Job Description

Requisition ID: 182940

  Salary Range: 145,000.00 - 175,000.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Associate, Exotic Equity Derivatives Junior Trader, Equity Derivatives

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

 

In this role as an Associate Exotic Equity Derivatives Junior Trader within Global Equity Derivatives, you will contribute to the overall success of Global Equity Derivatives & Investor Solutions teams by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Executes all activities in compliance with governing regulations, internal policies and procedures.

What You'll Do:

• Understands market trends and pricing models for exotic derivatives
• Provides accurate pricings for all products within area of responsibility as well as backup across the GED trading team as required
• Develops deep understanding of Equity derivatives P&L drivers
• Supports senior traders in managing and hedging all market risk on US books
• Analyzes & summarizes equity vol market activity as requested by Sales & by Senior Management
• Adheres to the Desk’s approved Volcker operating plan
• Liaises with internal support groups on all operational matters related to the GED trading books
• Adheres to day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
• Contributes to a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge

What You'll Bring:

• Minimum 0 years work experience in Options trading, Internship in Derivatives trading desk is a big plus
• Master degree Financial Models, Financial Engineering or Financial Mathematics
• Knowledge of global capital markets and structured financial products
• Knowledge of derivatives models, including black Scholes model, Local volatility model, Stochastic volatility model and monte Carlo simulations
• Ability to thrive in a challenging and collaborative working environment
• Advanced computer skills required, especially in MS Excel, Visual Basic, and Python
• Familiarity with other programming languages strongly encouraged
• Strong team player, excellent communication skills within the context of group collaboration
• Curiosity & tireless work ethic required for rapid personal growth

Interested?  

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 

Location(s): United States : New York : New York City

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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