Associate Director, Equity Quant

Scotiabank; Toronto; On-site; CAD 80,000 - 110,000; Full time

Benefits offered by this job

Flexible benefit programs

Inclusivity and accessibility support

Job summary

Scotiabank in Toronto is seeking an experienced professional for the role within Global Analytics and Financial Engineering. The key responsibilities include developing valuation models for equity derivatives and providing critical quantitative support. The ideal candidate will hold a PhD or master's degree in a quantitative field and have strong programming skills in C++.

Scotiabank is committed to an inclusive work environment and offers flexible benefits tailored to support holistic well-being.

Qualifications

• 1-4+ years’ experience in equity derivatives and structured notes products.
• Solid understanding of derivative pricing.
• Strong programming skills in C++, C++11 or higher version.

Responsibilities

• Develop valuation models for equity derivatives.
• Provide quantitative support related to valuation and risk.
• Ensure compliance with regulations and internal policies.

Skills

Valuation models for equity derivatives

Pricing and hedging analytics

Risk management skills

Programming in C++

Experience with Python

Education

PhD or master’s degree in quantitative areas

Job description

Overview

Requisition ID: 264689

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

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!

Purpose

Contributes to the overall success of the Global Analytics and Financial Engineering in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You\'ll Do

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Develops valuation models for equity derivatives and structured notes products, and ensures the theoretical soundness, the numerical accuracy, and the implementation correctness of these models.
• Develops robust, reliable and user-friendly front office analytics for pricing, hedging, risk management and P&L attribution for both intraday and end of day
• Provides daily and on demand quantitative support to the business in a timely manner related to valuation, risks, PnL attribution, hedging and so on
• Provides subject matter expertise to model stakeholders such as the business, risk management, audit, product control and technology groups during and post of the model implementation.
• Forms a close partnership with the business to deliver models and analytics to production from end to end with limited supervision
• Keep oneself current on the advancements of models and related technology, and proactively introduces these advancements into the bank.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of 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.
• Champions a high performance environment and contributes to an inclusive work environment.

What You\'ll Bring

• PhD or master’s degree in mathematics, Computer Science, Software Engineering, Physics or other quantitative areas
• 1-4+ years’ experience in equity derivatives and structured notes products and their valuation models
• Solid understanding of derivative pricing and equity derivatives, with particular expertise in PDE, Monte Carlo methods, local volatility (LV) and local stochastic volatility (LSV) models.
• Strong programming skills in C++, C++11 or higher version; experience with other programming languages such as Python
• Very good communication and interpersonal skills and a team player
• Ability to work well in a fast-paced environment with changing priorities

Work Arrangement

This position is currently an on-site role, with the expectation that you will work at least 4 days a week in the office. Please note that this is subject to change based on the needs of the business.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

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): Canada : Ontario : Toronto

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.