Canadian Imperial Bank of Commerce (CIBC) is hiring a Convertible Trader

The Canadian Imperial Bank of Commerce (CIBC) is looking for a Convertible Trader to join our Equity Derivative Trading team. This role offers a significant opportunity to develop your trading and risk management skills while contributing to the desk's success. You'll collaborate closely with experienced traders and support institutional client relationships in a dynamic market environment.

What You'll Do

• 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 policies—including Risk Management, Finance, Human Resources, Legal, and Compliance—to ensure compliance with CIBC’s Governance and Control Framework and regulatory requirements.

What We're Looking For

• Expert knowledge of trading and products.
• Good macro-economic understanding of the relevant economies.
• A degree and 5-10 years of experience in a desk’s specific area of Trading.
• Strong knowledge of financial markets, credit, and market risk to effectively structure trades and evaluate risk.
• Strong interpersonal and impact and influence skills to capitalize on business opportunities.
• Demonstrated commitment to client satisfaction.
• In-depth understanding of governance and regulatory requirements.
• You bring your real self to work and live our values of trust, teamwork, and accountability.

Team & Environment

You will be part of the Equity Derivative Trading team, where you will learn from experienced traders and contribute to a culture of collaboration and disciplined risk management.

Benefits & Compensation

• Competitive salary range of $150,000-$225,000 for the New York, NY market, based on experience, qualifications, and location.
• Incentive pay.
• Medical, Dental, Vision coverage.
• Health Savings Account.
• Life Insurance, Disability, and Other Insurance Plans.
• Paid Time Off, including Sick Leave, Parental Leave, and Vacation.
• Holidays.
• 401(k).
• Banking benefits and Wellbeing support.
• MomentMakers, our social, points-based recognition program.
• Purpose Day; a paid day off for you to invest in your growth and development.

Work Mode

This position is based in New York, NY, operating in a local-city work mode.

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 provide an accessible candidate experience.