Summer 2025
Posted on 2/27/2025
Full-service banking, wealth management, capital markets
$25/hr
Company Does Not Provide H1B Sponsorship
Chicago, IL, USA
The job is located at IL-70 W Madison St, 10th Fl, Chicago, IL.
The job is located at IL-70 W Madison St, 10th Fl, Chicago, IL.
The job is located at IL-70 W Madison St, 10th Fl, Chicago, IL.
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CIBC is a diversified bank serving individuals, businesses, and institutional investors through four units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It offers deposits, loans, credit cards, mortgages, investment management, and advisory services, generating revenue from interest, fees, and trading; services are delivered via branches and digital channels for a smooth client experience. Unlike some peers, CIBC emphasizes a client-centric approach, a broad product range, and a cross-border footprint in Canada and the United States, supported by ongoing digital transformation. Its goal is to serve about 13 million clients in North America with integrated financial services and continuously improve customer experience through digital tools.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
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Founded
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Employee Stock Purchase Plan
Defined Benefit Pension Plan
Wellbeing Support
Employee and Family Assistance Programs
MomentMakers
Purpose Day
Avantus secures over $525 million to advance Aratina 2 solar and storage project in Southern California. Jul 9, 2026 BBVA, CIBC and Santander provide construction financing for 150 MW solar and 452 MWh storage project in Kern County. SAN DIEGO, Calif. - July 9, 2026 - Avantus has closed a financing package of more than $525 million with BBVA, CIBC and Santander for the Aratina 2 utility-scale solar and storage project, located in eastern Kern County, California. Currently under construction and expected to be operational by the end of 2026, Aratina 2 will deliver 150 megawatts (MWac) of solar generation and 452 megawatt-hours (MWh) of battery storage capacity to the California grid. The financing package includes construction funding, a tax equity bridge loan and letters of credit. "Aratina 2 is another demonstration of Avantus' ability to develop and finance large-scale projects in one of the country's most complex energy markets," said Omar Karar, Executive Vice President of Capital Markets and M&A at Avantus. "BBVA, CIBC and Santander's participation reflects genuine confidence in our track record and our long-term strategy as an owner-operator." "Aratina 2 is a strong example of the high-quality infrastructure projects needed to support the evolving energy landscape in the U.S.," said Eugene Kasozi, Head of Project and Infrastructure Finance North America at BBVA. "We are proud to partner with Avantus on this financing and to leverage BBVA's project finance expertise to help deliver resilient, long-term energy solutions." "CIBC is pleased to support Avantus in achieving this important milestone for the Aratina 2 solar and storage project," said Anh Nguyen, Executive Director, Project Finance and Infrastructure, CIBC. "We look forward to continuing our partnership and supporting efforts to meet increasing energy demand across the U.S." "We are proud to have supported Avantus as it continues to construct utility-scale renewable projects and deliver clean power to regions with growing demand," said Bart White, Global Head of Energy Structured Finance, Santander Corporate & Investment Banking. "We congratulate Avantus, its partners and stakeholders on this achievement." Aratina 2 is creating approximately 300 union construction jobs and will generate tax revenue to support Kern County public services and provide permanent operations and maintenance jobs throughout its operating life. The project signed 15-year power purchase agreements (PPA) with Southern California Edison (SCE). Aratina 2 is the second phase of the Aratina Solar Center, which, together with Aratina 1, will total 350 MW of solar with 952 MWh of battery storage. Avantus plans to maintain an ownership stake and operate Aratina 2, together with Aratina 1, as part of its independent power producer (IPP) strategy. White & Case LLP served as legal counsel on the transaction, with Cox Castle & Nicholson LLP serving as local counsel. Akin Gump Strauss Hauer and Feld LLP served as counsel to the financing parties, with Holland & Knight LLP serving as local counsel. Avantus is advancing a development portfolio across its core markets of California, Nevada and Arizona comprising 13 gigawatts (GW) of solar and 44 GWh of storage. Under its growing IPP strategy, the company is on track to bring 5 GW of system capacity online by 2030, with 788 MW reaching commercial operation and 800 MW under construction by year end. About Avantus Avantus develops, owns and operates utility-scale clean energy projects across California and the Desert Southwest. Its development pipeline of solar with integrated storage will generate enough dispatchable power to serve more than 10 million Americans, day and night. Backed by strategic investment from KKR and EIG, and building on more than a decade of industry leadership, Avantus is growing its position as an independent power producer, delivering affordable, reliable clean energy solutions to meet America's growing energy demand. For more information, please visit www.avantus.com, and follow Avantus on LinkedIn. MEDIA CONTACT Katie Struble Sr. Vice President, Corporate Communications Avantus [email protected]
