Quantitative Strategist, Automated Market Making

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

You will be joining the team as an experienced detail-oriented professional, collaborating closely with traders to design and implement trading strategies, leveraging data analysis to define key trading parameters and drive continuous improvement.

You will lead quantitative research initiatives for trading, market‑making and hedging models, and risk management tools for the equity trading platform. The role involves delivering technical solutions to support trading requirements and collaborating closely with technology, compliance, and other stakeholders. You will work daily with teams across Global Markets, including trading desks and research groups, and periodically partner with Technology/Operations and Legal/Compliance to ensure robust system support and adherence to regulatory requirements.

You will apply your experience and subject‑matter expertise to support colleagues and contribute new perspectives. The role involves proactively identifying opportunities to improve existing processes and strategies, developing new approaches where appropriate, and independently driving enhancements. You will also identify and address operational and analytical bottlenecks to improve efficiency and effectiveness across the platform.

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. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles.
In addition to base pay, compensation for this role includes participation in an annual discretionary incentive or bonus program.
We are committed to providing fair, equitable, and competitive compensation opportunities for all employees and we encourage open conversations about compensation throughout the recruitment process.

How You'll Succeed

• Research - Lead the development and implementation of quantitatively driven trading strategies.

• Analysis - Perform statistical analysis on historical market data and real-time order flow data to identify profitable trading opportunities

• Strategy - Develop back testing processes to quickly evaluate different trading strategies and models

• Solutions - Present research findings and solutions for trading processes to business leaders

• Modeling - Participate in model development, validation, maintenance and infrastructure monitoring and support the development cycles with CIBC Technology department

Who You Are

• You have an undergraduate or master’s degree in Mathematics, Statistics, Computer Science, Physics or Engineering

• You can demonstrate 3-10 years of experience developing trading systems, trade execution strategies or alpha-driven trading strategies

• You can demonstrate a strong understanding of concepts from probability theory, statistics 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

• It is a benefit if you have knowledge of Canadian equity market microstructure and ETFs as well as working with market data from different vendors like Bloomberg and exchanges

• You are able to communicate advanced concepts to partners across different lines of business

• You are technically savvy. Experience developing applications in C++ or Python and developing insights into complex problems by analyzing large data sets with SQL Server or an equivalent database type 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 you live our values - trust, teamwork, and accountability

#LI-TA

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*, defined benefit pension plan*, an employee share purchase plan, 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 [email protected]

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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.

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