2023 Summer Internship - Community Development

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 Job Description The Community Development intern will assist lenders with various responsibilities that relate to affordable housing and real estate finance. Responsibilities will include: Tracking loan covenant compliance Working with Relationship Managers to request due diligence from borrowers Reviewing property operating statements Reviewing property and borrower financial statements Calculating debt coverage ratios for properties Assisting with market analysis summaries Reviewing project diligence for specific information as requested by RMs Attending project and departmental meetings Research on affordable housing finance programs including Low Income Housing Tax Credits, Section 8, HOME, etc. Special projects as needed, for example client tracking database, assist in presentation preparation for regulators, etc. Qualifications: An interest in affordable housing and community development/ improvement Interest/ previous experience in commercial real estate Strong communications skills, both oral and written Strong analytical skills Understanding of basic financial accounting Able to work independently and on multiple projects at once/ time management To be eligible for this program, you must be authorized to work in the U.S. on a permanent basis Pursuing a bachelors degree, with an expected graduation date between December 2023 and June 2024 CIBC’s Summer Internship program runs for 10 weeks beginning in June 2023 through August. During this time, you will have access to training opportunities, mentorship, and leadership support. Our leaders are invested in your success during your internship. Our goal is to ensure you have all tools necessary to take advantage of the robust opportunities at hand, resulting in a great summer experience. Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.  We all are accountable for managing risk.  As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes: Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals Understanding and following the qualitative and quantitative components of our Risk Appetite Statements Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution 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. Job Location IL-120 S LaSalle St Employment Type Temporary (Fixed Term) Weekly Hours 40 Skills Affordable Housing, Analytical Thinking, Communication, Housing Finance, Researching At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. 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 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.