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Executive Director, Electronic Trading Sales

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CIBC

21d ago

  • Job
    Full-time
    Senior Level
  • Sales & Business Development
    Banking & Finance
  • New York
  • Quick Apply
    6d left

AI generated summary

  • You need 8+ years in electronic trading sales, strong relationships with hedge funds, expertise in trading products, and US regulatory registrations. A bachelor’s degree is essential; Canadian registrations are a plus.
  • You will drive client acquisition, build relationships with hedge funds, promote trading solutions, exceed targets, collaborate with teams, and ensure compliance and operational risk management.

Requirements

  • Minimum of 8+ years of progressive sales experience in electronic and algorithmic trading within a major investment bank, broker-dealer, or trading platform.
  • Demonstrated track record of originating and managing relationships with US hedge funds and institutional asset managers.
  • Deep expertise in electronic trading products, market microstructure, and algorithmic strategies.
  • Established network and strong reputation among buy-side trading and investment professionals.
  • Exceptional communication, negotiation, and presentation skills.
  • Entrepreneurial mindset with demonstrated success in building and scaling businesses.
  • Bachelor’s degree required, preferably in Business, Mathematics, Engineering, Computer Science, or a related field.
  • US regulatory registrations (Series 7, 63, etc.) required.
  • Canadian regulatory registrations (CSC, DFC, CPH, etc.) are an asset.
  • Highly proactive, motivated, and detail-oriented with the ability to work independently.
  • Excellent oral and written communication skills, with the ability to engage effectively at all levels of the organization.
  • Strong organizational skills and ability to manage multiple priorities and deadlines.
  • Flexible schedule, with the ability to travel regularly as required.

Responsibilities

  • Develop, implement and execute effective client acquisition, coverage, and growth strategies.
  • Proactively build and maintain strong relationships with US hedge funds and institutional asset managers.
  • Serve as a trusted advisor to clients, understanding their trading needs and delivering tailored electronic and algorithmic trading solutions.
  • Drive sales growth by promoting CIBC’s electronic trading capabilities, including algorithmic strategies, smart order routing, and analytics.
  • Collaborate with trading, technology, and product teams to deliver innovative, best-in-class client solutions.
  • Consistently achieve and exceed revenue and activity targets.
  • Provide market intelligence and client feedback to guide product development and platform enhancements.
  • Shape the strategic direction and go-to-market approach for the US electronic trading business.
  • Partner with global sales and trading teams to ensure seamless client coverage and execution.
  • Collaborate with the broader CIBC Capital Markets franchise – including High Touch Equities Sales Trading, Program Trading, Prime Brokerage, and Derivatives teams – to advance CIBC market share across all products.
  • Champion a culture of responsible finance, sound governance and supervision, expense discipline and ethical conduct.
  • Liaise effectively with internal stakeholder groups including Legal, Operations, Compliance, Technology, Credit and Risk to manage all aspects of the business.
  • Ensure strict adherence to compliance and operational risk controls in accordance with company and regulatory standards.

FAQs

What is the primary focus of the Executive Director, Electronic Trading Sales position?

The primary focus is on accelerating the growth and expansion of CIBC's US Electronic Trading platform by originating, developing, and managing client relationships with US long/short hedge funds and institutional asset managers.

What qualifications are required for this role?

Candidates should have a minimum of 8+ years of progressive sales experience in electronic and algorithmic trading, deep expertise in electronic trading products, and a Bachelor's degree, preferably in a related field such as Business, Mathematics, Engineering, or Computer Science.

Are there any specific certifications required for this position?

Yes, US regulatory registrations (such as Series 7 and 63) are required, and Canadian regulatory registrations (such as CSC, DFC, and CPH) are considered an asset.

What kind of compensation package does CIBC offer for this role?

The expected salary for this position is $275,000 for the New York, NY market, and the successful candidate may also be eligible for an incentive compensation plan, including a discretionary bonus.

Is travel required for this position?

Yes, the role requires a flexible schedule with the ability to travel regularly as required.

What is the work environment like at CIBC?

CIBC promotes a relationship-oriented culture, emphasizing teamwork, trust, and accountability, which allows team members to feel valued and empowered at work.

How does CIBC ensure a diverse and inclusive workplace?

CIBC is committed to creating an inclusive environment and actively seeks applicants with a wide range of abilities. They provide accommodations for candidates during the hiring process if needed.

What types of clients will the successful candidate work with?

The Executive Director will work primarily with US long/short hedge funds and institutional asset managers.

What are some key responsibilities in this role?

Key responsibilities include client origination and coverage, sales execution and revenue growth, strategic platform development, global collaboration, and compliance and operational management.

How does CIBC support employee well-being?

CIBC offers a full range of benefits, including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off, Holidays, and a 401(k) plan, among other perks.

Ambitions Made Real

Finance
Industry
10,001+
Employees
1961
Founded Year

Mission & Purpose

The Canadian Imperial Bank of Commerce (CIBC) is a major financial institution that provides a wide range of banking and financial services. CIBC's ultimate mission is to be a leading, innovative financial institution that helps clients achieve their financial goals. The bank's purpose is rooted in delivering trusted advice and exceptional service to individuals, businesses, and communities. CIBC is committed to fostering economic growth, supporting financial well-being, and contributing to the overall prosperity of its clients and the regions it serves. With a focus on integrity and customer satisfaction, CIBC plays a vital role in the Canadian and international financial landscape, offering solutions that span banking, wealth management, and capital markets to meet the diverse needs of its stakeholders.

Benefits

  • Financial health

    Rewards and resources to support your short and long-term financial goals. At a glance: 50% employee share matching plan, Employee Banking Offer including free banking services, credit cards and more, Defined Benefit Pension Plan that provides you with a secure retirement for life

  • Mental health

    Resources to support your mental health and increase your resiliency. At a glance: Mental health therapy covered at 100% and $5,000 per person per year, Online and in-person counselling, Shareable mental health video library, Mindfulness education and practice tools