Associate or Director, Convertible Trader
CIBC, New York, NY, United States
Convertible Bond Trader
We are seeking a diligent, thorough, and motivated Convertible Bond Trader to join our Equity Derivative Trading team at CIBC. The ideal candidate will demonstrate a strong interest in financial markets and possess a desire to develop skills in trading, risk management, and market analysis. This role offers an excellent opportunity to learn from experienced traders and contribute to the continued success of our trading desk. How You'll Succeed: Execute convertible bond and convertible preferred trades. Work closely with middle-office and back-office teams to ensure accurate and timely trade execution, settlement, and reconciliation. Assist in the pricing and execution of convertible-related call spreads and structured notes. Monitor and analyze market conditions, including equity, credit, and interest rate movements, to identify trading opportunities. Stay updated on macroeconomic trends, regulatory changes, and market developments that may impact convertible bond markets. Monitor and manage risk exposure within the convertible bond portfolio. Collaborate with the risk management team to ensure adherence to trading strategies and risk parameters. Support sales teams in maintaining relationships with institutional clients, including hedge funds, asset managers, and proprietary trading firms. Provide clients with market insights, trade ideas, and pricing information. Work effectively within CIBC's corporate governance practices and policiesincluding Risk Management, Finance, Human Resources, Legal, and Complianceto ensure compliance with CIBC's Governance and Control Framework and regulatory requirements. Who You Are: Expert knowledge of trading and products Good macro-economic understanding of the relevant economies Degree educated, with at least 5 - 10 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 Values matter to you.
You bring your real self to work and you live our values trust, teamwork, and accountability. Conduct and Risk Culture: Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership's identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk. As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes: Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls At all times acting in accordance with our Purpose and shared values, to achieve our Bank's strategic goals Understanding and following the qualitative and quantitative components of our Risk Appetite Statements Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC's policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC's reputation as a leading financial institution What CIBC Offers: 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 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, 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: Analytical Thinking, Client Consultations, Financial Markets, Financial Modeling, Global Market, Investments, Legal Practices, Market Trading, Researching, Risk Culture
We are seeking a diligent, thorough, and motivated Convertible Bond Trader to join our Equity Derivative Trading team at CIBC. The ideal candidate will demonstrate a strong interest in financial markets and possess a desire to develop skills in trading, risk management, and market analysis. This role offers an excellent opportunity to learn from experienced traders and contribute to the continued success of our trading desk. How You'll Succeed: Execute convertible bond and convertible preferred trades. Work closely with middle-office and back-office teams to ensure accurate and timely trade execution, settlement, and reconciliation. Assist in the pricing and execution of convertible-related call spreads and structured notes. Monitor and analyze market conditions, including equity, credit, and interest rate movements, to identify trading opportunities. Stay updated on macroeconomic trends, regulatory changes, and market developments that may impact convertible bond markets. Monitor and manage risk exposure within the convertible bond portfolio. Collaborate with the risk management team to ensure adherence to trading strategies and risk parameters. Support sales teams in maintaining relationships with institutional clients, including hedge funds, asset managers, and proprietary trading firms. Provide clients with market insights, trade ideas, and pricing information. Work effectively within CIBC's corporate governance practices and policiesincluding Risk Management, Finance, Human Resources, Legal, and Complianceto ensure compliance with CIBC's Governance and Control Framework and regulatory requirements. Who You Are: Expert knowledge of trading and products Good macro-economic understanding of the relevant economies Degree educated, with at least 5 - 10 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 Values matter to you.
You bring your real self to work and you live our values trust, teamwork, and accountability. Conduct and Risk Culture: Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership's identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk. As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes: Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls At all times acting in accordance with our Purpose and shared values, to achieve our Bank's strategic goals Understanding and following the qualitative and quantitative components of our Risk Appetite Statements Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC's policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC's reputation as a leading financial institution What CIBC Offers: 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 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, 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: Analytical Thinking, Client Consultations, Financial Markets, Financial Modeling, Global Market, Investments, Legal Practices, Market Trading, Researching, Risk Culture