Executive Director, Global Markets

CIBC•New York, NY

2d•$275,000•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. To learn more about CIBC, please visit CIBC.com What You’ll Be Doing The Executive Director for U.S. Treasury Trading will sit within the U.S. Treasury team as a part of the Fixed Income and Currencies group. He/she works to execute transactions within the US Region’s trading floor. How You’ll Succeed Make markets in U.S. Treasury bills and notes for internal and external inquires Responsible for generating revenues and tracking P&L for the team and the desk Communicate desk ideas and views both internally and externally via daily written pieces as well as through direct contact with accounts Contribute to trade idea generation, technical analysis and historical modeling for the desk Identify and execute proprietary trading positions that best utilize desk balance sheet and risk limits in order to generate PNL Work with our global sales team to strengthen relationship with our global clients and with our global trading team Work with our technology and quant teams to improve our pricing models Who You Are Strong interpersonal and communication skills (particularly verbal) with particular ability to translate technical complex issues. Excellent negotiation and mediation skills are highly desirable. Requirement to liaise with senior trading room business managers on sensitive issues relating to the profitability of transactions and with respect to ensuring the continuing adherence to credit and market policies and procedures. Knowledge of trading room activities, specifically derivative products and a familiarity with a trading environment. Requirement to anticipate the impact of changing markets (FX rates, interest rates, credit spreads etc.) on transactional credit exposure and required returns and to initiate and oversee the necessary analysis. Knowledge of credit and market risk terminology and the associated credit and market management processes. Practical risk analysis experience. Familiarity with methodologies for quantifying and analyzing market and credit risks, good knowledge of relevant systems/programming issues. Comprehensive understanding of key finance/investment management concepts as well as strong skills in analytical research and pricing/statistical modeling. Strong analytic, problem-solving, conceptualization and strategic thinking skills. Ability to work independently within a matrix reporting environment, but also capable of functioning as part of a team; open to new approaches/ideas. Excellent time management skills: ability to effectively manage multiple projects of varying complexity. Provide efficient response to time sensitive demands. Ability to perform under pressure. PC, programming and database skills. Knowledge of VB, C++ or Bloomberg API would be helpful California residents — your privacy rights regarding your actual or prospective employment At CIBC, we offer a competitive total rewards package. This role has an expected salary of $275,000 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. What CIBC Offers 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 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. We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us. Job Location NY-300 Madison Ave., 5th Floor Employment Type Regular Weekly Hours 40 Skills Analytical Thinking, Customer Engagement, Financial Modeling, Global Market, Hiring, Investments, Leadership, Market Trading, Planning Ability, Process Improvements, Researching, Solution Strategies At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.

Requirements

Strong interpersonal and communication skills (particularly verbal) with particular ability to translate technical complex issues.
Excellent negotiation and mediation skills are highly desirable.
Requirement to liaise with senior trading room business managers on sensitive issues relating to the profitability of transactions and with respect to ensuring the continuing adherence to credit and market policies and procedures.
Knowledge of trading room activities, specifically derivative products and a familiarity with a trading environment.
Requirement to anticipate the impact of changing markets (FX rates, interest rates, credit spreads etc.) on transactional credit exposure and required returns and to initiate and oversee the necessary analysis.
Knowledge of credit and market risk terminology and the associated credit and market management processes.
Practical risk analysis experience.
Familiarity with methodologies for quantifying and analyzing market and credit risks, good knowledge of relevant systems/programming issues.
Comprehensive understanding of key finance/investment management concepts as well as strong skills in analytical research and pricing/statistical modeling.
Strong analytic, problem-solving, conceptualization and strategic thinking skills.
Ability to work independently within a matrix reporting environment, but also capable of functioning as part of a team; open to new approaches/ideas.
Excellent time management skills: ability to effectively manage multiple projects of varying complexity.
Provide efficient response to time sensitive demands.
Ability to perform under pressure.
PC, programming and database skills.

Nice To Haves

Knowledge of VB, C++ or Bloomberg API would be helpful

Responsibilities

Make markets in U.S. Treasury bills and notes for internal and external inquires
Responsible for generating revenues and tracking P&L for the team and the desk
Communicate desk ideas and views both internally and externally via daily written pieces as well as through direct contact with accounts
Contribute to trade idea generation, technical analysis and historical modeling for the desk
Identify and execute proprietary trading positions that best utilize desk balance sheet and risk limits in order to generate PNL
Work with our global sales team to strengthen relationship with our global clients and with our global trading team
Work with our technology and quant teams to improve our pricing models