Executive Director, IG Credit Trader

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What You’ll Be Doing

Global Markets, Fixed Income, is seeking an Executive Director level IG Credit Trader in New York to support the overall expansion of our USD Credit Trading business. This will be a line risk taking role, with a focus on the following sectors: Canadian Banks in USD, Autos, and Captive Finance. We are seeking an experienced trader to work alongside our existing credit trading team and broaden the sector offering for our Credit Trading platform. Expanding our US Credit Trading platform is key to growing our US footprint, with focus on winning more underwriting mandates, realizing synergies with our lending books. The role will work closely with sales teams to assist in the marketing of the product to increase market share and grow the client base. This will also increase CIBC’s risk profile in this space.

The Executive Director will be responsible for planning, organizing and developing research products and actionable trade ideas; contributing to the brand of CIBC Capital Markets with the objective of attaining benchmark status in the industry; generating revenue for the firm from sales and trading, and underwriting. These objectives are accomplished by producing publications and ideas providing an analysis and summary of a wide variety of current and forecasted corporate investment information, for distribution to internal staff, borrowers and lenders.

This role operates within a normal office environment. Occasional travel will be required.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Execute trades as a market maker across specified sectors, based on analysis of current and projected market conditions.

• Manage a liability trading book within established risk parameters, with focus on profitability as well as market share.

• Utilize hedging and arbitrage strategies to minimize losses and maximize revenue where appropriate

• Provide advice to internal partners in our Syndication group, including pricing / trading levels, market insights, and credit views to facilitate growth of our DCM franchise.

• Provide liquidity on CIBC-led new issues.

• Provide added value to the clients by: developing and presenting trade ideas and opinions; identifying the relative value of products in the various markets.

• Work closely with our existing team of traders, sales and analysts as well as related desks in CAD.

• Conceive of and/or contribute to the development of new trading ideas and strategies, and ideas that will help move products while meeting client needs. Communicate same to Sales and Trading Staff on an on-going basis.

• Work