Senior Manager, Payments Technology at CIBC, Chicago, IL

Senior Manager, Payments Technology at CIBC in Chicago, IL. Full-time. $170,000 to $205,000 a year. Apply with swipeandhired.

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

As a member of CIBC’s team, the Software Engineering Manager is a professional responsible for managing multiple development projects, integrating vedor products and application support functions for a major line of business. The role applies professional knowledge to oversee the development, testing and implementation of organization-wide systems, directing, motivating and developing staff to maximize their individual contribution and function effectively as a team.

The Manager of Payments Technology is responsible for overseeing the day-to-day operations, development, and support of payment technology solutions. This role will manage a team of engineers and analysts, ensuring the reliable delivery and integration of payment systems such as ACH, Instant Payments, wires, SWIFT and Zelle. The ideal candidate will have hands-on experience with payment processing technologies, API integrations, and vendor platforms, and will play a key role in supporting business objectives and technology initiatives.

This role is a Hybrid role with 2-3 days required on-site per week.

KEY ACCOUNTABILITIES
Team Leadership & Development

• Manage, coach, and develop a team of engineers and analysts focused on payment technology solutions.
• Foster a collaborative and high-performance team culture.

Payments Technology Operations

• Oversee the daily operations and support of payment systems, ensuring high availability and performance.
• Coordinate incident management, problem resolution, and system monitoring for payment applications.

Project Delivery & Integration

• Lead and participate in projects to implement and enhance payment processing solutions, including SWIFT, Wire, ACH, Instant Payments, and Zelle.
• Support API enablement and integration efforts with internal and external partners.

Vendor Management

• Work closely with vendor partners such as FIS, Volante, Finastra,Intellect and other fintech providers to ensure optimal performance and service delivery.
• Support the evaluation and onboarding of new payment technology vendors.

Process Improvement

• Identify and implement process improvements to enhance the efficiency, reliability, and scalability of payment technology operations.
• Ensure compliance with regulatory requirements and industry standards.

Collaboration & Communication

• Collaborate with business, technology, and operations teams to understand requirements and deliver solutions that meet business needs.
• Communicate project status, risks, and issues to stakeholders in a timely and effective manner.

KNOWLEDGE AND SKILLS
Experience

• 10+ years of experience in payment technology, financial services, or a related field.
• Extensive knowledge of banking products, services, and industry regulations; expert understanding of current industry trends and developments; ability to influence strategic decisions using industry knowledge
• Ability to think strategically about the bank's objectives, aligning projects with broader business goals
• Experience managing or leading technical teams is preferred.
• Experience integrating new vendor products in a high volume payments processing environment
• Familiarity with vendor platforms such as FIS, Fiserv, Finastra, or other fintech payment providers.

Technical Skills

• Experience in Azure cloud technologies with .Net, AKS, Postgres/SQL server
• Experience in integration technologies like IBM MQ, Rabbit MQ, Kafka
• Experience supporting JAVA based applications.
• Hands-on experience with payment processing technologies (SWIFT, Wire, ACH, Instant Payments, Zelle).

Process & Methodology

• Working knowledge of Agile, Scrumban, or similar methodologies.
• Understanding of ITIL processes and best practices in production support.

Other Skills

• Strong analytical, problem-solving, and organizational skills.
• Excellent communication and interpersonal abilities.
• Ability to manage multiple priorities and deliver results in a fast-paced environment.

WORKING CONDITIONS
·This role operates within a normal office environment

• Hybrid
• This position does not offer visa sponsorship.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $170,000.00 - $205,000.00 for the Chicago market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
• As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

CONDUCT & CULTURE RISK
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

AUTHORITIES/DECISION RIGHTS

• As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
• As a manager of people, this job has the authority to assign tasks to employees within their span of control, select individuals for hire, assess individual performance, make employee compensation decisions and take disciplinary measures up to and including termination.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

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 [email protected]
• 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 tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

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Job Location
IL-Chicago, 70 W Madison St Fl 10
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Application Development, Application Testing, Emerging Technologies, People Management, Project Management Technology, Technical Leadership, Work Collaboratively