Associate Director, Natural Gas and Power Trading, GBM - Calgary

Scotiabank; Calgary; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading Canadian bank is seeking an Associate Director for Natural Gas and Power Trading in Calgary. This role involves managing orders for clients, developing hedging strategies to optimize trading profits, and ensuring compliance with regulations. Candidates should have a quantitative degree and 5+ years of trading experience, along with in-depth knowledge of market fundamentals. This position is on-site, requiring collaboration with the Commodity Derivatives Group.

Benefits

Flexible benefit programs

Support for holistic well-being

Qualifications

• 5+ years trading experience across physical and financial markets.
• Successful completion of National Futures Associations Swaps Proficiency Requirement (SPR) is required.

Responsibilities

• Assist with driving a customer focused culture to deepen client relationships.
• Manage execution of orders on behalf of clients.
• Develop commodity hedging strategies to maximize trading profit.
• Contribute to the overall P&L targets of the group.
• Ensure compliance with operational and regulatory requirements.

Skills

Quantitative degree

Programming experience (VBA, Python)

Knowledge of financial derivatives

Deep knowledge of Natural Gas and Power fundamentals

Track record of profitable risk taking

In depth knowledge of regulatory frameworks

Education

Quantitative degree

Job description

Title: Associate Director, Natural Gas and Power Trading, GBM - Calgary

Requisition ID: 246590

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 Commodity Derivatives Group in Calgary 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

• Assists with driving a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships.
• Manage execution of orders on behalf of clients and is responsible for managing commodity/FX/IR risks in the portfolio to optimize revenues. Develops commodity hedging strategies to maximize trading profit and meet the needs of key clients.
• Collaborate cross-functionality to develop a regional price view to support short term trading initiatives and support longer term strategic efforts.
• Contribute to the overall P&L targets of the Gas and Power trading group. Deepen relationships in Western physical markets and contribute to the development of fundamental product suite.
• Deep Natural Gas and Power product knowledge. +5 years trading experience across physical and financial markets.
• Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

What You’ll Bring

• Quantitative degree required alongside programming experience (VBA, Python, etc.)
• Deep knowledge of Natural Gas and Power fundamentals globally
• Knowledge of financial derivatives
• Track record of profitable risk taking to support client interests
• In depth knowledge of regulatory framework around Volcker, Dodd-Frank
• This role requires successful completion of the National Futures Associations Swaps Proficiency Requirement (SPR), prior to engaging in in-scope activity

Work Arrangement

This position is currently an on-site role, with the expectation that you will work 5 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!

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.

Scotiabank is a CFTC registered swap dealer and SEC registered security-based swap dealer and hence any role that engages in these activities is required to be an Associated Person in accordance to the Bank’s policy.

Location(s): Canada : Alberta : Calgary

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.