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Salary 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
JOB PURPOSE
The Quant Solutions Group (QSG) is a global, cross-asset team that builds the software and analytics that underpin the Global Markets business. The analytical software developed by QSG is widely used across CIBC, helping the Distribution team to price trades and serve clients, Trading to manage their risk and Structuring to identify new client opportunities. The team is split between London, Toronto and New York, with this role being in London.
Within Global Markets we have a Structured Rates Trading desk, which structures and risk-manages non-linear Interest Rate products, including OTC derivatives and issued Notes. This desk has experienced significant growth in recent years and is continuing to expand the product set that it trades.
In this role you will work closely with senior members of the Quant Solutions Group to implement new exotic options pricing frameworks for Interest Rate products to support our growing product range. In addition, you will interact closely with Trading and Structuring desks in addition to communicating model usage and features to support functions.
KEY ACCOUNTABILITIES
- Delivery and support of new Interest Rate options pricing frameworks
- Support of Trading, Structuring and Middle Office groups.
CROSS-FUNCTIONAL RELATIONSHIPS
- This role will involve working closely with Structured Rates Trading in Global Markets
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
JOB DIMENSIONS
- Collaboration with senior quants on development and implementation of a new IR Exotics pricing framework, including obtaining validation and delivery to production.
- Ongoing interaction with trading and support groups to provide advice and technical support.
KNOWLEDGE AND SKILLS
Although individual candidates will come with diverse backgrounds, the following specific attributes are a useful guide to the level of performance expected:
- Previous experience of exotic IR models, particularly CMS structures.
- Ability to program models in C++ on Windows (required) and Linux (desirable).
- Familiarity with Monte-Carlo simulation. Experience of automatic differentiation desirable.
- Ability to work in a team, and to communicate technical issues clearly with trading and support functions.
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, Business, Client Consultations, Communication, Financial Markets, Financial Modeling, Global Market, Interest Rates, Investments, Market Trading, Middle Office, Options Pricing, OTC Derivatives, People Management, Price Management, Researching, Structuring, Teamwork, Trading Desks 
