Associate/Director, Index Quantitative Analyst (Global Markets)

Canadian Imperial Bank of Commerce•New York, NY

9d•$150,000 - $225,000

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. To learn more about CIBC, please visit CIBC.com What You’ll Be Doing: CIBC’s Global Markets division is seeking to hire an Index Quantitative Analyst at the Associate or Director level to support the continued growth and innovation of our index business. This role will be responsible for developing, implementing, and maintaining quantitative models, working on tight timescales to respond to client requests and to ensure efficient and accurate risk management. The successful candidate will collaborate closely with trading, structuring, quant and technology teams. This position is critical to ensuring CIBC remains competitive and successful in this evolving market by leveraging quantitative techniques and close interaction with the business. How You’ll Succeed: Quant implementation of index strategies, so that they can be traded and risk-managed. Strategies include: New indexes developed internally. Replication of external indexes, developed by third parties. Collaboration with Structuring to establish index rules, replicate backtests, and provide quantitative support. Support for the index trading desks, including understanding risks and troubleshooting discrepancies. Investigation of mismatches or other failures in index daily calculations.

Requirements

Higher-level degree in numerical or financial subject.
High level of familiarity with Excel.

Nice To Haves

Experience in coding, e.g. Python, C#, C++.
2+ years’ experience in a derivatives- or index-related role at a bank or other financial institution.

Responsibilities

Quant implementation of index strategies, so that they can be traded and risk-managed.
Strategies include: New indexes developed internally.
Replication of external indexes, developed by third parties.
Collaboration with Structuring to establish index rules, replicate backtests, and provide quantitative support.
Support for the index trading desks, including understanding risks and troubleshooting discrepancies.
Investigation of mismatches or other failures in index daily calculations.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $150,000-$225,000 for the New York, NY 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 also may 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.
Candidates hired to work in other locations will be subject to the pay range associated with that location.
Additional total compensation and benefits details will be provided during the hiring process.
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