Analyst/Associate, Commodities Trading
Canadian Imperial Bank of Commerce•New York, NY
•Onsite
About The Position
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. As a member of the Commodities Trading team, you will work in a fast-paced environment, contributing to the trading desk’s operations and assisting in trading and managing risk positions.
Requirements
- Undergraduate degree in a quantitative discipline
- 0-2 years of experience
- Comfortable with numbers and have strong analytical skills.
- Strong understanding of one or more programming languages, with a high level of proficiency in Python preferred.
- Details matter.
- Critical thinking skills help to inform your decision making.
- Love to learn.
- Passionate about growing your knowledge.
- Strong sense of curiosity.
- Goal oriented.
- Motivated by accomplishing your goals and delivering your best to make a difference.
- Find meaning in relationships and surround yourself with a diverse network of partners.
- Connect with others through respect and authenticity.
- Values matter to you.
- Bring your real self to work and you live our values – trust, teamwork, and accountability.
- Be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
Nice To Haves
- A high level of proficiency in Python is preferred.
Responsibilities
- Learn about the trading of commodities and support the trading staff across all commodity products, including energy, metals, agriculture, and index products.
- Support desk operations, including end-of-day, end-of-month, and end-of-year processes, and help automate these processes using Python and VBA.
- Contribute to the growth of the business by assisting in the onboarding of new products through established risk assessment and onboarding processes.
- Gain a deep understanding of the commodities markets and develop subject matter expertise in trading to support staff and client transactions.
- Develop trading analytics and strategies, leveraging programming and statistical analysis.
- Engage with clients to understand their priorities, provide solutions, and offer forward-looking financial plans.
- Participate in marketing and outreach activities to grow your network and deepen relationships.
- Support the trading desk in risk management of commodities positions.
- Grow into a role where you will be relied upon to quote and trade commodities risk from clients.
- Work with stakeholders in middle and back office to ensure best practices.
- Utilize various programming languages to develop trading strategies, automate processes, and perform analysis.
- Clearly communicate trade ideas and hedging solutions to the sales desk to support the client franchise.
- Meet with clients, understand their needs, and provide tailored solutions.
- Engage in outreach activities, deepen relationships, and connect clients with the right opportunities.
- Become a technology expert and help clients utilize our digital tools.
Benefits
- Medical
- Dental
- Vision
- Health Savings Account
- Life Insurance
- Disability
- Other Insurance Plans
- Paid Time Off (including Sick Leave, Parental Leave, and Vacation)
- Holidays
- 401(k)
- Competitive salary
- Incentive pay
- Banking benefits
- Benefits program
- Vacation offering
- Wellbeing support
- MomentMakers, our social, points-based recognition program
- Purpose Day; a paid day off dedicated for you to use to invest in your growth and development
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
