Requisition ID: 90951
Join the Global Community of Scotiabankers to help customers become better off.
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 teams 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 Desks LCS
Adheres to the Desks 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 desks 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
As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Banks six guiding sales practice principles to ensure they act with honesty and integrity.
We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here.
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.