As an Associate, Correspondent Banking, you will play a key role in supporting the growth of CIBC's global Correspondent Banking franchise. Working closely with the Head of CAD Clearing & Client Management and senior members of the Correspondent Banking team, you will help identify, pursue, and onboard new financial institution clients while supporting the delivery of CIBC's Canadian Dollar clearing, payments, deposits, liquidity, and trade finance solutions. This is a front-office business development role focused on client acquisition, sales support, market intelligence, and onboarding execution.

The Associate, Correspondent Banking will work with financial institution clients globally, including banks, broker dealers, futures commission merchants (FCMs), asset managers, payment companies, and other financial market participants. You will gain exposure to a broad range of Global Transaction Banking and Capital Markets products while working closely with senior leaders, product partners, and clients across North America, EMEA, and APAC. You will work alongside experienced professionals across Global Transaction Banking, Capital Markets, Treasury, Operations, and Risk Management, providing valuable opportunities to build relationships, develop expertise, and accelerate your career growth.

To successfully perform the work, you'll be on-site full-time.

Business

Development & Origination - Support the acquisition of new correspondent banking clients by identifying prospects and business opportunities across targeted financial institution segments. Support prospect meetings, industry conferences, client presentations, and relationship-building initiatives. Maintain business development pipelines, opportunity trackers, and sales reporting.

Prepare revenue analyses, client business cases, profitability assessments, and strategic recommendations. Support cross-selling opportunities across Global Transaction Banking and the broader Capital Markets platform.

Sales

Support & Client Engagement - Support the end-to-end sales process from prospect identification through onboarding and implementation. Prepare pitch books, client presentations, marketing materials, and sales proposals. Assist with preparing meeting materials, client briefing notes, call reports, and follow-up action items.

Client





Onboarding & Implementation - Coordinate onboarding activities for new correspondent banking relationships and products. Partner with Compliance, Legal, Credit, Operations, Treasury, and Product teams to facilitate successful implementation. Monitor onboarding milestones and proactively identify and elevate issues impacting implementation timelines.

Support account opening, KYC, AML, documentation, and approval processes. Assist in ensuring new opportunities progress efficiently through internal governance and risk approval processes.

Market

Intelligence & Strategic Initiatives - Monitor developments within the global banking, payments, liquidity, and correspondent banking sectors. Prepare management presentations, briefing materials, and business development reports. Support strategic initiatives designed to grow CIBC's Correspondent Banking franchise and enhance client acquisition efforts.

Internal

Collaboration - Build strong partnerships with colleagues across Global Transaction Banking, Global Markets, Treasury Solutions, Trade Finance, Product Management, Operations, Risk Management, Compliance, and Financial Crimes. Support a high-performance team culture focused on growth, innovation, accountability, and client success. In corporate banking, transaction banking, treasury services, correspondent banking, payments, capital markets, consulting, financial institutions coverage, and/or a related financial services environment.

You have experience preparing presentations, business cases, financial analysis, and management reporting. MBA, Master of Finance, Master of Economics, Master of Financial Risk Management, or a similar graduate degree is considered a strong asset. Professional designations such as CFA, CSC, CTP, FRM, or related credentials are considered an asset.

You give meaning to data. You leverage research, data, and analysis to support strategic business decisions and sales opportunities.



Your critical thinking skills help to inform your decision making. You possess exceptional attention to detail and take pride in delivering high-quality work.

You understand the importance of precision when working with client communications, onboarding documentation, financial analysis, and regulatory requirements. You are intellectually curious and enjoy learning about financial markets, banking products, payment systems, and industry developments. You are eager to expand your knowledge and build expertise across a broad range of banking and Capital Markets products.

You know that relationships and networks are essential to success. You are comfortable engaging with senior stakeholders and contributing in client-facing environments. We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program. ~ competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program. *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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process.

Skills Analytical Thinking, Business Development, Credit Risk Management, Customer Experience (CX), Financial Modeling, Financial Statement Analysis, High Net Worth Individuals, Portfolio Management, Researching At CIBC, we are in business to help our clients, employees and shareholders achieve what is significant to them. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.

📌 Associate, Correspondent Banking - Global Transaction Banking (Toronto)
🏢 CIBC
📍 Toronto