2026 Summer Intern - Payment Operations

CIBC•Chicago, IL

About The Position

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. California residents — your privacy rights regarding your actual or prospective employment This position does not offer visa sponsorship At CIBC, your goals are a priority. We start with your strengths, ambitions and strive to create opportunities to tap into your potential. 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.

Requirements

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.
Exceptional attention to detail to ensure accuracy in high-stakes financial transactions.
Strong written and verbal communication skills for interaction with team members and potentially clients.

Nice To Haves

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

Responsibilities

Assist with the input, review, and release of incoming and outgoing wire transfers in compliance with bank policies.
ProcessACH 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.