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CIBC plans to hire for 200 new data and AI roles over the next 12 months

August 9, 2024

Hiring Initiative:
- CIBC, Canada’s fifth-largest chartered bank, plans to hire over 200 data and AI professionals within the next 12 months.
Strategic Focus:
- The goal is to upgrade the bank’s AI capabilities and enhance customer and team member experiences.
- The new roles will focus on developing “resilient and trustworthy AI solutions” across the bank.
AI Governance and Use Cases:
- CIBC aims to strengthen its AI governance and explore various AI use cases, including recent pilot programs with Generative AI functionality.
Historical AI Integration:
- The bank has a history of integrating AI into key functions such as fraud detection, information security, and advanced risk management.
Leadership Statement:
- Christina Kramer, CIBC’s group head of technology, infrastructure, and innovation, emphasized that the current momentum in AI will support the bank’s client-focused growth strategy.