Quantitative Strategist, Automated Market Making job opportunity at CIBC.

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CIBC Quantitative Strategist, Automated Market Making
Experience: 10-years
Pattern: full-time
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Automated Market Making

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loacation Toronto, ON, Canada
loacation Toronto, ON....Canada

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 coordinating trading strategies with traders, data mining to determine trading parameters, and implementing strategies to enhance trading. This requires you to have strong data analysis skills, knowledge of financial markets, strong development skills, understanding of trading, and a passion for continuous improvement. You will be executing and leading research projects on quantitative strategies, developing market making and hedging models, implementing trading strategy ideas, and creating risk management tools on the equity trading platform. You will be required to provide technical solutions for other trading related requirements. Front-office role requires you to work closely with traders, developers, technology support, compliance, and vendors . You’ll work with other areas of Global Markets including other trading desks, research departments on a daily basis. Occasionally you will partner with other areas across CIBC such as: Technology/Operations to ensure proper technology support is provided; Legal/Compliance to ensure regulatory exams and general legal requirements are fulfilled; and, other areas where appropriate. At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you’ll be on-site full-time. The expected annualized base salary range for this role is $125,000 - 150,000. The base salary is determined by a variety of factors, including the candidate’s skills, experience, and job-related knowledge, as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles. In addition to base pay, compensation for this role includes participation in an annual discretionary incentive or bonus program. We are committed to providing fair, equitable, and competitive compensation opportunities for all employees and we encourage open conversations about compensation throughout the recruitment process. How You'll Succeed Research - Lead quantitative research initiatives to develop trading strategies and models to effectively take and hedge risk Analysis - Perform statistical analysis on historical market data and real-time trading flows to identify profitable trading opportunities Strategy - Develop back testing processes to quickly evaluate different trading strategies and models Solutions - Present research findings and solutions for trading processes to business leaders Modeling - Participate in model development, validation, maintenance and infrastructure monitoring and manage development cycles with CIBC Technology department Who You Are You have an undergraduate degree in Mathematics, Statistics, Computer Science, Physics or Engineering You can demonstrate 2-10 years of experience developing trading systems or strategies You have knowledge of Canadian equity market microstructure and ETFs as well as working with market data from different vendors like Bloomberg and exchanges You can demonstrate a strong understanding of concepts from probability theory, stochastic calculus and numerical analysis underpinning modern financial models You have demonstrated interest in research advancements in the areas of financial mathematics and machine learning as well as comprehensive knowledge of financial markets and products You are able to communicate advanced concepts to partners across different lines of business You are technically savvy . Experience developing applications in C++ or Python and developing insights into complex problems by analyzing large data sets with SQL Server or an equivalent database type to drive decision making You solve problems well using analytical skills and a strong attention to detail You must be a strong self-starter and able to work well independently in a dynamic business environment. You are naturally curious and passionate about solving problems with high quality solutions Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability #LI-TA 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 CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. 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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process. 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., 4th Employment Type Regular Weekly Hours 37.5 Skills Business Direction, Client Service, Communication, Customer Relationship Management (CRM), Customer Relationships, Data Analysis, Equity Derivatives, Global Market, Hiring, Interest Rate Derivatives, Market Analysis, Market Trading

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