Director, Equity Derivatives Quant - Toronto

Scotiabank; Toronto; On-site; CAD 100,000 - 160,000; Full time

Job summary

An established industry player is seeking a Director of Equity Derivatives Quant to join their innovative team in Toronto. This pivotal role involves developing valuation models for equity derivatives and providing quantitative support to the business. You'll work in a fast-paced environment, leveraging your expertise in mathematics and programming to enhance the bank's analytics capabilities. With a strong focus on client relationships and regulatory compliance, this position offers a unique opportunity to contribute to a leading Capital Markets and Investment Banking firm. Join a purpose-driven culture that values diversity and empowers you to reach your full potential.

Benefits

Flexible benefit programs

Support for family health needs

Financial wellness programs

Mental health support

Social health initiatives

Qualifications

• 6+ years of experience in equity derivatives and structured notes.
• Strong programming skills in C++, experience with Python preferred.

Responsibilities

• Develop valuation models for equity derivatives flow and exotics products.
• Provide quantitative support to the equity derivatives and structured notes business.

Skills

Mathematics

Programming in C++

Equity Derivatives Knowledge

Python Programming

PDE and Monte Carlo Methods

Stochastic Calculus

Quantitative Analysis

Education

PhD in Mathematics

Master’s Degree in Computer Science

Tools

C++11 or higher

Python

Job description

Director, Equity Derivatives Quant - Toronto

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Director, Equity Derivatives Quant - Toronto

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Requisition ID: 221300

Join a purpose-driven, high-performing culture committed to results.

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 offers investment banking, credit, and risk management products and services relevant to our clients' financing and strategic development needs. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading, research, fixed income, 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 drives ambition for every future!

Purpose

Contribute to the success of Global Analytics and Financial Engineering in the US by executing and delivering on specific goals, plans, and initiatives that support business strategies and objectives. Ensure all activities comply with regulations, policies, and procedures.

What You'll Do

• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Develop valuation models for equity derivatives flow and exotics products, ensuring their theoretical soundness, numerical accuracy, and correct implementation.
• Provide quantitative support to the equity derivatives and structured notes business globally.
• Develop robust, reliable, and user-friendly front office analytics for pricing, hedging, risk management, and P&L attribution for intraday and end-of-day.
• Provide daily and on-demand quantitative support related to valuation, risks, PnL attribution, hedging, etc.
• Offer subject matter expertise to stakeholders such as the business, risk management, audit, product control, and technology groups during and after model implementation.
• Partner closely with the business to deliver models and analytics from end to end with limited supervision.
• Stay current on advancements in models and related technology, proactively introducing these into the bank.
• Understand how the Bank’s risk appetite and culture influence daily activities and decisions.
• Ensure effective operations and controls to meet operational, regulatory, AML/ATF, and conduct risk obligations, including adherence to relevant frameworks and guidelines.

What You'll Bring

• PhD or Master’s Degree in Mathematics, Computer Science, Software Engineering, Physics, or other quantitative fields.
• 6+ years of experience in equity derivatives and structured notes products and their valuation models.
• Knowledge of local volatility, stochastic volatility, multi-asset valuation, calibration schemes.
• Solid background in PDE, Monte Carlo, and stochastic calculus.
• Strong programming skills in C++, C++11 or higher; experience with Python preferred.
• Ability to work well in a fast-paced environment with changing priorities.

Work Arrangement

This position is currently on-site, requiring at least 4 days a week in the office, subject to change based on business needs.

Interested?

If your experience is closely related but doesn’t match every qualification, we 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 full potential, respected for who they are, and embraced for their differences. We strive to grow and diversify talent and foster a performance-oriented culture.

What's in it for you?

Scotiabank supports bringing your best self to work and life through flexible benefit programs that support your family, financial, physical, mental, and social health needs.