Quantitative Strategist, Automated Market Making

Quantitative Strategist, Automated Market Making

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We’re building a relationship‑oriented bank for the modern world. We need talented, passionate professionals dedicated to doing what’s right for our clients.

In this role, you will coordinate trading strategies with traders, mine data to determine trading parameters, and implement strategies to enhance trading. It requires strong data analysis skills, knowledge of financial markets, development skills, an understanding of trading, and a passion for continuous improvement.

You will execute and lead research projects on quantitative strategies, develop market‑making and hedging models, implement trading‑strategy ideas, and create risk‑management tools on the equity trading platform. You will provide technical solutions for trading related requirements. As a front‑office role, you’ll work closely with traders, developers, technology support, compliance, vendors, and other Global Markets teams.

• Lead quantitative research initiatives to develop trading strategies and models to effectively take and hedge risk.
• Perform statistical analysis on historical market data and real‑time trading flows to identify profitable trading opportunities.
• Develop back‑testing processes to quickly evaluate different trading strategies and models.
• Present research findings and solutions for trading processes to business leaders.
• Participate in model development, validation, maintenance and infrastructure monitoring, and manage development cycles with the CIBC Technology department.

• 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 and experience working with market data from different vendors such as Bloomberg and exchange feeds.
• 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 with experience developing applications in C++ or Python and analyzing large data sets with SQL Server or an equivalent database 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 live our values – trust, teamwork and accountability.

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. In addition to base pay, compensation includes participation in an annual discretionary incentive or bonus program.

• Competitive salary, incentive pay, banking benefits, a benefits program, defined benefit pension plan, an employee share purchase plan, vacation offering, wellbeing support, and Moment Makers, our social, points‑based recognition program.
• State‑of‑the‑art spaces and a technological toolkit that makes it simple to bring together great minds to create innovative solutions that make a difference for our clients.
• A culture where you can express your ambition through initiatives such as Purpose Day, a paid day off dedicated to your growth and development.
• Subject to plan and program terms and conditions.