Corporate Banking, Global Trade & Banking, Summer 2024 Analyst

Posted 09 February 2023

Corporate Banking, Global Trade & Banking, Summer 2024 Analyst at CIBC

Investment & Corporate Banking Internships Toronto

Experience: Entry-Level
Education Required: You are enrolled in an undergraduate degree in Commerce, Mathematics, Engineering, or related at the time of the internship
Salary Range: Not Specified

Close date: 22 March 2023

Apply now

Join our Corporate Banking team as a Summer Analyst in this 4 month role and become part of a team focused on delivering innovative banking and investment solutions to CIBC’s retail, wealth and business clients including corporates, governments and institutional clients around the world. Our goal remains to be the leading Capital Markets franchise in Canada and to work as one team to build our brand across North America and the world - proudly living our values as we work toward our vision to be the leader in client relationships.

The Global Trade & Banking group is positioned within Capital Markets, supporting financial institution and corporate clients across correspondent banking, cash management and liquidity advisory, trade and working capital finance, and portfolio risk management.

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

  • Correspondent Banking: Responsible for the critical banking infrastructure that permits international payment and settlement flows across borders and currencies.
  • Global Banks Coverage: Manage CIBC’s bank relationships globally in cross-selling Capital Markets solutions and sourcing liquidity.
  • Trade Finance: Provide clients with innovative solutions around credit risk mitigation and liquidity access.
  • Portfolio Risk Management: Responsible for first line AML Program for Correspondent Banking.
  • Cash Management: Support clients on operational banking needs and provide solutions for investment of excess liquidity.

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.

Important information

  • You are enrolled in an undergraduate degree in Commerce, Mathematics, Engineering, or related at the time of the internship
  • You are on track to complete your undergrad program no sooner than 2025.
  • Applications should include your resume (no more than 2 pages), cover letter (no more than 1 page) and an unofficial transcript all uploaded to the Resume/CV section of the application
  • Location: Toronto. Please note all employees must work within their current jurisdiction and must reside within Canada. All CIBC student positions require you to be based in Canada for the duration of the term
  • Duration of Work Term: 4 months (May 2024 – August 2024)
  • This job posting closes on March 23rd 2023 11:59PM EST.

Position Description

How you’ll succeed

  • Communication and Relationship Management - You will support the team with payment 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 - You will be 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 - You will identify sales opportunities for payment products for clients across Capital Markets.

What CIBC offers

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client, and to do it well. As part of our team, you will:

  • Thrive: Benefit from an open and approachable culture that provides the flexibility and support your need to integrate your life at work and at home
  • Connect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity
  • Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training

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 [email protected]
  • 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

Required Skill / Experience

  • 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.

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