At a Glance
- Tasks: Manage market risks and ensure compliance in equity derivatives trading.
- Company: Join Scotiabank, a leading bank in the Americas with a focus on inclusion.
- Benefits: Flexible benefits supporting your well-being and personal growth.
- Why this job: Make an impact in a high-performing team while advancing your career.
- Qualifications: Experience in equity exotic options trading and strong quantitative skills required.
- Other info: Empowering culture that values diversity and individual potential.
The predicted salary is between 72000 - 108000 £ per year.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Position & Team Overview/Highlights
Contributes to the overall success of Global Equity Derivatives & Investor Solutions teams by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted comply with governing regulations, internal policies and procedures. This role has been identified as a Material Risk Taker (MRT) and falls into scope under the PRA/FCA Certification Regime. Therefore, the individual is required to be internally ‘Certified’ as a significant harm function.
What You’ll Do
- Responsible for managing all market risks across the Exotic Europe Index and Single Stock books.
- Ensures all risks are contained within the approved limits outlined in the Desk’s LCS.
- Provides timely and accurate pricing updates for products within my area of responsibility; provide backup across the GED trading team as required.
- Partners with the financial engineering team to expand and improve the EQD model suite and risk management capabilities.
- Ensures all trading is conducted within the Desk’s approved Volcker operating plan.
- Assists the EDT team in testing new model enhancements to help reduce model risk post implementation.
- Communicates 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 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 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.
Location(s): England : Greater London : London (UK)
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 during the recruitment and selection process, please let our Recruitment team know. 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.
Director, Options Trader, Equity Derivatives employer: Scotiabank
Contact Detail:
Scotiabank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Options Trader, Equity Derivatives
✨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 those interviews! Research the company and its culture, especially their approach to equity derivatives. Be ready to discuss your experience with exotic options trading and risk management. Show them you’re not just a fit on paper but also in practice!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your expertise in derivatives modelling and your understanding of market risks. The more comfortable you are, the better you’ll perform when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us. So, get that application in and let’s make it happen!
We think you need these skills to ace Director, Options Trader, Equity Derivatives
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Director, Options Trader role. Highlight your expertise in equity exotic options trading and risk management to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about equity derivatives and how your background makes you a perfect fit for our team at Scotiabank.
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 in their applications.
Apply Through Our Website: Remember, the best way to apply is through our website. It ensures your application gets to the right place and helps us keep track of all the amazing talent interested in joining our team!
How to prepare for a job interview at Scotiabank
✨Know Your Numbers
As a Director, Options Trader, you'll need to demonstrate your deep expertise in equity exotic options trading. Brush up on key metrics and recent market trends related to global equity derivatives. Be ready to discuss how you've managed risks in previous roles and provide specific examples.
✨Showcase Your Technical Skills
Make sure you 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 past experiences. Consider bringing a portfolio of relevant projects or analyses to showcase your skills.
✨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.
✨Communicate Effectively
Strong communication skills are essential, especially when liaising with clients about equity market volatility. Practice articulating complex concepts clearly and concisely. You might even want to prepare a few scenarios where you've successfully communicated risk management strategies to clients or stakeholders.