At a Glance
- Tasks: Lead and grow our electronic FX trading franchise with innovative strategies and market expertise.
- Company: Join a leading bank committed to inclusivity and professional growth.
- Benefits: Competitive salary, flexible hours, and opportunities for career advancement.
- Other info: Collaborate with diverse teams and enhance your skills in a dynamic environment.
- Why this job: Make a real impact in the fast-paced world of electronic FX trading.
- Qualifications: 5+ years in FX markets, strong analytical skills, and experience in eFX trading.
The predicted salary is between 100000 - 150000 £ per year.
We are seeking an experienced Electronic FX (eFX) Trader to join the Global Markets team. The successful candidate will help manage and grow the bank’s electronic FX franchise by optimizing pricing, execution quality, risk management, and client experience across all electronic channels. This is a front-office role that requires strong market expertise, quantitative aptitude, and close collaboration with quant, sales, technology, and risk functions.
Key Accountabilities
- Market making and Franchise Development
- Calibrate, monitor and manage pricing engines for spot, forwards, and NDFs
- Monitor client performance including quote quality, profitability, and client outcomes
- Develop and execute growth plan for regional franchise across all eFX products in partnership with distribution teams
- Risk and inventory management
- Manage real-time inventory, drive P&L through focused client servicing and disciplined trading strategies while adhering to risk limits
- Work alongside technology, risk and quantitative leads to improve risk oversight and governance
- Execution quality and liquidity management
- Oversee order routing, venue selection, and liquidity aggregation systems
- Data, analytics, and continuous improvement
- Working in partnership with quantitative team members across all aspects of eFX pricing and risk management
- Act as SME in partnership with Technology teams to refine pricing and hedging systems and models
- Develop, democratize and use data-driven tools to refine client, pricing and hedging analysis and reporting
- Governance and compliance
- Adhere to the FX Global Code and internal best practice policies
- Maintain compliance with all applicable regulators
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
Qualifications & Mandatory Skills and Experience
- 5+ years of experience in FX markets, including 3+ years directly in eFX trading, market making, or electronic execution
- Proven track record of franchise management and growth
- Proven ability to work alongside quants and voice trading teams in the development and application of models and analytics frameworks
- Experience with FX spot trading including market structure, execution dynamics, and electronic liquidity provision
- Strong stakeholder management skills with Sales, Technology, Market Risk, and Compliance
- Solid grasp of electronic pricing workflows including streaming and RFQ, API-based client connectivity (FIX), RFQ workflows, and streaming price distribution
- Bachelor’s degree in Finance, Economics, Engineering, Computer Science, or related field; advanced degree is an asset
Preferred Skills And Experience
- Proficiency in data analysis (Python and/or SQL); familiarity with time-series databases (e.g., kdb+/q)
- Comfort working with quantitative models (pricing, volatility surfaces, liquidity curves) and model governance
- Experience with swaps, forwards, and NDFs pricing models and risk management strategies
- Familiarity with options for risk management
- Technical experience in development of high-performance systems, large-scale data, systems optimization, and use of AI tooling
Working Conditions
This role operates within a normal office environment.
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, 1st Flr, London
Employment Type
Regular
Weekly Hours
35
Skills
- Analytical Thinking
- Analytics
- Client Consultations
- Data Analytics
- Financial Markets
- Financial Modeling
- Foreign Exchange (FX) Trading
- Foreign Exchange Market
- Global Market
- Investments
- Market Making
- Market Trading
- Price Management
- Pricing Models
- Researching
- Spot Trading
- Trading Strategies
Director, Electronic FX Trading, Global Markets employer: CIBC
CIBC is an exceptional employer that fosters a collaborative and inclusive work culture, particularly for the Director of Electronic FX Trading role in London. Employees benefit from a dynamic environment that encourages professional growth through continuous learning and development opportunities, while also enjoying competitive compensation and a commitment to work-life balance. With a focus on innovation and teamwork, CIBC empowers its staff to excel in their careers and make a meaningful impact in the global markets.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Electronic FX Trading, Global Markets
✨Tap into Campus Networks
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We think you need these skills to ace Director, Electronic FX Trading, Global Markets
Some tips for your application 🫡
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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.
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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.
