Market Data Analyst, Market Data Solutions

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

What you’ll be doing

You’ll work in a fast-paced environment to ensure Capital Markets Risk Management’s models continue to perform at the highest standards. As a Market Data Analyst you’ll work on applying and enhancing methods of assessing market data integrity, automating regular procedures and promoting timely data analysis. You’ll work with the wider Capital Markets Risk Management team to enhance and document our data models and help define requirements for our strategic market data platforms.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote.

How you’ll succeed

• Daily Market Data Integrity – You’ll proactively ensure that market risk data is captured in CMRM’s systems in a complete and timely manner. Where potential gaps or errors exist, you’ll work with Risk Managers to understand the impact and appropriate resolutions, and with Solutions teams to implement protection against reoccurrence. You’ll ensure that data received from internal and external sources are properly captured, processed and delivered to downstream systems.
• Ad-hoc Market Data reviews – You’ll perform analysis on available historical data using a variety of techniques, and clean or enhance the data available where required. When new risk factors are introduced, you’ll assist in the research and introduction of these factors, including the process of introducing new vendors where required
• Communication – You’ll work to identify impactful data movements and adjustments, record these clearly, and to communicate these changes, and the impact on risk calculations, to the risk managers. As data issues are identified and resolved, you’ll help track, agree resolution and acquire related approvals.
• Documentation and Governance – You’ll write concise and specific procedure instructions, as well as preparing detailed governance documents to describe decisions that control critical day to day operations. You’ll assist in providing daily summaries of production data issues, and help provide ad-hoc data reports as requested. You’ll support analysis of new and alternative sources of data.
• Automation and Projects - You’ll help improve the automation of regular processes and controls, with a focus on enhancement of existing methodologies. You’ll develop improvements that reduce operational risk and increase efficiency while retaining critical human decision making and expertise. You’ll help define the requirements for changes to our Market Data systems, and perform UAT testing on enhancements prior to production.
• Controls and Governance – You understand the importance of effective risk management through operational stability, documentation and procedure. You will follow CIBC’s governance processes, and recommend improvements to Control procedures as appropriate.

Who you are

• You understand data and statistics: You have a clear understanding of the criticality of data in valuations and the importance of statistical patterns in modelling that data. You have a solid foundation in statistics, time series analysis, and financial derivatives, with strong technical proficiency in SQL, Python and Excel
• You bring capital markets and technical knowledge: You understand market and credit risk concepts such as VaR, Monte Carlo simulation, Basis risk, as well as being familiar with Capital Markets products including Money Markets, FX Commodities, Equities, Credit, Derivatives, Futures, and OTC products.
• You have a degree in a quantitative discipline, such as mathematics, physics, statistics, computer science, or mathematical finance / financial engineering. It’s an asset if you have CFA or FRM accreditation.
• You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.
• You're an effective communicator. You communicate clearly and confidently, both in writing and in conversation. verbal and will be adept at breaking complex issues into simple outlines.
• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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*, defined benefit pension plan*, an employee share purchase plan, 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 [email protected]

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Financial Derivatives, Group Problem Solving, Investigating, Market Risk, Microsoft Excel, Python (Programming Language), Regulatory Requirements, Reporting and Analysis, Researching, Risk Management Framework, Risk Management Information Systems, Structured Query Language (SQL)