Associate, Equity Derivatives Options Trader

Scotiabank; New York (NY); On-site; USD 165,000 - 195,000; Full time

Job summary

Scotiabank is seeking a skilled Associate, Equity Derivatives Options Trader in New York to support pricing, trading, and risk management of equity derivatives. The role requires collaboration with traders, engineering, risk, and sales to ensure accurate pricing and timely execution of trades.

You will contribute to the pricing refinement, model feedback, and monitoring of risk limits while working within an inclusive, high-performance culture at Scotiabank’s Global Banking and Markets team in

Qualifications

• Two years of professional experience in equity derivatives or options trading.
• Strong understanding of global capital markets and structured products.
• Experience with pricing models and risk management in derivatives.

Responsibilities

• Supports pricing, trading and risk management of equity derivatives for the desk.
• Ensures accurate capture of all transactions in the US trading books.
• Provides timely pricing and back-up coverage for the team as needed.
• Collaborates with Financial Engineering to enhance models and pricing.
• Monitors risk metrics and ensures compliance with desk limits.

Skills

Equity derivatives

Options trading

Global capital markets

Structured products

US markets

Pricing & risk

Advanced Excel

Cross-functional collaboration

Attention to detail

Risk management

Education

University degree in finance, business, math, engineering, CS

Tools

Python

Excel VBA

AI-assisted tools

Job description

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Title: Associate, Equity Derivatives Options Trader

Requisition ID: 277534

Salary Range:165,000.00-195,000.00

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.

Associate, Equity Derivatives Options Trader

Global Banking and Markets
Global Banking and Markets (GBM) is a leading Capital Markets and Investment Banking platform with a competitive presence across the Americas, operating globally over 100 years. Scotiabank’s strong US 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 including transaction banking and trade finance solutions.

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 to every future!

Purpose
Contributes to the success of the Global Equity Derivatives and Investor Solutions teams by supporting the pricing, trading, and risk management of equity derivatives products. Executes assigned responsibilities and initiatives in support of the team’s business objectives while ensuring compliance with applicable regulations, internal policies, procedures, and risk limits.

What You’ll Do:

• Promotes a client-focused culture by supporting strong client relationships and leveraging the Bank’s broader capabilities, systems, and expertise
• Supports senior traders in managing market risk across the US trading books by ensuring that all transactions are captured accurately and on a timely basis
• Provides accurate and timely pricing for products within the role’s area of responsibility and provides backup coverage across the Global Equity Derivatives trading team as required
• Provides feedback to the Financial Engineering team to enhance the equity derivatives model suite and strengthen pricing and risk-management capabilities
• Ensures that all material risks are accurately reflected in Risk Monitor and monitors key risk metrics against the approved limits set out in the Desk’s Limits and Controls Schedule
• Operates in accordance with the Desk’s approved Volcker operating plan and all applicable business controls
• Supports the Equity Derivatives Technology team in testing model enhancements and assessing post-implementation results to reduce model and operational risk
• Analyzes and summarizes equity volatility market activity for Sales and senior management, highlighting relevant market developments, client flows, and risk considerations
• Maintains volatility, dividend, repo, and correlation assumptions for US underlying using approved models, tools, and governance processes
• Coordinates with Operations, Technology, Risk, Finance, and other internal support functions to resolve issues affecting the Global Equity Derivatives trading books
• Adheres to day-to-day business controls and fulfils obligations relating to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and Guidelines for Business Conduct
• Demonstrates intellectual curiosity by developing a strong understanding of market dynamics, pricing methodologies, risk management, and client requirements, while identifying opportunities to improve the Desk’s systems and processes

What You’ll Bring:

• Minimum of two years of professional experience in equity derivatives or options trading
• Strong understanding of global capital markets, equity derivatives, and structured products
• Knowledge of the US structured-products market, including the pricing and risk management of autocallables, worst-of structures, barrier options, correlation products, and other exotic derivatives
• Understanding of exotic equity derivatives; knowledge of hybrid products would be an asset
• University degree in finance, business, mathematics, engineering, computer science, or another quantitative discipline
• Ability to perform effectively in a fast-paced, demanding, and collaborative trading environment
• Holds, or is able to obtain, all registrations and licenses required to trade equities, options, and futures in the applicable US jurisdictions
• Advanced Microsoft Excel and VBA skills
• Proficiency in Python or another programming language is strongly preferred
• Experience using AI-assisted development tools and large language models to support research, software development, data analysis, and process automation is an asset
• Strong collaboration and communication skills, with the ability to work effectively across Trading, Sales, Financial Engineering, Technology, Risk, Finance, and Operations
• Demonstrates intellectual curiosity, sound judgment, attention to detail, and a strong commitment to continuous development

Interested
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.

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.