What are the responsibilities and job description for the Managing Director, Treasury Trading position at CIBC?
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.
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STRATEGIC BUSINESS UNIT DESCRIPTION
The Capital Markets arm of CIBC provides integrated capital markets products, investment banking advisory services, corporate lending and top-ranked research to corporate, government, institutional and retail clients around the world. Our goal is to be the leading Capital Markets franchise in Canada and the lead relationship bank for key clients globally. CIBC Capital Markets consists of three lines of business; Global Markets, Global Investment Banking and Corporate Banking.
JOB PURPOSE
Planning, organizing and developing research products and actionable trade ideas; contributing to the brand of CIBC Capital Markets with the objective of attaining benchmark status in the industry; generating revenue for the firm from sales and trading, and underwriting. These objectives are accomplished by producing publications and ideas providing an analysis and summary of a wide variety of current and forecasted corporate investment information, for distribution to internal staff, borrowers and lenders. The role will work closely with sales teams to assist in the marketing of the product to increase market share and grow the client base. This will also increase CIBC’s risk profile in this space.
KEY ACCOUNTABILITIES
- Develop and market trade ideas to reach target market constituents
- Consult with marketers to actively promote recommendations in a very competitive, time-sensitive environment
- Ensure marketers and clients are well informed in respect to the desk’s strategic direction and approaches
- Be a key resource on regulations, processes, and procedures governing Global Markets and other areas of CIBC
- Meet or exceed P&L target
- Monitor competitor activities, market conditions and report relevant developments to Head of trading desk and other CIBC Capital Markets colleagues to jointly develop profitable client opportunities across other lines of business to maximize client coverage
- Build and maintain a network of strategic relationships of financial service, syndication groups, financial intermediaries and market constituents to gather competitive intelligence, trends and general economic data
- Work effectively within CIBC’s corporate governance practices and policies (Risk Management, Finance, Human Resources, Legal and Compliance) to ensure compliance with CIBC’s Governance and Control Framework and regulatory requirements
KNOWLEDGE AND SKILLS
- Expert knowledge of trading and products
- Good macro-economic understanding of the relevant economies
- Degree educated, with at least 15 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
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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $400,000 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 contactMailbox.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.
- 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
Business, Equity Funding, Financial Analysis, Global Market, Investment Strategies, Market Intelligence, Market Trading, Research Reporting, Results-Oriented, Strategic ResearchSalary : $400,000
