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STRATEGIC BUSINESS UNIT DESCRIPTION

The Quant Solutions Group (QSG) is a global, cross-asset team that builds the software and analytics that underpin the Global Markets business. The analytical software and data solutions developed by QSG are widely used across CIBC, helping the Distribution team to price trades and serve clients, Trading to manage their risk, and Structuring to identify new client opportunities. The team is split between London, Toronto, and New York, with this role being based in London.

JOB PURPOSE 

In this role, you will act as a Quantitative Analyst supporting our global Commodities business. The business trades derivative instruments on a wide range of commodity underlyings, including: energy (oil, gas and power); precious and base metals; soft commodities; and commodity indices.

The primary responsibility of the role is to implement derivatives pricing models in C++  within our core pricing library. Additionally, you will work closely with the trading desk to design and develop analytical tooling that supports the desk in understanding market dynamics and managing risk exposures.

There will be an initial focus on power modelling, and in particularly building a set of models to support power option trading.

KEY ACCOUNTABILITIES

Derivatives Pricing Model Development

• Develop, implement, and maintain derivatives pricing models for commodity products in C++.

• Collaborate with traders and quants to validate models and ensure alignment with trading needs.

Risk & Market Analysis Tools

• Build tools, using Python and/or C++, to help the trading desk analyse market conditions, risk exposures, and scenario outcomes.

• Work with the desk to identify gaps in tooling and provide innovative analytical solutions.

Stakeholder Collaboration

• Partner closely with traders, risk managers, and technology teams to translate business needs into quantitative solutions.

Technology & Data

• Work with large-scale market and risk datasets for modelling and analytics purposes.

• Ensure robust data handling, efficiency, and computational performance in all model implementations.

CROSS-FUNCTIONAL RELATIONSHIPS

This role will involve close collaboration with business stakeholders, quantitative analysts, and technology partners across CIBC Global Markets.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines, and controls.

AUTHORITIES/DECISION RIGHTS 

As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

KNOWLEDGE AND SKILLS

We are seeking a highly motivated individual with strong interpersonal and analytical skills. Although individual candidates will come from diverse backgrounds, the following specific attributes are a useful guide to the level of performance expected:

• Advanced degree in a quantitative discipline, e.g. Mathematics, Physics, Computer science, or a related field
• Prior experience of implementing commodity (ideally energy) derivatives pricing models.
• Ability to program models in C++ on Windows (required) and Linux (desirable).
• Ability to program in Python
• Proven ability to translate business requirements into technical solutions
• Excellent communication and teamwork skills
• Genuine passion for finding elegant and practical solutions to technical problems

WORKING CONDITIONS

• This role operates within a normal office environment

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]
• 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

Job Location

150 Cheapside, 2nd Flr,London

Employment Type

Regular

Weekly Hours

35

Skills

Analytical Solutions, Analytical Thinking, Business Needs, Business Requirements, C++ Programming Language, Client Consultations, Client Onboarding, Client Service, Collaborating, Communication, Customer Engagement, Design, Global Market, Identifying Opportunities, Mathematical Finance, Price Management, Pricing Models, Sales, Standard Operating Procedure (SOP), Technical Solutions, Wealth Management