What are the responsibilities and job description for the Associate, Equity Derivatives Trading (Corporate) position at CIBC US?
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
What You’ll Be Doing
As a junior trader, you will help run and grow our Corporate/Issuer Equity Derivatives franchise. You will assist in pricing, hedging, booking, and risk-managing the full corporate product suite, including Forward Sales, Convertible-linked Call Spreads and Capped Calls, Prepaid Variable Forwards and Collars, and Accelerated Share Repurchases. Additionally, you will support institutional notes business lines such as Buy-Writes and Synthetic Convertibles.
How You’ll Succeed
At CIBC, we offer a competitive total rewards package. This role has an expected salary of $150,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
NY-New York, 300 Madison Ave Fl 5
Employment Type
Regular
Weekly Hours
40
Skills
Analytics Insights, Business, Business Direction, Client Service, Compensation Plans, End-to-End Testing, Finance, Global Market, Marketing Strategies, Portfolio Management, Sales, Structured Products
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
What You’ll Be Doing
As a junior trader, you will help run and grow our Corporate/Issuer Equity Derivatives franchise. You will assist in pricing, hedging, booking, and risk-managing the full corporate product suite, including Forward Sales, Convertible-linked Call Spreads and Capped Calls, Prepaid Variable Forwards and Collars, and Accelerated Share Repurchases. Additionally, you will support institutional notes business lines such as Buy-Writes and Synthetic Convertibles.
How You’ll Succeed
- Run the book day-to-day, supporting pricing and marks, and executing and managing delta and other hedges.
- Own the trade lifecycle end-to-end, from execution through settlement, including physical-share/144A mechanics and the segregated physical-shares account.
- Partner with the structurer and quant teams to implement new instruments and validate their pricing, booking, and lifecycle.
- Work alongside Trade and Product Control to reconcile bookings and P&L across the client, hedge, and funding legs.
- Coordinate with Financial Resources and Treasury to ensure borrow and funding costs don’t quietly erode deal P&L.
- Build the desk’s operational infrastructure—deal database, hedging and payout tools, and automated daily reporting—replacing manual workarounds with reliable, repeatable tooling.
- This is a genuine trading track: the desk lead currently holds the risk book, and the right hire will grow from managing its mechanics into taking risk as they develop. While a strong risk-taking instinct is a genuine plus, it is a secondary concern rather than the primary requirement. The ideal candidate is a resourceful junior based in New York, with exposure to corporate and equity derivatives and real trade-lifecycle fluency, who wants to sit on a desk, learn the book thoroughly, and help build the business.
- Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
At CIBC, we offer a competitive total rewards package. This role has an expected salary of $150,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
- We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
- Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
- We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
- Subject to plan and program terms and conditions
- 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.
- We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
NY-New York, 300 Madison Ave Fl 5
Employment Type
Regular
Weekly Hours
40
Skills
Analytics Insights, Business, Business Direction, Client Service, Compensation Plans, End-to-End Testing, Finance, Global Market, Marketing Strategies, Portfolio Management, Sales, Structured Products
Salary : $150,000