What are the responsibilities and job description for the Associate Director, Exotic Equity Derivatives Trader position at Scotiabank?
Requisition ID: 244277
Salary Range: 225,000.00 - 225,000.00
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.
Offered salary is between $225,000 and $225,000 per year. 40 hours per week.
TITLE: Associate Director, Exotic Equity Derivatives Trader
DUTIES: Scotia Capital (USA), Inc. seeks Associate Director, Exotic Equity Derivatives Trader in New York, NY to help senior traders manage all market risk on us books by capturing all trades in a timely manner. Provide accurate pricings for all products within area of responsibility as well as backup across the GED trading team as required. Supply feedback to the financial engineering team to expand and improve the EQD model suite and risk management capabilities. Ensure all risks are correctly reflected in risk monitor & compare topline risks to the approved limits outlined in the desk’s lcs. Adhere to the desk’s approved volcker operating plan. Assist the EDT team in testing new model enhancements to help reduce model risk post implementation. Analyze & summarize equity vol market activity as requested by sales & by senior management. Update VOLS, DIVS & REPOS for all US underliers. Maintain correlation marks using approved tools. Liaise with internal support groups on all operational matters related to the GED trading books. Adhere 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. Ask insightful questions to continually learn about market dynamics, pricing procedures & client relationships.
REQUIREMENTS: Master’s degree or foreign equivalent in Financial Engineering or a related field and four (4) years of experience in the job offered or related occupation: working with Equity Derivatives and risks associated with products including, Volatility, Spot, Dividends, Repo Interest Rates, Foreign Exchange, and how to manage their risk; employing financial engineering and modeling skills; utilizing programming including VBA and Python; performing statistical and numerical analysis on financial data; and leveraging theoretical probability knowledge to analyze research papers. FINRA SIE required. FINRA Series 7 required. FINRA Series 63 required.
Offered salary is between $225,000 and $225,000 per year. 40 hours per week.
QUALIFIED APPLICANTS: Please apply directly through our website https://www.scotiabank.com/careers by searching for Associate Director, Exotic Equity Derivatives Trader & indicate job code JK110425WEB.
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.
Salary Range: 225,000.00 - 225,000.00
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.
Offered salary is between $225,000 and $225,000 per year. 40 hours per week.
TITLE: Associate Director, Exotic Equity Derivatives Trader
DUTIES: Scotia Capital (USA), Inc. seeks Associate Director, Exotic Equity Derivatives Trader in New York, NY to help senior traders manage all market risk on us books by capturing all trades in a timely manner. Provide accurate pricings for all products within area of responsibility as well as backup across the GED trading team as required. Supply feedback to the financial engineering team to expand and improve the EQD model suite and risk management capabilities. Ensure all risks are correctly reflected in risk monitor & compare topline risks to the approved limits outlined in the desk’s lcs. Adhere to the desk’s approved volcker operating plan. Assist the EDT team in testing new model enhancements to help reduce model risk post implementation. Analyze & summarize equity vol market activity as requested by sales & by senior management. Update VOLS, DIVS & REPOS for all US underliers. Maintain correlation marks using approved tools. Liaise with internal support groups on all operational matters related to the GED trading books. Adhere 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. Ask insightful questions to continually learn about market dynamics, pricing procedures & client relationships.
REQUIREMENTS: Master’s degree or foreign equivalent in Financial Engineering or a related field and four (4) years of experience in the job offered or related occupation: working with Equity Derivatives and risks associated with products including, Volatility, Spot, Dividends, Repo Interest Rates, Foreign Exchange, and how to manage their risk; employing financial engineering and modeling skills; utilizing programming including VBA and Python; performing statistical and numerical analysis on financial data; and leveraging theoretical probability knowledge to analyze research papers. FINRA SIE required. FINRA Series 7 required. FINRA Series 63 required.
Offered salary is between $225,000 and $225,000 per year. 40 hours per week.
QUALIFIED APPLICANTS: Please apply directly through our website https://www.scotiabank.com/careers by searching for Associate Director, Exotic Equity Derivatives Trader & indicate job code JK110425WEB.
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.
Salary : $225,000