Associate or Director, Equity Derivatives Trader

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What You’ll Be Doing

We are seeking an experienced Equity Derivatives Trader to join our US Equity Derivatives Team. This is a client-facing market making role, responsible for providing liquidity, pricing, and risk management in US-listed single stock options. The successful candidate will have 2–7 years of relevant sell side experience, strong analytical and communication skills, and a client service mindset.

How You’ll Succeed

• Market Making: Provide continuous, competitive two-way pricing in US single stock options for institutional.

• Client Coverage: Serve as a primary point of contact for clients, responding to inquiries and facilitating complex options trades.

• Risk Management: Manage and hedge the desk’s risk exposures in real time, optimizing risk-adjusted returns within established limits.

• Trade Execution: Execute trades efficiently, ensuring best execution and adherence to regulatory and internal guidelines.

• Collaboration: Work closely with sales, structuring, research, and technology teams to deliver tailored solutions and market insights to clients.

• Product Knowledge: Stay current on market trends, regulatory developments, and product innovations in the US equity derivatives space.

• P&L Accountability: Monitor and report daily P&L, risk metrics, and position exposures to desk management.

• Compliance: Ensure all trading activity is in full compliance with relevant regulations and internal risk controls.

Who You Are

• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field.

• 2–7 years of sell side experience trading US single stock options, ideally in a market making or client-facing role.

• In-depth knowledge of options pricing models, volatility surfaces, and risk management.

• Strong client relationship management and communication skills.

• Proficiency with electronic trading platforms and analytical tools (e.g., Bloomberg, Excel, Python; familiarity with market making technology is a plus).

• Proven ability to work effectively under pressure in a fast-paced, team-oriented environment.

• Strong quantitative, analytical, and problem-solving skills.

• Demonstrated track record in managing risk and generating P&L.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

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Conduct and Risk Culture

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.  We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

• Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls

• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals

• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements

• Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings

• Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., H