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We are seeking an experienced Electronic FX (eFX) Trader to join the Global Markets team. The successful candidate will help manage and grow the bank’s electronic FX franchise by optimizing pricing, execution quality, risk management, and client experience across all electronic channels. This is a front-office role that requires strong market expertise, quantitative aptitude, and close collaboration with quant, sales, technology, and risk functions.
Market making and Franchise Development
Calibrate, monitor and manage pricing engines for spot, forwards, and NDFs
Monitor client performance including quote quality, profitability, and client outcomes
Develop and execute growth plan for regional franchise across all eFX products in partnership with distribution teams
Risk and inventory management
Manage real-time inventory, drive P&L through focused client servicing and disciplined trading strategies while adhering to risk limits
Work alongside technology, risk and quantitative leads to improve risk oversight and governance
Execution quality and liquidity management
Data, analytics, and continuous improvement
Working in partnership with quantitative team members across all aspects of eFX pricing and risk management
Act as SME in partnership with Technology teams to refine pricing and hedging systems and models
Develop, democratize and use data-driven tools to refine client, pricing and hedging analysis and reporting
Governance and compliance
As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
Qualifications & Mandatory Skills and Experience
5+ years of experience in FX markets, including 3+ years directly in eFX trading, market making, or electronic execution
Proven track record of franchise management and growth
Proven ability to work alongside quants and voice trading teams in the development and application of models and analytics frameworks
Experience with FX spot trading including market structure, execution dynamics, and electronic liquidity provision
Strong stakeholder management skills with Sales, Technology, Market Risk, and Compliance
Solid grasp of electronic pricing workflows including streaming and RFQ, API-based client connectivity (FIX), RFQ workflows, and streaming price distribution
Bachelor’s degree in Finance, Economics, Engineering, Computer Science, or related field; advanced degree is an asset
Preferred Skills and Experience
Proficiency in data analysis (Python and/or SQL); familiarity with time-series databases (e.g., kdb+/q)
Comfort working with quantitative models (pricing, volatility surfaces, liquidity curves) and model governance
Experience with swaps, forwards, and NDFs pricing models and risk management strategies
Familiarity with options for risk management
Technical experience in development of high-performance systems, large-scale data, systems optimization, and use of Ai tooling.
- 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
