Associate, STIR Trading

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CIBC Capital Markets and the Global Markets division are committed to excellence in meeting the demands of our clients and to creating exceptional value in support of their business goals. That commitment is evidenced by the manner in which we execute our trading and distribution strategies and by our delivery of asset-related products. Global Markets provides a broad range of products and services including Global Markets origination and syndication, Foreign Exchange/FXO, Cash trading (including electronic and program trading capabilities), Options, Derivatives, as well as Commodity Structured Products. Our relationship management teams ensure that our clients have access to all of our product lines across the globe. This synergistic approach to coverage among our major accounts has had a dramatic, positive impact on the dynamics within the Global Markets business. It is this highly efficient business platform, coupled with our superior research capabilities, that has brought us to the forefront of our industry

The Associate, STIR Trader is a professional responsible for providing a broad range of analytical and research support to the team, assisting with projects such as pricing, booking of deals, and daily funding of specific departments. The role utilizes diverse methods and skills to contribute to department planning, connecting people and networks, and drawing on the Bank’s broader team and supporting our community. The Associate, STIR Trader makes decisions on moderately complex issues, exercising independent judgement to make recommendations to management on improved approaches to accomplish objectives. The role supports client relations by providing access and colour to various STIR markets.

Key accountabilities of the role include:

• Contribute towards maintaining and helping to grow the STIR business in London, focusing on European currency pairs.

• Build and maintain a close relationship with the sales desk.

• Assist the senior traders within the STIR team with risk management and administrative tasks.

• Be part of the global STIR team and establish a close working relationship with relevant peers within the London, Hong Kong and Toronto businesses.

• Keep up to date with market developments and communicate these insights in a timely fashion.

• Carry out administrative tasks as and when required to ensure smooth continuance of business.

• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

• Some knowledge of FX and interest rate products.

• An eagerness to learn and understand risk management, liquidity provision, pricing risk, managing client flow and interaction with clients.

• Ambitious individual who desires to be part of a small, yet dynamic team and has the drive to embrace a steep learning curve.

• Possess  the  ability  to  embrace  the  necessary  responsibilities  and  develop  the  skills  to  become  a profitable trader making significant contributions to the desk and business as a whole.

• This is an entry-level trading role ideally suitable for a candidate with up to 2 years of trading experience or equivalent thereof.

• This role operates within a normal office environment with little exposure to adverse working 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

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