you'll succeed

• Communication and relationship management - Support the team withpayment clearing relationships with global partner banks on behalf of CIBC and payment product support for the Global Trade and Banking team and other CIBC stakeholders.

• Process improvement - Responsible to manage CIBC's foreign currency clearing arrangements with Correspondent banks to reduce costs, improve service quality and manage various aspects of the correspondent banking systems application.

• Growth and development - Identify sales opportunities for payment products for clients across Capital Markets.

Who you are

• You have demonstrated interest in Capital Markets. You are highly motivated, accomplished and success-oriented individual who has a keen interest in pursuing a career in the financial services industry demonstrated through school courses, clubs and/or related work experience.

• You're digitally savvy. You are proficient in MS-office suite of tools (Word, PowerPoint, Excel). You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

• You are organized and work gracefully under pressure. You can juggle multiple tasks and prioritize work to make timely decisions and take appropriate action.

• 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.

• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.

*Subject to program terms and conditions

Expected End Date
2027-08-20

Job Location
Toronto-141 Bay, 11th Floor

Employment Type
Temporary (Fixed Term)

Weekly Hours
37.5

Skills
Capital Markets, Transaction Banking