2026 Summer Intern - Payment Operations at CIBC in Chicago, IL

Summary: CIBC is building a relationship-oriented bank for the modern world, and they are seeking a Summer Intern for Payment Operations. The role involves assisting with wire transfer processing, ACH operations, compliance and risk management, and documentation systems while providing support for internal staff regarding payment inquiries. Responsibilities: - Assist with the input, review, and release of incoming and outgoing wire transfers in compliance with bank policies - Process ACH suspensions, handling Proof of Authorizations, and managing notifications of change - 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 - Organize and maintain SharePoint libraries for payment procedures, uploading/tagging documents, and migrating confidential information - Provide support for internal staff regarding payment status, inquiries, or discrepancies Required Qualifications: - 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 - 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 Required Skills: Wire Transfer Processing, ACH Operations, Compliance & Risk Management Important Skills: MS Office Suite Nice-to-Have Skills: Analytical Skills Internship Start Date: Start in 2026 Summer Benefits: 401(k) contribution, Paid Time Off (including Sick Leave and Vacation), Holidays