Not a great opportunity - Letter of Credit Officer CIBC Employee Review

1.0
Jul 12, 2016
Recommend
CEO approval
Business Outlook

Pros

Few good benefits. 3-week vacation + 1 week non-paid vacation

Cons

Very cheap corporation. Makes you work for 3 people. At the same time they thank for results, they move the dept. to a warehouse to lower costs. Senior management looks like has no clue about the operations, or prefers to ignore it. Junior management reads positive thinking phrases on morning meetings to motivate the overloaded staff. Prefers to check desks cleanliness to face/solve the real problems. Management relays on gossip to evaluate work individually. No yearly adjustments by inflation (yes, every year you make less money). Complaints if you get sick. No great career opportunities in Montreal.

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5.0
Jun 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Good flatform to do holistic financial planning for clients. Stock purchase plan with company matching

Cons

There is no commission anymore.

1.0
Jul 1, 2026
Recommend
CEO approval
Business Outlook

Pros

The NY location is close to Grand Central Station

Cons

Slow Canadian culture that finds it challenging to meet US regulatory standards. Executives play favorites and gaslight employees, if you voice your opinion, they either silence you or try to manage you out with exaggerated "performance issues"

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