Trader, Active Equities
17 hours ago
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
**Job Description**:
WHAT YOU’LL BE DOING
CIBC Asset Management is one of Canada's largest asset management firms with approximately $191 billion in assets under management. We are leaders in providing a broad range of high-quality global investment management solutions to retail and institutional clients.
Under the supervision of the Senior Trader, the Trader, Active Equities, will collaborate with the trading team to execute orders across a range of active investment products. They will contribute to the overall implementation and execution of the Active Equities strategies within client investment policy guidelines. The incumbent will work closely with the investment team and under the supervision of Senior Traders to source and execute trades using a variety of strategies, technologies, and market intelligence. The incumbent will also participate in fulfilling the commission targets in accordance with guidelines from the Commission Allocation Budget Process.
Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
HOW YOU’LL SUCCEED
Trading and Best Execution- Add value in management of funds through best execution of purchases and sales of securities based on instructions from Portfolio Managers and/or Senior Trader, and also within defined discretionary guidelines.- With guidance from Senior Traders, the incumbent will provide market intelligence based on lead use of pre-trade analytics and knowledge of markets and instruments, to PM's, Associates and Analysts to adequately select best counterparties and execution venues.- Ongoing effective and timely delivery of market sentiment, trading environment, trading volume and price volatility, news flow, trade flows (liquidity) and Broker Research-Primary and Secondary Markets, to portfolio managers and analysts.- Execute basket trades.
Commissions- Implement and drive best usage of commission allocation to brokers under guidelines and ranking from Commission Allocation Budget Process.- Daily Monitoring of schedule.- Provide ongoing rationale for the implementation process.- Monitor and Implementation of Soft Dollars and Commission Recapture Programs.- Support Trading Operations both Mid Office and Global Ops to achieve Settlement Efficiencies.
Algo Usage- Work with trading team to utilize algo’s and algo wheels in situations that would increase process efficiencies.- Participate in quarterly reviews with algo providers and best execution team to review performance and look for improvements.
Other Responsibilities- Provide feedback, if needed, to the Head of Trading, Head of Equities or CIO.- Remain current and up to date on all new Trading trends, systems and happenings impacting the Global Markets.- Provide required information for Business Controls review.- Participate in Transition Management and Special Projects.- Avoid all negative reputational and financial impacts to CAM and CIBC through Risk Management.- Minimize all trade errors -ensure escalation to resolution.- Strict adherence to trading order procedures, compliance and regulatory requirements.- Ensure all procedures are adhered to directly and by colleagues.- All settlement issues are addressed immediately and monitored and escalated to resolution.- Collaborate or lead issues resolution related to trades issues with Middle Office or Global Ops.- Add new measures to minimize risk as required.- Participate and oversee error log reporting and daily trade checks.
WHO YOU ARE- You love to learn. You’re passionate about growing your knowledge. You have a strong sense of curiosity.- You’re motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team t hat enjoys working together can bring a vision to life.- You know that details matter. You notice things that others don’t. Your critical thinking skills help to inform your decision making.- You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.- Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.- Undergraduate or graduate university degree, preferably in Economics, Finance or Commerce.- Canadian Security Course (CSC) is required, Derivatives Fundamentals and Options Licensing Course (DFOL) & CFA also an asset.- Minimum 10 years' experience in wealth management, trading or closely related field.- Experience with
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