Analyst, Power Trading, Global Markets

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:

• Support and lead financial and decision modeling activities to help drive desk views on transmission upgrades and grid changes in PJM, NY, NE MISO or ERCOT. 

• Help  analyze market trends, pricing, and regulatory changes in the power sector. 

• Conduct fundamental and technical analysis to inform trading decisions. 

• Collaborate with traders to identify opportunities and mitigate risks. 

• Collect, analyze, and interpret large datasets related to power markets. 

• Utilize statistical tools and software to enhance trading models. 

• Assess and manage risks associated with trading activities. 

• Maintain and calibrate production-cost and stack models like Dayzer and Plexos. 

• Generate regular reports on trading performance and market conditions. 

• Present insights and recommendations to stakeholders via regular presentations and on request. 

• Work closely with Trading, Sales, Analytics, Technology and Risk and other relevant groups. 

• Participate in meetings to discuss market outlook and trading strategies. 

• Conduct in-depth transmission and supply-demand analysis daily and develop models for price forecasting. 

 

How You’ll Succeed:

The Power Fundamentals Analyst is responsible for developing price forecasting models using a variety of approaches like production cost models, regressions and machine learning, analyzing market trends, developing trading strategies, and supporting traders executing trades in the power markets across multiple ISOs. This role requires a strong understanding of energy markets, financial analysis, and risk management and skills to digest and summarize large amounts of data from disparate sources to make thoughtful recommendations. Candidates should be highly self-motivated to learn about energy markets and be able to communicate clearly to all stakeholders and collaborate across the desk. 

 

Who You Are:

A Power Fundamentals Analyst requires a diverse set of skills to effectively analyze market trends, develop strategies, and manage risks. Here are the most important skills for this role: 

• Data Analysis: Ability to interpret complex datasets and extract meaningful insights using statistics 

• Market Analysis: Proficiency in assessing market trends and pricing dynamics. 

• Statistical Software: Familiarity with tools such as R, Python, or MATLAB for modeling and analysis. 

• Experience with production-cost modeling in PJM, NY, NE MISO or ERCOT preferred in a model like Dayzer or Plexos 

• Prefer proficiency in power system analysis software (e.g., PSS/E, ETAP, or similar). 

• Excel Proficiency: Advanced skills in Excel for data manipulation and financial modeling. 

• Database Management: Knowledge of SQL for querying and managing large datasets. 

• Understanding of Financial Instruments: Knowledge of derivatives, options, and other financial products used in trading. 

• Report Writing: Capability to generate clear and concise reports for stakeholders. 

• Presentation Skills: Ability to present complex information in an understandable manner to non-technical audiences. 

• Critical Thinking: Ability to evaluate situations and make informed decisions quickly. 

• Adaptability: Flexibility to adjust strategies based on changing market conditions. 

• Energy Market Understanding: Familiarity with the power sector, including regulatory frameworks and market structures. 

• Strong attention to detail and problem-solving abilities. 

• Strong analytical and quantitative skills to explain drivers of transmission congestion in short and long term. 

• Passion for the energy sector and commitment to continuous learning. 

 

#LI-TA 

 

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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $115,000 – 135,000 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.

Job Location

NY-300 Madison Ave., 5th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business, Business Direction, Client Service, Communication, Data Analysis, Data Manipulation, Equity Derivatives, Financial Analysis, Financial Modeling, Forecasting Models, Global Market, Interest Rate Derivatives, Market Analysis, Market Trading, Market Trend Analysis, Market Trends