Summer 2025

Software Developer Co-op

Posted on 5/14/2025

Deadline 5/30/25
CIBC

CIBC

1,001-5,000 employees

Full-service banking, wealth management, capital markets

No salary listed

Toronto, ON, Canada

In Person

Bachelor's

Category
Software Engineering (1)

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Requirements
  • Currently enrolled in post-secondary education and returning to full-time studies
  • Familiar with programming languages
  • Strong problem-solving abilities
  • Excellent verbal and written communication skills
  • Strong time management skills
  • Technical skills to review and evaluate data
Responsibilities
  • Develop, code and test computer programs for straightforward assignments
  • Participate in the technical design, development, and integration of cross-functional, multi-platform application systems
  • Effectively interact with stakeholders, end users, business analysts, and technical resources to gather requirements and prepare design specifications
Desired Qualifications
  • Enjoy improving the user experience
  • Curious and enjoy working in a team to visualize and design new products or services
  • Bring real self to work and live values of trust, teamwork, and accountability

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

null

Founded

N/A

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Simplify Jobs

Simplify's Take

What believers are saying

  • CIBC reported C$2.47 billion Q2 2026 profit, with revenue and margins rising.
  • CAI 2.0 and AdvisorAssist target faster advice, compliance, and stronger advisor productivity.
  • The announced 30-million-share buyback supports earnings per share through 2027.

What critics are saying

  • CIBC faces a $10 million NSF-fee settlement hearing on October 19, 2026.
  • CIBC still carries legacy compliance scars after FINTRAC's $1.3 million AML penalty in 2023.
  • Selling CIBC Caribbean removes diversification and exposes earnings to Canadian mortgage and credit cycles.

What makes CIBC unique

  • CIBC unified Commercial Banking and Wealth Management under North American leadership on May 28, 2026.
  • CIBC launched CAI 2.0, Canada's first enterprise-wide agentic AI workspace, on July 31, 2026.
  • CIBC's May 28, 2026 Caribbean sale refocuses capital on Canada and U.S. franchises.

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Benefits

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

Company News

Associated Press
Aug 27th, 2026
CIBC reports $2.4B Q3 net income, up 15% year-over-year on strong revenue growth

CIBC reported third quarter 2026 results with net income of C$2.41 billion, up from C$2.10 billion a year earlier. Revenue reached C$8.37 billion, compared with C$7.25 billion in the prior-year quarter. The bank's adjusted net income was C$2.65 billion, reflecting charges of C$269 million related to the announced sale of CIBC Caribbean Bank Limited. The Common Equity Tier 1 ratio stood at 13.4%. Canadian Personal and Business Banking net income rose 17% year-over-year to C$948 million, driven by higher revenue and improved net interest margin. Capital Markets net income increased 34% to C$722 million, benefiting from higher equity trading revenue. Provision for credit losses totalled C$564 million, up C$5 million from the same quarter last year. The bank's return on equity improved compared to the prior year. CIBC highlighted investments in artificial intelligence, including launching CAI 2.0 and CIBC AdvisorAssist.

The Flex Insights
Aug 24th, 2026
CIBC leases 1.21 lakh sq ft in Hyderabad for GCC as BFSI office demand accelerates.

