At a Glance
- Tasks: Leverage quantitative skills to enhance CIBC's electronic trading in FX products.
- Company: Join CIBC, a leader in innovative financial solutions.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic office environment with a focus on teamwork and innovation.
- Why this job: Make an impact in eTrading while collaborating with global teams.
- Qualifications: Experience in eFX trading, data analytics, and programming languages like Python or Java.
The predicted salary is between 60000 - 80000 £ per year.
Leverage quantitative, product and market knowledge, along with Sales, Trading and Client needs in an eTrading environment in order to build and enhance CIBC's electronic trading offering across the full suite of FX products. This role involves utilizing current techniques in data and analytics, including traditional and AI-driven approaches; real-time pricing and hedging strategies; and working alongside Clients, Sales and Trading to deliver revenue-generating, customer focused initiatives.
Key Accountabilities
- Develop and maintain eFX pricing and hedging strategies across linear products, including fundamental analytics, microstructure modelling and real-time algorithms.
- Contribute to FX eTrading Analytics systems covering market conditions, liquidity and price benchmarking, execution performance, client performance and sales and trading activity.
- Build and maintain a close relationship with FX sales and trading teams, including institutional, corporate and retail sales groups across our global locations including Toronto, New York, London and Hong Kong.
- Build and maintain a close relationship with Technology, Global Markets Quants, and with second-line partners, to influence and ensure alignment with strategic initiatives across the wider business.
- Keep up to date with FX eTrading techniques, tools and developments, including regulatory aspects and create and communicate opportunities across stakeholder groups.
CROSS-FUNCTIONAL RELATIONSHIPS
- This job works with in-house trading, sales/marketing, and quant teams.
- This job works with risk functions (Credit and Market), compliance, documentation and legal.
- This job works extensively with Technology teams, with a focus on FX eTrading systems, data and analytics, and low-latency market making.
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.
AUTHORITIES/DECISION RIGHTS
As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
Knowledge And Skills
- Applied experience of eFX Trading including pricing and hedging strategies, ideally with experience within a team running proprietary or arbitrage style electronic trading activities.
- Applied knowledge of Data and Analytics, including the use of traditional and AI-driven techniques. This should include working directly with data captures, databasing systems (kdb/q preferred), and analytical frameworks (python, R, or equivalents), and ideally, application to portfolio analysis.
- A deep understanding and experience in working with hedging, risk management or price discovery and price-generation systems, ideally with a history of implementing/maintaining and deploying production systems.
- Requires knowledge of C++/Java or equivalent languages, ideally with experience of real-world eFX systems.
- A strong understanding of FX products, their risk characteristics and quantitative models, market dynamics and hedging strategies, this should include spot, NDF and swaps/STIRT products.
Working Conditions
This role operates within a normal office environment and is an in-office role.
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
Analytics, Business, Business Processes, Client Service, Communication, Data Analysis, Electronic Trading, Equity Derivatives, eTrading, Global Market, Interest Rate Derivatives, Market Analysis, Market Trading, Quantitative Models
Associate III, eFX Quants employer: CIBC
CIBC is an exceptional employer that prioritises a relationship-oriented culture, empowering its employees to make meaningful contributions while fostering their professional growth. Located in the vibrant city of London, our team enjoys a collaborative work environment, comprehensive benefits, and opportunities to engage with cutting-edge technology in the financial sector, ensuring that every member feels valued and supported in their career journey.
StudySmarter Expert Advice🤫
We think this is how you could land Associate III, eFX Quants
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like CIBC. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate III, eFX Quants
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to CIBC.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on CIBC's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at CIBC
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with CIBC.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at CIBC will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former CIBC employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
