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Title:  Associate, Exotic Equity Derivatives Trader

 

 

 

Requisition ID: 142795

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

 

In this role as an Associate Options 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.

Is this role right for you?

  • Contributes to a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Helps senior traders manage all market risk on US books by capturing all trades in a timely manner
  • Provides accurate pricings for all products within area of responsibility as well as backup across the GED trading team as required
  • Supplies feedback to the financial engineering team to expand and improve the EQD model suite and risk management capabilitie
  • Ensures all risks are correctly reflected in RiskMonitor & compares topline risks to the approved limits outlined in the Desk’s LCS
  • Adheres to the Desk’s approved Volcker operating plan
  • Assists the EDT team in testing new model enhancements to help reduce model risk post implementation
  • Analyzes & summarizes equity vol market activity as requested by Sales & by Senior Management
  • Updates vols, divs & repos for all US underlyers; maintains correlation marks using approved tools
  • 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
  • Asks insightful questions to continually learn about market dynamics, pricing procedures & client relationships; continually seeks to improve desk’s systems, procedures


Do you have the skills you need to succeed? We'd love to work with you, if you have:

  • Minimum 3 years work experience in options trading
  • Knowledge of global capital markets and structured financial products
  • Knowledge of the U.S./Canada Retail Structured Products market including the ability to price and risk manage autocallables, worst-ofs, barriers, correlation and other exotic structures
  • Knowledge of derivatives markets, including exotic equity and hybrid products
  • University degree in Business/Finance/Mathematics/Science
  • Ability to thrive in a challenging and collaborative working environment
  • Fully licensed and registered for trading stocks, options and futures in the US; minimum Series 3, 7, 63 and 57 qualified
  • Advanced computer skills required, especially in MS Excel and Visual Basic
  • Familiarity with Python or 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

 

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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