CIBC leases 1.21 lakh sq ft in Hyderabad for GCC as BFSI office demand accelerates. Canadian banking major CIBC has leased 120,708 sq ft at Hyderabad's Meenakshi Eco Park for its GCC, committing ₹180 crore over five years. The deal highlights strong BFSI GCC expansion in Hyderabad and growing preference for managed office solutions. The city is also witnessing rapid growth in large-format office transactions. Canadian Imperial Bank of Commerce (CIBC) has leased 120,708 sq ft of office space in Hyderabad for its global capability centre, committing to a total rental outlay of around ₹180 crore over five years. According to transaction documents accessed by Propstack, the banking major will pay ₹225 per sq ft per month for the chargeable area. The space is located on the fourth and sixth floors of Tower 1 at Meenakshi Eco Park, a prominent office development that also houses companies including Uber, Invesco and Synechron. The lease includes a security deposit of ₹16.30 crore, and rentals will increase by 5% annually over the five-year term. The transaction adds to a growing list of financial services companies expanding their operations in the GCC in Hyderabad. BFSI firms drive demand. Hyderabad has emerged as an important hub for financial services GCCs, attracting major global institutions such as JPMorgan Chase, Goldman Sachs and Deutsche Börse. A joint report by Nasscom and Zinnov found that 55% of top financial services companies that established GCCs in India chose Hyderabad. The latest CIBC transaction could encourage more BFSI companies to consider the city for technology, operations, and support functions. Propstack co-founder Raja Seetharaman said the transaction "reinforces the relentless momentum of BFSI GCCs expanding in tier-1 tech corridors." He also pointed to the growing preference for managed office solutions. "More notably, opting for enterprise-managed office space over traditional capex-heavy leases highlights how global giants are prioritising plug-and-play operational ease without sacrificing custom, institutional-grade scale," Seetharaman said. This shift is significant for the flexible workspace sector, as large enterprises increasingly seek ready-to-use offices without assuming the full capital burden of building and operating their own facilities. Hyderabad gains momentum in large office leasing. CIBC's deal comes amid strong momentum in Hyderabad's commercial office market. According to CBRE India, office absorption across India reached a record quarterly level of approximately 24.6 million sq ft in Q2 2026. Bengaluru, Hyderabad, and Pune together accounted for 68% of large-format office transactions across the top eight Tier-1 markets during the quarter. Hyderabad has also seen particularly strong growth in transactions involving large occupiers. Knight Frank reported that leasing of spaces larger than 100,000 sq ft increased 63% year-on-year, from 3 million sq ft in H1 2025 to 4.9 million sq ft in H1 2026. Managed workspaces gain enterprise traction. The CIBC lease follows several major office transactions in Hyderabad. Tablespace recently leased more than 500,000 sq ft for ₹163 crore, while Smartworks renewed a lease covering approximately 230,000 sq ft in Madhapur for ₹121 crore. Together, these transactions underline the depth of demand for both conventional and managed office space in the city. For flexible workspace operators, the growing preference among GCCs for scalable, plug-and-play infrastructure could create a significant opportunity. As global companies expand their operations in India, managed workspaces can offer faster deployment, flexibility, and institutional-grade facilities without requiring heavy upfront investment. Hyderabad's combination of technology talent, established GCC infrastructure and growing large-format leasing activity is likely to keep the city firmly on the radar of global occupiers and office space providers.

eFinancialCareers
Aug 21st, 2026
A Barclays trading head in New York left for a Canadian bank.

A Barclays trading head in New York left for a Canadian bank. 11 minutes ago BMO Capital Markets has been hiring all year. It was hiring M&A people at one point this summer. Its newest big hire, however, is in equities sales & trading. Bill Bors is joining BMO Capital Markets in New York. He is joining the Canadian bank from Barclays, where he spent just five years, the last three as the firm's head of New York cash sales trading. Bors was at Credit Suisse for 32 years before joining Barclays. In a social media post at the time of his departure, when the bank was dealing with the fallout of the Archegos scandal, Bors said that he believes that the firm "always conducted our business in a way we should feel good about." BMO has been on a bit of a hiring spree for equities people this year. In June, The Trade reported that the firm had picked up Christopher Limentani, former head of trading for Devon Equity Management. And in March, Bloomberg reported that Joe Kostandoff, ex-head of equity solutions for the Canadian Imperial Bank of Commerce, had joined BMO. Have a confidential story, tip, or comment you'd like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email [email protected]. Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate. The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits. Boost your career. Find thousands of job opportunities by signing up to eFinancialCareers today. Top Articles

Yahoo Finance
Aug 20th, 2026
CIBC appoints Prasanna Gopalakrishnan to board of directors

CIBC has appointed Prasanna Gopalakrishnan to its Board of Directors, effective 1 September 2026. Gopalakrishnan brings over 30 years of experience in technology, data, cyber security, and artificial intelligence across banking, wealth management, and consumer businesses. She most recently served as Global Chief Product and AI Officer at ADP. Previously, she was Group Chief Technology Officer at Sky in London and Chief Information Officer of the Retail Bank at Bank of America, following senior technology leadership roles at Fidelity Investments. "Her knowledge, perspectives and leadership will be an asset as our Board oversees the execution of CIBC's client-focused strategy, particularly as technology, data and AI play a key role in delivering value for stakeholders," said Kate Stevenson, CIBC's Board Chair.

The Globe and Mail
Aug 13th, 2026
CIBC appoints Mark Mulroney as head of office of the CEO

CIBC appoints Mark Mulroney as head of office of the CEO Published Yesterday Updated 5 hours ago

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