At a Glance
- Tasks: Manage market risks and ensure compliance in equity derivatives trading.
- Company: Join Scotiabank, a leader in global banking and markets.
- Benefits: Flexible benefits for your well-being and career growth.
- Other info: Opportunity to work in Greater London with a focus on personal and professional development.
- Why this job: Make an impact in a dynamic trading environment with innovative financial solutions.
- Qualifications: Experience in equity exotic options trading and strong analytical skills required.
The predicted salary is between 43200 - 72000 £ per year.
Contributes to the overall success of Global Equity Derivatives & Investor Solutions teams by ensuring specific individual goals, plans and initiatives are executed and delivered in support of the teams’ business strategies and objectives. Ensures all activities are compliant with governing regulations, internal policies and procedures. This role has been identified as a Material Risk Taker (MRT) and falls under the PRA/FCA Certification Regime. Therefore, the individual is required to be internally certified as a significant harm function.
What You'll Do
- Manage all market risks across the Exotic Europe Index and Single Stock books.
- Ensure all risks are contained within the approved limits outlined in the Desks LCS.
- Provide timely and accurate pricing updates for products within my area of responsibility and offer backup across the GED trading team as required.
- Partner with the financial engineering team to expand and improve the EQD model suite and risk‑management capabilities.
- Ensure all trading is conducted within the Desks approved Volcker operating plan.
- Assist the EDT team in testing new model enhancements to help reduce model risk post‑implementation.
- Communicate with clients on matters related to equity market volatility when requested by Sales.
What You'll Bring
- Experience in equity exotic options trading with a proven track record in risk management.
- Deep expertise in global equity derivatives and structured products, including pricing and managing risk for complex model‑dependent structures such as autocallables, issuer callables, multi‑asset and barrier options.
- Advanced knowledge of derivatives modelling, including Local Stochastic Volatility (LSV) frameworks and correlation‑skew dynamics.
- Strong academic foundation with a degree in Finance, Mathematics or a related field.
- Fully licensed and registered for trading stocks, options and futures in European markets.
- Proficient in Python, VBA and Excel for quantitative analysis and automation.
Interested? If your experience is closely related but does not align perfectly with every qualification, we 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 bring your best self to work and life every day. With a focus on holistic well‑being, our flexible benefit programs support your unique family, financial, physical, mental and social health needs.
Location: Greater London, London (UK)
Director, Options Trader, Equity Derivatives in London employer: Scotiabank Global Site
Scotiabank is an exceptional employer that prioritises the well-being and growth of its employees, particularly in the dynamic environment of Greater London. With a strong emphasis on holistic benefits, including flexible programmes tailored to support your family, financial, and mental health needs, Scotiabank fosters a collaborative work culture that encourages innovation and professional development. Join us to be part of a team where your expertise in equity derivatives will not only be valued but also nurtured for future success.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Options Trader, Equity Derivatives in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and trading sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and market knowledge. Be ready to discuss your experience with equity exotic options and risk management. Practise common interview questions and have examples ready that showcase your expertise.
✨Tip Number 3
Showcase your passion for the role! When you get the chance to chat with potential employers, express your enthusiasm for equity derivatives and how you can contribute to their team. A genuine interest can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be perfect for you. Plus, applying directly shows your commitment and makes it easier for us to find your application.
We think you need these skills to ace Director, Options Trader, Equity Derivatives in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that match the job description. Highlight your expertise in equity exotic options trading and risk management, as these are key for us.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Director Options Trader role. Share your passion for global equity derivatives and how your background aligns with our team's goals.
Showcase Your Technical Skills:Don’t forget to mention your proficiency in Python, VBA, and Excel. We love seeing candidates who can leverage these tools for quantitative analysis and automation, so make it stand out!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with Scotiabank.
How to prepare for a job interview at Scotiabank Global Site
✨Know Your Numbers
As a Director Options Trader, you'll need to demonstrate your deep expertise in equity exotic options trading. Brush up on your knowledge of pricing models and risk management strategies. Be ready to discuss specific examples from your past experiences where you successfully managed market risks or improved trading strategies.
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Python, VBA, and Excel during the interview. Prepare to discuss how you've used these tools for quantitative analysis and automation in your previous roles. You might even want to bring along a portfolio of your work or examples of projects that showcase your technical capabilities.
✨Understand the Regulatory Landscape
Since this role involves compliance with governing regulations, it's crucial to be well-versed in the PRA/FCA Certification Regime. Familiarise yourself with the Volcker operating plan and be prepared to discuss how you ensure compliance in your trading activities. This will show that you take regulatory responsibilities seriously.
✨Communicate Effectively
Strong communication skills are key in this role, especially when liaising with clients about equity market volatility. Practice articulating complex concepts in a clear and concise manner. Consider preparing a few scenarios where you've effectively communicated risk assessments or trading strategies to clients or team members.
