Director, GBP SSA Trader | London, UK

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.

STRATEGIC BUSINESS UNIT DESCRIPTION

The goal of CIBC's Capital Markets business is to be the premier client-focused wholesale bank based in Canada. To deliver on this, the Capital Markets arm of CIBC provides a wide range of credit, capital markets, investment banking, and research products and services to government, institutional, corporate, and retail clients across the globe. London Fixed Income and Rates focuses on international distribution of our core strengths in bonds and IRS trading.

JOB PURPOSE

The Global Rates & GMF Group offers fixed income securities, interest rate derivatives, collateral financing, and securitization products to CIBC's top-tier clients. This group is composed of 7 line of businesses including Bond Trading, Interest Rate Derivatives, Interest Rate Options, Capital Market Positioning, Global Collateral Financing, Money Market, and Securitization. As a member of this group, the Director trader will provide liquidity in fixed income products with particular concentration in SSAs to our wide array of customers, manage the risk inherent to market making of these securities, and support the distribution efforts across the globe.

KEY ACCOUNTABILITIES

• Responsible for making markets to CIBC customers in SSA and covered bonds, concentrating in GBP, and acting as a backup in USD and CAD.
• Manage risk in a portfolio of securities used for the purpose of market making.
• Operate within risk limits assigned while achieving profitability targets.
• Work closely with sales to deliver liquidity in Government and SSA securities.
• Work closely with the origination teams to aid them in fee-generating primary deals.
• Partner with fellow traders on the desk to manage risk and offer hedges for financial solutions.
• Participate in client-facing activities to promote the capabilities and services of the bank.
• Support the sales efforts of the International distribution group as well as supporting the trading teams in North America.

KNOWLEDGE AND SKILLS

• Degree educated (preferably MBA/MSc or equivalent), with a minimum of 3 years experience within the industry.
• Comprehensive knowledge of financial markets, in particular Fixed Income and Interest Rates.
• Knowledge of various legal and regulatory requirements within the financial services industry.
• Excellent interpersonal and relationship-building skills in order to develop, manage and leverage relationships with clients, internal and/or external business partners.
• Significant presentation/interactive skills sufficient to clearly articulate complex conceptual information/ideas on issues involving extensive interpretation and opinion.
• Proven ability to develop viable product ideas and to lead product development process from idea generation through to closing. Strong project management skills.
• Highly developed communication skills, both oral and written, sufficient to convey complex factual and conceptual information on issues requiring detailed explanation and interpretation.
• Demonstrated commitment to client satisfaction.
• High level leadership, management and motivational skills.

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, London, UK

Employment Type
Regular

Weekly Hours
35

Skills
Analytical Thinking, Business Finance, Capital Markets, Client Consultations, Client-Focused, Communication, Financial Markets, Financial Modeling, Fixed Income Investments, Fixed Income Products, General Management, Global Market, Ideation, Interest Rate Derivatives, Interest Rates, Interpersonal Relationships, Investment Banking, Investments, Leadership, Market Liquidity, Market Making.