Analyst, Commodities Trading

Job description

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 (https://www.cibc.com/en/about-cibc.html)

**What You’ll Be Doing:**

As a member of the Commodities Trading team, you will work in a fast-paced environment, contributing to the trading desk’s operations and assisting in trading and managing risk positions.

You will:

+ Learn about the trading of commodities and support the trading staff across all commodity products, including crude oil, natural gas, precious metals, index products, environmental products, and power.
+ Build and maintain client relationships related to permitted products and structures.
+ Support desk operations, including end-of-day, end-of-month, and end-of-year processes, and help automate these processes using Python and VBA.
+ Contribute to the growth of the business by assisting in the onboarding of new products through established risk assessment and onboarding processes.
+ Gain a deep understanding of the commodities markets and develop subject matter expertise in trading to support staff and client transactions.
+ Develop trading analytics and strategies, leveraging programming and statistical analysis.
+ Engage with clients to understand their priorities, provide solutions, and offer forward-looking financial plans.
+ Participate in marketing and outreach activities to grow your network and deepen relationships.

**How You’ll Succeed:**

+ **Communication:** Clearly communicate trade ideas and hedging solutions to the sales desk to support the client franchise.
+ **Risk Management:** Support the trading desk in risk management of commodities positions.

Grow into a role where you will be relied upon to quote and trade commodities risk from clients.
+ **Collaboration:** Work with stakeholders in middle and back office to ensure best practices.
+ **Technical Skills:** Utilize various programming languages to develop trading strategies, automate processes, and perform analysis.

A high level of proficiency in Python is preferred.
+ **Client Engagement:** Meet with clients, understand their needs, and provide tailored solutions.
+ **Relationship Building:** Engage in outreach activities, deepen relationships, and connect clients with the right opportunities.
+ **Leveraging Technology:** Become a technology expert and help clients utilize our digital tools.

**Who You Are:**

+ **You have a Undergraduate degree in a quantitative discipline and 0-2 years of experience.** You are comfortable with numbers and have strong analytical skills.
+ **You have a strong understanding of one or more programming languages** , with a high level of proficiency in Python preferred.
+ **You know that details matter.** You notice things that others don't.

Your critical thinking skills help to inform your decision making.
+ **You love to learn.** You're passionate about growing your knowledge.

You have a strong sense of curiosity.
+ **You’re goal oriented.** You’re motivated by accomplishing your goals and delivering your best to make a difference.
+ **You find meaning in relationships and surround yourself with a diverse network of partners.** You connect with others through respect and authenticity.
+ **Values matter to you.** You bring your real self to work and you live our values – trust, teamwork, and accountability.

#LI-TA

California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)

At CIBC, we offer a competitive total rewards package.

This role has an expected salary range of $115,000-$135,000 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

**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.
+ 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.

**Job Location**

NY-300 Madison Ave., 5th Floor

**Employment Type**

Regular

**Weekly Hours**

40

**Skills**

Accountability, Business Direction, Client Service, Communication, Critical Thinking, Data Analysis, Equity Derivatives, Global Market, Interest Rate Derivatives, Market Analysis, Market Trading, Teamwork

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them.

Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.

Required Skill Profession

Other General