Associate Quantitative Portfolio Manager

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 130,000 - 170,000; Full time

Job summary

A leading Canadian bank in Toronto is seeking an Associate Quantitative Portfolio Manager to join their Quantitative Research Team. This role involves assisting in managing systematic active equity strategies and contributing to alpha research. Candidates need a degree in a STEM field and strong programming skills in Python, along with a CFA/CIM designation or progression towards it. Joining the team means being part of a culture that values teamwork, innovation, and personal growth, with a competitive salary and benefits package.

Benefits

Competitive salary

Benefits program

Defined benefit pension plan

Employee share purchase plan

Qualifications

• Degree in Computer Science, Engineering, Physics, Mathematics, or related discipline.
• CFA/CIM designation or actively working towards it is mandatory.
• Strong programming skills in Python; familiarity with SQL databases preferred.

Responsibilities

• Assist in managing systematic active equity strategies.
• Develop, interpret, and enhance financial models.
• Contribute to research aimed at generating alpha.

Skills

Communication

Quantitative Analysis

Python for Data Analysis

Equity Portfolio Management

Leadership

Education

Degree in a STEM field

Tools

SQL databases

Job description

Overview

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

This role is a member of the Quantitative Research Team at CIBC Asset Management (CAM). The team is responsible for developing and managing systematic investment strategies across equities and fixed income, as well as, improving the investment process of discretionary mandates. As an Associate Quantitative Portfolio Manager, you will assist in managing systematic active equity strategies with an AUM of over $5 Billion. You will also support alpha research, and contribute to portfolio construction.

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.

The expected annualized base salary range for this role is $130,000 to $170,000. The base salary is determined by a variety of factors, including the candidate’s skills, experience, and job-related knowledge, as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles.

In addition to base pay, compensation for this role includes participation in an annual discretionary incentive or bonus program. We are committed to providing fair, equitable, and competitive compensation opportunities for all employees and we encourage open conversation about compensation throughout the recruitment process.

How you'll succeed

• Portfolio Management - Assist in managing systematic active equity strategies and support portfolio construction.

• Quantitative Analysis - Develop, interpret, and enhance financial models using strong mathematical skills.

• Technology & Coding - Maintain and improve our code base and tools using programming languages such as Python and working with SQL databases.

• Alpha Research - Contribute to research aimed at generating alpha and improving investment processes.

• Collaboration - Work closely with colleagues within and outside the team to identify and resolve business issues.

• Communication - Present and explain technical information to diverse audiences, including Analysts and Portfolio Managers, with varying levels of technical expertise.

Who you are

• 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 are highly motivated, intellectually curious with effective time management skills.

• You have a degree in a STEM field (Computer Science/Engineering, Physics, Mathematics, or related discipline).

• You’re a certified professional. CFA/CIM designation or actively working towards it is mandatory.

• You can demonstrate experience in strong programming skills (Python required; familiarity with SQL databases preferred). You have proven experience in quantitative analysis, including knowledge of factor models, portfolio construction, and modern portfolio theory. You have strong mathematical modelling skills, you enjoy data analysis, and problem-solving abilities. You have excellent communication skills, both written and verbal, with the ability to explain technical concepts to non-technical audiences. You can demonstrate integrity, responsibility, and reliability.

• Values matter to you. You bring your real self to work, and you live our values – trust, teamwork and accountability.

#LI-TA

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.

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 [e-mail]

• 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-161 Bay St., 22nd

Employment Type

Regular

Weekly Hours

37.5

Skills

Communication, Equities, Equity Portfolio Management, Financial Markets, Investments, Leadership, Market Risk Management, People Management, Portfolio Construction, Portfolio Management, Python for Data Analysis, Quantitative Research, Researching, Results-Oriented, Risk Management