2026 Summer Intern - Payment Operations

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

CIBC’s Summer Internship Program is a dynamic, 10-week experience (June through August) designed to complement your academic training and support your career aspirations. Centered around the core theme of Learn, Connect, Grow, the program offers a comprehensive blend of opportunities to expand your skills and professional network.

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.

As a Payment Operations Intern, you will:  

• Wire Transfer Processing: Assist with the input, review, and release of incoming and outgoing wire transfers in compliance with bank policies. 

• ACH Operations: ProcessACH suspensions, handling Proof of Authorizations, and managing notifications of change. 

• Compliance & Risk Management: Screen transactions for potential OFAC (Office of Foreign Assets Control) hits, conducting callbacks to verify wire details, and adhering to Anti-Money Laundering (AML) policies. 

• Documentation & Systems: Organize and maintain SharePoint libraries for payment procedures, uploading/tagging documents, and migrating confidential information. 

• Support & Troubleshooting: Provide support for internal staff regarding payment status, inquiries, or discrepancies. ​

HOW YOU’LL SUCCEED:​​

• Project Leadership: Ability to lead projects, develop project management skills, and collaborate with various stakeholders.
• Analytical Skills: Ability to analyze data and research payment issues.  
• Attention to Detail: Strong analytical skills and a keen eye for accuracy.
• Adaptability and agility in dynamic situations
• Strong teamwork and partnership mindset

Who you are:

•  Currently enrolled student (rising junior or senior) pursuing a degree in Finance, Accounting, Business Administration, or a related field. 

• Minimum 3.0 GPA

• Proficiency in MS Office Suite, particularly Excel, and familiarity with or ability to learn banking software/systems. 

• Detail-Oriented: Exceptional attention to detail to ensure accuracy in high-stakes financial transactions. 

• Communication: Strong written and verbal communication skills for interaction with team members and potentially clients. 

At CIBC, we offer a competitive total rewards package. This role has an expected hourly rate of $25.00 per hour for the State of Illinois market based on experience, qualifications, and location of the position. CIBC offers a full range of benefits and programs to meet our intern's needs; including 401(k) contribution, Paid Time Off (including Sick Leave and Vacation), and Holidays, in addition to other special perks reserved for our team members.