Associate, Commodity​/FX Derivatives Quant - New York, NY

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

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!

Contributes to the overall success of the Global Analytics and Financial Engineering team ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Develops valuation models for Commodity and FX derivatives, and ensures the theoretical soundness, the numerical accuracy, and the implementation correctness of these models.
• Develops robust, reliable and user friendly front office analytics for pricing, hedging, risk management and P&L attribution for both intraday and end of day.
• Provides daily and on demand quantitative support to the business in a timely manner related to valuation, risks, PnL attribution, hedging and so on.
• Provides subject matter expertise to model stakeholders such as the business, risk management, audit, product control and technology groups during and post of the model implementation.
• Forms a close partnership with the business to deliver models and analytics to production from end to end with limited supervision.
• Keep oneself current on the advancements of models and related technology, and proactively introduces these advancements into the bank.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champions a high performance environment and contributes to an inclusive work environment.

• PhD or Master’s Degree in Mathematics, Computer Science, Software Engineering, Physics or other quantitative areas.
• 1-4+ years’ experience in Commodity/FX derivatives and structured notes products and their valuation models.
• Solid background in PDE, Monte-Carlo and stochastic calculus.
• Strong programming skills in C++, C++11 or higher version; experience with other programming languages such as Python/Scala.
• Very good communication and interpersonal skills and a team player.
• Ability to work well in a fast-paced environment with changing priorities.

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…