Director, Electronic FX Trading, Global Markets

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

JOB PURPOSE 

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 will 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 [email protected]
• 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

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