Director, Securities Lending

CIBC•New York, NY

2d•$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 As a key member of the Global Equities Group, the New York Securities Lending /Equity Finance Sales Trader will drive business growth and contribute to firm wide priorities and business line initiatives. Your role will sit within the existing New York Securities Lending/Equity Finance sales & trading team. Working alongside our Global Securities lending/Equity Finance team you will help support our global prime brokerage and synthetic prime expansion as well as helping structure creative solutions for our varied and ever-expanding client base such as retail, institutional, pension funds, asset managers, our internal partners in Prime, Equity Derivatives, Delta one and Fixed Income as well as external Banks and Broker dealers. How You’ll Succeed Partner and coordinate with Securities Lending/Equity Finance teams in London, Toronto, and New York to identify and execute profitable financing trading opportunities across US, Canadian, European, and Emerging markets, while continuously managing risk. Drive momentum for US expansion in Securities Lending/Equity Finance, Delta 1, Repo, Prime Brokerage, CFG, and Equity Derivatives by leveraging existing trading relationships and developing new counterparty relationships with hedge funds, agent lenders, pension funds, asset managers, and other sources of supply and funding. Possess strong understanding of Securities Lending and Equity Finance, with comprehensive knowledge of activities across equities and fixed income; encouraged to think strategically and help structure creative solutions for client short coverage and financing needs. Manage the daily Securities Lending Book, borrowing and lending global equities for a full suite of clients—including retail, institutional, pension funds, Delta One, and Prime Brokerage—ensuring the book is balanced, optimized, and aligned with market rates. Collaborate with Prime Services partners to ensure seamless client experience, generate trade ideas, provide market commentary, and support sales and client interactions. Support global Prime Brokerage expansion by marketing CIBC products and services to internal and external clients, including regular client meetings and participation in industry events and panels. Work with Operations, Technology, Compliance, Tax, Legal, Credit, and Risk teams to control, report, monitor, and manage business risk daily. Contribute to continuous improvement of trading systems and operational infrastructure to deliver front-to-back enhancements and grow the client franchise. Lead front office liaison with the technology team during the migration from Global One to SFTC as the front office trading platform.

Requirements

You put our clients first. You engage with purpose to find the right solutions. You go the extra mile because it is the right thing to do.
You are goal oriented. You are motivated by accomplishing your goals and delivering your best to be effective.
You are enthusiastic about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.
You love to learn. You are enthusiastic about growing your knowledge. You have a keen sense of curiosity.
Values matter to you. You bring your real self to work, and you live our values – trust, teamwork, and accountability.
Comprehensive knowledge of financial markets, specifically Securities Lending and Equity Finance and how and why they function, understand the full potential product suite offering and how all can be impacted by market conditions and the opportunities that can arise.
10+ years of relevant financial industry experience in a similar position (Securities Lending, Equity Finance, Repo, Prime Brokerage)
US and Canadian Securities registrations where required or commitment to attain within 3 months of start date
Ability to deliver top tier client service to a wide suite of clients including Prime Brokerage, Banks, Brokers, and Retail network.
Strong understanding of liquidity ratios and balance sheet optimisation alongside trading structure solutions.
Experienced in collateral optimisation across counterparties and triparty agent to manage different capital & liquidity constraints (LCR, NSFR, RWA etc).
Experience with Loanet, Global One, Equilend, and other external vendors.
Excellent writing and verbal communication skills, able to present complex material in a simple manner.
Ability to work as part of a team with other traders and salespeople.
Strong analytical and problem-solving skills
Ability to work well in a fast-paced environment with changing priorities
Negotiating and influencing skills to shape decision-making processes at senior levels and resolve situations where compromise solutions are often negotiated.
Creativity skills sufficient to resolve complex problems and/or identify innovative alternatives or opportunities.
Comprehensive understanding of elements of profitability, risk and cost control.
Unquestioned professionalism, ethics and reputation and proven ability to exercise strong independent judgment when making business decisions and/or representing CIBC .
Strategic thinking capability with ability to identify and exploit trends and opportunities
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

Responsibilities

Partner and coordinate with Securities Lending/Equity Finance teams in London, Toronto, and New York to identify and execute profitable financing trading opportunities across US, Canadian, European, and Emerging markets, while continuously managing risk.
Drive momentum for US expansion in Securities Lending/Equity Finance, Delta 1, Repo, Prime Brokerage, CFG, and Equity Derivatives by leveraging existing trading relationships and developing new counterparty relationships with hedge funds, agent lenders, pension funds, asset managers, and other sources of supply and funding.
Possess strong understanding of Securities Lending and Equity Finance, with comprehensive knowledge of activities across equities and fixed income; encouraged to think strategically and help structure creative solutions for client short coverage and financing needs.
Manage the daily Securities Lending Book, borrowing and lending global equities for a full suite of clients—including retail, institutional, pension funds, Delta One, and Prime Brokerage—ensuring the book is balanced, optimized, and aligned with market rates.
Collaborate with Prime Services partners to ensure seamless client experience, generate trade ideas, provide market commentary, and support sales and client interactions.
Support global Prime Brokerage expansion by marketing CIBC products and services to internal and external clients, including regular client meetings and participation in industry events and panels.
Work with Operations, Technology, Compliance, Tax, Legal, Credit, and Risk teams to control, report, monitor, and manage business risk daily.
Contribute to continuous improvement of trading systems and operational infrastructure to deliver front-to-back enhancements and grow the client franchise.
Lead front office liaison with the technology team during the migration from Global One to SFTC as the front office trading platform.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary of $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.