Analyst, ETF Trading

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

You will be part of the ETF Trading Services team within CIBC Capital Markets. The role is based in a front office environment, working in close collaboration with traders, quantitative analysts, and developers. The primary focus is on executing daily, weekly, and monthly activities that support the efficient operation of the trading desk. Key responsibilities include developing and delivering reporting tools, preparing regular reports, and compiling trading statistics related to revenue, foreign exchange requirements, spread monitoring, market share, and risk. The role also involves overseeing the ETF creation and redemption process, which encompasses order submission, tracking, managing equity hedge and FX trade timing and volume requirements, performing NAV calculations, and monitoring creation and redemption confirmations. Additionally, the position requires validating pricing, spreads, and hedge methodologies to facilitate electronic market making for ETFs, CDRs, and other related products. Effective collaboration with settlements, risk, middle office, and other teams is essential to ensure timely and accurate responses to queries, supporting complete trade settlement. The role further includes preparing ETF investment penetration reports and identifying opportunities to expand ETF coverage. For the right candidate, there is an opportunity to transition into a trading role in the future upon completion of appropriate training.

Note: We’re open to hiring an Associate for this role based on the candidate’s level of experience.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You'll Succeed

• Passion for financial markets – Demonstrate strong technical, quantitative, and analytical skills, with a keen interest in the financial markets and proven record of academic success, teamwork and extracurricular involvement.

• Process oriented – Present detailed analysis, financial modeling, structuring, and research to support senior professionals and help to identify opportunities to win business, execute transactions, automate and optimize existing processes and develop new business.  A high-level of attention to detail is essential.

• Communication – Partner with your team to make an impact by applying an analytical skillset to help generate insights and/or optimize processes. Showcase highly effective written, oral and presentation skills with an ability to explain complex concepts.

• Relationship management – Provide excellent interpersonal skills with a proven ability to contribute to high-performance teams and demonstrate commitment to acting with integrity.

• You’re Driven to Succeed – You are a candidate that excels in a fast-paced and challenging environment who relishes the opportunity to learn all aspects of the business.  You look to succeed in everything that you do and bring focus and attention to detail to all tasks large and small. 

Who You Are

An individual who has a passion for financial markets; analytical and curious who enjoys solving complex problems and has a keen attention to detail, seeing things others may not. You will want to apply your knowledge and skills in a fast-paced environment bringing together your passion and experience to support the trading team and engage with other areas of the business to improve processes.  You will want to learn from others, accept suggestions and direction and bring a team focused attitude with a sense of humility and want to contribute at the highest level to the success of the team.

• You have a strong academic background. You have graduated with a university degree in finance, economics, business, or STEM subject.  You have a high GPA or equivalent.

• You have relevant industry knowledge. You are highly motivated and have a keen interest in pursuing a career in the financial services industry with at least 2 years of relevant industry experience.

• You're digitally savvy. You have proficient technical skills and can demonstrate experience using Excel and Python. It’s an asset if you have experience using SQL and Power BI.

• You are a strong communicator. Excellent interpersonal and oral communications skills. Proficient in producing high quality, easily readable documentation.

• You look beyond the moment. As you solve problems and learn new ideas, you take the opportunity to explore innovative ideas and approaches.

• You keep compliance in focus. As an employee of CIBC, you must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

• You're motivated by collective success. You will work closely with all team members who will provide guidance, training and support

• You have a passion for continuous learning

• You have unquestioned professionalism, ethics and reputation

• You have completed Canadian Securities Courses. Completion of the CSC, Trader Training Course and Conduct and Practices Handbook Course is mandatory.  It is an asset if you have already completed these courses, but it is not required.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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*, defined benefit pension plan*, an employee share purchase plan, 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 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.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, 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

Toronto-161 Bay St., 5th

Employment Type

Regular

Weekly Hours

37.5

Skills

Business, Business Direction, Capital Markets, Client Service, Communication, Data Analysis, Equity Derivatives, Global Market, Interest Rate Derivatives, Market Analysis, Market Trading