CIBC opens global capabilities hub in Hyderabad, India. July 8, 2026. HYDERABAD, India, July 7, 2026 /PRNewswire/ - CIBC announced today another step in its modernization journey with the opening of a global capabilities hub in Hyderabad, India. This new office strengthens its global footprint and talent pool across Canada, the US, Europe and Asia. In recent years, CIBC has made substantial progress in transforming its operations to deliver on strategic priorities and meet clients' evolving needs. The establishment of this new office will accelerate these efforts by insourcing work previously managed by third parties and accelerating the execution of the bank's client-focused growth strategy. "Our new team will play an important role in the continued modernization of our bank," said Darryl Stratton, Senior Vice-President, Global Programs at CIBC. "CIBC's teams already operate as a global, highly connected network, collaborating daily to deliver for clients in Canada, the US, Europe, and Asia. Today's announcement further strengthens this approach, fostering cross-business and cross-border collaboration to help realize our clients' ambitions." To support its global operations and growth, CIBC remains committed to attracting, developing, and retaining top talent in Canada, the US and worldwide. About CIBC CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR
Post-Event recap: Global ABS 2026. CIBC Capital Markets joined leaders across structured finance at Global ABS 2026 in Barcelona to discuss the trends, regulation and innovation shaping the market. This content is for signed-on users only. To view the full spectrum of CIBC Capital Markets Insights, please sign on or request an account below:
Lyte Fiber, a Texas-based fibre broadband provider, has closed a $175 million construction loan facility to accelerate expansion of its fibre-to-the-home network. The financing includes an accordion feature and was led by CIBC Bank USA and Third Coast Bank, with participation from Hancock Whitney Bank, Celtic Bank, Woodforest National Bank and Axiom Bank. The facility comprises a term loan and revolving credit line to fund buildouts across nearly 20 concurrent markets in Texas, including privately funded projects and government-supported broadband initiatives. The capital will also support strategic acquisitions. Founded in 2023 with backing from SDC Capital Partners, Lyte Fiber provides fibre optic internet services to communities across Texas and pledges 1% of revenue to local charities annually.
Payworks is teaming up with CIBC Business Banking to support small businesses across Canada. Published May 8, 2026 Payworks is pleased to announce a new relationship with CIBC Business Banking, designating Payworks as a small business referral partner for payroll and workforce management solutions across Canada. Through this collaboration, CIBC Business Banking clients will have access to the payroll, HR, time and attendance, and analytics tools they need to run their businesses with confidence - all backed by the expert, person-to-person service Payworks is known for. Small business owners carry a heavy operational load, and payroll compliance is one of their most time-sensitive and quickly-evolving responsibilities. This collaboration is designed to ease that burden. CIBC Business Banking clients referred to Payworks will have access to a full suite of workforce management solutions purpose-built for the Canadian market, supported by local payroll experts in communities across the country. "Small businesses are the backbone of the Canadian economy, and they deserve partners who understand the unique challenges of operating and growing in this country," said Matt Sachkiw, Chief Operating Officer at Payworks. "Teaming up with CIBC Business Banking is a natural fit, both organizations are deeply committed to the success of Canadian entrepreneurs, and together we can offer small business clients a more connected, seamless experience across their payroll and workforce management needs." From a single employee to a growing team, Payworks delivers the tools and expertise small business owners need without the complexity or overhead of enterprise-focused platforms. "Our team is dedicated to empowering small businesses with the support and advice they need to help make their business ambitions a reality," said Andrew Antoniadis, Senior Vice-President, Business Banking, CIBC. "Through our collaboration with Payworks, our clients will benefit from streamlined access to payroll and workforce management resources, making it easier for them to focus on what matters most, building their business." With offices and client service teams across Canada, Payworks brings national coverage and local expertise to every client relationship. CIBC Business Banking's extensive coast-to-coast-to-coast presence makes this an ideal collaboration to support small businesses wherever they operate in Canada. About CIBC. CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://cibc.mediaroom.com.