Associate or Director, Equity Derivatives Trader

CIBC•New York, NY

4d•$150,000 - $225,000

About The Position

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 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. #LI-TA 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., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution California residents — your privacy rights regarding your actual or prospective employment At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000-$225,000 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.

Requirements

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.

Responsibilities

Provide continuous, competitive two-way pricing in US single stock options for institutional.
Serve as a primary point of contact for clients, responding to inquiries and facilitating complex options trades.
Manage and hedge the desk’s risk exposures in real time, optimizing risk-adjusted returns within established limits.
Execute trades efficiently, ensuring best execution and adherence to regulatory and internal guidelines.
Work closely with sales, structuring, research, and technology teams to deliver tailored solutions and market insights to clients.
Stay current on market trends, regulatory developments, and product innovations in the US equity derivatives space.
Monitor and report daily P&L, risk metrics, and position exposures to desk management.
Ensure all trading activity is in full compliance with relevant regulations and internal risk controls.