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: Diverse and inclusive workplace that values your unique contributions.
- 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 72000 - 108000 € per year.
This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.
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.
Qualifications:
- 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.
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)
Director, Options Trader, Equity Derivatives (London (UK), ENG, GB) employer: Scotiabank
Scotiabank is an exceptional employer that prioritises employee growth and well-being, offering a dynamic work culture where diversity and performance are celebrated. Located in the heart of London, our team thrives on collaboration and innovation, with access to flexible benefits tailored to support your holistic health needs. Join us to make a meaningful impact in the world of equity derivatives while advancing your career in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Options Trader, Equity Derivatives (London (UK), ENG, GB)
✨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 derivatives and risk management. Practise common interview questions and have your own questions ready to show your interest.
✨Tip Number 3
Showcase your expertise! Create a portfolio that highlights your achievements in trading and risk management. Use real examples to demonstrate how you’ve successfully managed market risks and contributed to team goals.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Director, Options Trader, Equity Derivatives (London (UK), ENG, GB)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Director, Options Trader. Highlight your experience in equity exotic options trading and risk management. We want to see how your skills align with our needs!
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. Keep it engaging and relevant!
Showcase Your Technical Skills:Don’t forget to mention your proficiency in Python, VBA, and Excel. We love seeing candidates who can leverage technology for quantitative analysis and automation. Make those skills pop in your application!
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. Let’s get started!
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 equity derivatives. Be ready to discuss how you've managed risks in previous roles and provide specific examples of your successes.
✨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 along a portfolio or examples of your work 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 risk management seriously.
✨Communicate Effectively
Strong communication skills are essential, especially when liaising with clients about equity market volatility. Practice articulating complex concepts in a clear and concise manner. You might even want to prepare a few scenarios where you've successfully communicated risk strategies to clients or stakeholders.
