Associate or Director, Convertible Trader

CIBC•New York, NY

1d•Onsite

About The Position

We are seeking a diligent, thorough, and motivated Convertible Bond Trader to join our Equity Derivative Trading team at CIBC. The ideal candidate will demonstrate a strong interest in financial markets and possess a desire to develop skills in trading, risk management, and market analysis. This role offers an excellent opportunity to learn from experienced traders and contribute to the continued success of our trading desk.

Requirements

Expert knowledge of trading and products.
Good macro-economic understanding of the relevant economies.
Degree educated.
At least 5 - 10 years’ experience in desk’s specific area of Trading.
Strong knowledge of financial markets, credit and market risk in order to effectively structure trades and to evaluate risk.
Strong interpersonal and impact and influence skills in order to capitalize on business opportunities.
Demonstrated commitment to client satisfaction.
In-depth understanding of governance and regulatory requirements.
Bring your real self to work and live our values – trust, teamwork, and accountability.
Legally eligible to work at the location(s) specified.
Where applicable, must have a valid work or study permit.

Responsibilities

Execute convertible bond and convertible preferred trades.
Work closely with middle-office and back-office teams to ensure accurate and timely trade execution, settlement, and reconciliation.
Assist in the pricing and execution of convertible-related call spreads and structured notes.
Monitor and analyze market conditions, including equity, credit, and interest rate movements, to identify trading opportunities.
Stay updated on macroeconomic trends, regulatory changes, and market developments that may impact convertible bond markets.
Monitor and manage risk exposure within the convertible bond portfolio.
Collaborate with the risk management team to ensure adherence to trading strategies and risk parameters.
Support sales teams in maintaining relationships with institutional clients, including hedge funds, asset managers, and proprietary trading firms.
Provide clients with market insights, trade ideas, and pricing information.
Work effectively within CIBC’s corporate governance practices and policies—including Risk Management, Finance, Human Resources, Legal, and Compliance—to ensure compliance with CIBC’s Governance and Control Framework and regulatory requirements.
Conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture.
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, and where applicable, assist in the resolution of same.
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.