In a move to strengthen its technological capabilities, CIBC has unveiled plans to recruit over 200 specialists in data and artificial intelligence within the next year. This recruitment drive is part of the bank’s ongoing commitment to leveraging AI for enhancing client services and maintaining its competitive edge.
“We strongly believe that using AI thoughtfully will add to the momentum we have across our bank in delivering for our stakeholders and executing on our client-focused growth strategy,” said Christina Kramer, Group Head, Technology, Infrastructure and Innovation, CIBC. “Now is the right time to add to our talent base through hiring and upskilling in data and AI focused roles, as we leverage this new technology to do more for our clients and deliver a better experience for team members.”
The new positions will focus on advancing resilient and reliable AI solutions, crucial for various ongoing projects within the bank. CIBC has a rich history of integrating AI into its operations, employing advanced models for risk management, fraud detection, and information security. The bank’s continued investment in AI reflects its strategy to remain at the forefront of technological innovation.
As generative AI technologies evolve, CIBC has already initiated several pilot programs incorporating these cutting-edge functionalities. The upcoming hires will play a pivotal role in scaling these AI operations, enriching both client and employee experiences. Additionally, they will contribute to refining the governance frameworks that guide AI application within the bank.
“AI talent is in demand across the industry, and we have a compelling value proposition to join our strong team of professionals that have established AI capabilities inside our bank and built the right governance and structure around AI to ensure we’re using it thoughtfully to deliver on our business strategy,” added Kramer. “Adding to our data and AI teams is an opportunity to continue to transform how we work and interact with our clients, while enhancing our productivity and efficiency.”
CIBC’s reputation as a top employer is bolstered by its numerous accolades and initiatives aimed at fostering inclusivity, sustainability, and gender equality. Notably, the bank received the Indigenous Reconciliation Award and the Innovation Award at the 2024 Employment Equity Achievement Awards (EEAA), acknowledging its exemplary efforts in promoting employment equity.
Moreover, for the third year in a row, CIBC was named one of Canada’s Greenest Employers by MediaCorp Canada, highlighting its dedication to environmental sustainability. The bank’s commitment to gender equality was also recognized by Equileap, ranking CIBC as the leading company in Canada for gender equality for the fourth consecutive year and among the top five in North America.
Through these strategic hires and sustained commitment to inclusive and sustainable practices, CIBC continues to empower its team, clients, and communities, driving forward with a vision for a technologically advanced and equitable future.
