London, GBR
2 days ago
Director, STIRT Trader
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 (https://www.cibc.com/en/about-cibc.html) **BUSINESS UNIT DESCRIPTION** CIBC Capital Markets and the Global Markets division are committed to excellence in meeting the demands of our clients and to creating exceptional value in support of their business goals. That commitment is evidenced by the manner in which we execute our trading and distribution strategies and by our delivery of asset-related products. Global Markets provides a broad range of products and services including Global Markets origination and syndication, Foreign Exchange/FXO, Cash trading (including electronic and program trading capabilities), Options, Derivatives, as well as Commodity Structured Products. Our relationship management teams ensure that our clients have access to all of our product lines across the globe. This synergistic approach to coverage among our major accounts has had a dramatic, positive impact on the dynamics within the Global Markets business. It is this highly efficient business platform, coupled with our superior research capabilities, that has brought us to the forefront of our industry. **Purpose of Job** Leveraging market and product knowledge as well as client needs within the G10 STIRT environment in order to maximize profitability within defined risk parameters. Further, acting as a centre of competence for external and internal stakeholder for G10 STIRT related products and markets. **Main Objectives** + Maintain a relevant market position pricing and risk managing the full spectrum of STIR products in G10 currencies to accommodate clients’ needs + Build and maintain a close relationship with the FX and FI sales desks + Understand and deal with client pricing requests in STIR products as and when required + Be part of the Global FX Trading team and establish a close working relationship with relevant peers within the London, Hong Kong, Toronto, and New York businesses + Keep up to date with FX and STIR market developments and communicate these insights in a timely fashion to bank peers and clients **Cross-Functional Relationships** + This job works with in-house marketers and traders; + This job works with risk functions (Credit and Market), compliance, documentation and legal; + This job works with quants on the development of new products; and + Counterparts within the financial services sectors, industry/business leaders, syndication groups, financial intermediaries and market constituents. **Skills / Knowledge Required** + Exceptional STIR market knowledge with a speciality in G10 currencies. + FX and FI product knowledge + Solid understanding of risk management, liquidity provision, pricing, managing client flow and interacting with clients + Profitable track record **Preferred Background** + Established trader with a proven track record in excess of 6 years’ experience trading STIR books, managing and taking risk, and revenue generation. **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 Mailbox.careers-carrieres@cibc.com + 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 **Job Location** 150 Cheapside, London, UK **Employment Type** Regular **Weekly Hours** 35 **Skills** Analytical Thinking, Analytical Thinking, Business, Capital Markets, Client Consultations, Communication, Derivatives, Developing Others, Financial Markets, Financial Modeling, Financial Products, Foreign Exchange (FX) Trading, Global Market, Interest Rates, Investments, Leadership, Market Knowledge, Market Liquidity, Market Trading, Operational Risks, People Management, Price Management, Product Knowledge, Profitability, Program Trading {+ 7 more} 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.
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