Roles in Data, Advanced Analytics and AI will
bolster the bank's tech talent over the next 12
months
TORONTO, Aug. 6, 2024
/CNW/ - CIBC today announced plans to hire more than 200 data and
AI roles over the next 12 months as it continues to leverage AI
capabilities to further execute on the bank's client-focused
strategy.
"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."
A priority for the hires will be continuing the development of
resilient and trustworthy AI solutions across the bank, which has
various AI use cases in development. CIBC has a long history of
leveraging AI in key functions, including existing implementations
such as sophisticated risk, fraud, and information
security models.
As new Generative AI solutions continue to evolve, the bank has
executed several pilot programs that have GenAI functionality built
in. These new hires will enable CIBC to operationalize AI at scale,
enhance the experience for clients and team members, and continue
to build out the governance and guidelines within which AI
operates.
"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."
As a leading employer of choice, CIBC is recognized for its
commitments and the progress made in helping team members, clients
and communities achieve their ambitions including:
- The Indigenous Reconciliation Award and the Innovation Award as
part of the 2024 Employment Equity Achievement Awards (EEAA), which
recognizes employers who demonstrate outstanding achievement in
implementing employment equity in their workplaces;
- Canada's Greenest
Employers for 2024, the third consecutive year the bank has
received this award from MediaCorp Canada which underscores CIBC's
commitment to environmental stewardship and its efforts to create a
culture of sustainability within the bank and broader
community;
- For the fourth consecutive year, CIBC has been recognized as
the top company in Canada for
gender equality in Equileap's annual Gender Equality Global Report
& Ranking. The bank also ranked among the top five companies in
North America.
About CIBC
CIBC is a leading North American financial
institution with 14 million personal banking, business, public
sector and institutional clients. Across Personal and Business
Banking, Commercial Banking and Wealth Management, and Capital
Markets and Direct Financial Services businesses, 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.
SOURCE CIBC