Vice-President or Associate, Equity Derivatives & Analytics

Desjardins Technology Group; Montreal (administrative region); On-site; CAD 120,000 - 210,000; Full time

Benefits offered by this job

4 weeks vacation

Pension plan (defined benefit)

Group insurance incl. telemedicine

Wellness/telework equipment allowance

Job summary

Desjardins Capital Markets in Montreal is seeking a Montreal-based professional for Equity Derivatives & Analytics at Associate or Vice-President level. The role focuses on building quantitative tools and models to support trading, risk management and equity financing activities in a growing desk.

You will advance from infrastructure development to trading and risk management responsibilities as the desk expands.

Qualifications

• Bachelor's degree in finance or a quantitative discipline is required.
• 3–10 years of experience in financial markets, derivatives or quantitative finance.
• Master’s degree is considered an asset.
• Experience with quantitative modelling and statistical methods.
• Strong Python and SQL programming proficiency.
• Fluent communication in French and English (oral and written).

Responsibilities

• Develop tools, quantitative models and analytics to support trading, risk management and equity financing.
• Build capabilities for non-linear derivatives valuation, light exotics and Delta One.
• Improve desk infrastructure, position reconciliation, market-data validation and risk controls.
• Contribute to front-office infrastructure and consolidated positions and risks.
• Collaborate with desk members to understand trading strategies and opportunities.

Skills

Python

SQL

Communication (bilingual)

Education

Bachelor's degree in finance or quantitative discipline

Master’s degree asset

Job description

As part of the development of its new equity derivatives desk, Desjardins Capital Markets is seeking a Montreal-based professional with a strong interest in financial markets, derivatives and the development of innovative quantitative solutions. The level of the position, Associate or Vice-President, will be determined based on the successful candidate's experience. As Vice-President or Associate, Equity Derivatives & Analytics, you will contribute directly to the growth of the new equity derivatives desk by developing tools, quantitative models and analytical solutions that support trading, risk management and equity financing activities. You will participate in building the capabilities required to develop both non-linear derivatives flow activities, including options and light exotics, as well as equity financing products (Delta One). Your analytical skills, ability to solve complex problems and high degree of autonomy will be essential to your success in this role. You will work in an entrepreneurial environment where many processes, tools and infrastructure components are still being built. This is a unique opportunity to grow alongside a newly established desk. Initially, the role will focus on leveraging your quantitative, analytical and technology skills. As the business expands, the successful candidate will have the opportunity to take on increasing responsibilities related to market activities, trading, inventory risk management and pricing. More specifically, you will be required to:

• - Initial phase: Infrastructure development Conduct applied research on the modelling of the various market parameters used in the valuation of equity derivatives.
• - Perform historical quantitative analyses to improve the quality and robustness of the team's market-risk hedging strategies for its derivatives inventory / portfolio.
• - Contribute to the development, validation and production implementation of market parameters used for derivatives valuation and risk management.
• - Develop tools for position reconciliation, market-data validation and risk controls.
• - Implement an automated alert system to monitor corporate events, mispricing, operational anomalies impacting our portfolio.
• - Contribute to the ongoing enhancement of the desk's front-office infrastructure and to the implementation of a consolidated view of the team's positions and risks.
• - Subsequent phase: Trading and risk management activities Work closely with desk members to develop an in-depth understanding of trading strategies and their associated risks.
• - Participate in the ongoing market analysis and the identification of trading opportunities.
• - Contribute to portfolio risk management, including pricing, trading and rebalancing.
• - Take on increasing responsibilities related to decision-making and the desk's business development as the activity evolves.

What we offer*

• - Competitive salary and annual bonus
• - 4 weeks of flexible vacation starting in the first year
• - Defined benefit pension plan that provides predictable, stable income throughout retirement
• - Group insurance including telemedicine
• - Reimbursement of health and wellness expenses and telework equipment

* Benefits apply based on eligibility criteria.

What you bring to the table

• - Bachelor's degree in finance or a quantitative discipline, such as financial engineering, mathematics, statistics, computer science or physics
• - Three to ten years of experience in financial markets, derivatives, quantitative finance or a related field
• - Master’s degree is considered an asset
• - Please note that other combinations of qualifications and relevant experience may be considered
• - Experience in, or a strong interest in, quantitative modelling and statistical methods applied to financial markets
• - Significant experience developing analytical tools, automation solutions or data-management capabilities
• - Strong communication skills in both French and English, both oral and written due to the nature of the duties or work tools or because the position involves interactions with english-speaking partners, members and/or clients
• - Strong understanding of and interest in financial markets, trading and derivatives
• - Strong proficiency in Python and SQL programming

Action oriented, Communicates effectively, Complexity, Customer Focus, Decision quality, Differences, Nimble learning, Resilient, Situational adaptability
Equity, Diversity, Inclusion and Accessibility

At Desjardins, we believe in equity, diversity and inclusion. We're committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should reflect the diversity of the members, clients and communities we serve.

If there's something we can do to help make the recruitment process or the job you're applying for more accessible, let us know. We can provide accommodations at any stage in the recruitment process. Just ask!