Analyst, Derivative Product Group

Scotiabank & Trust • New York, NY

5d • Onsite

About The Position

Global Banking and Markets has a unique analyst opportunity for an exceptional recent graduate who has achieved both academic and extra-curricular success on its US Corporate Derivative Products Group desk in New York. Scotiabank's state-of-the art offices are located at Brookfield Place, which is in downtown Manhattan. As part of the Global Origination Group, the Derivative Products Group (DPG) develops derivative solutions for its US corporate clients. DPG specializes in marketing, structuring, and executing customized risk management solutions with focus on interest rate and cross currency swap derivatives, both option- and forward-based solutions. The position will appeal to an entrepreneurial individual with a strong interest in the global financial markets and desire to work and learn in an extraordinarily challenging and often exciting environment. The individual will sit and work side-by-side with DPG professionals. This position will provide hands-on experience with cutting edge financial derivative products and the opportunity to learn aspects of corporate finance, capital markets, and risk management. Responsibilities include assisting in the preparation of client presentations and materials and analysis, working on internal reports and communications, writing market-based commentary for clients, pricing derivatives using proprietary models, and leading risk management special projects. Additional responsibilities will include executing Trades and working with internal stakeholders in Debt Capital Markets, Investment Banking, Trading, Risk Management, Operations, and Legal.

Requirements

• Strong academic achievement with coursework in finance, economics, math, and liberal arts
• Strong interpersonal, communication, analytical skills, and desire to work in a trading floor environment
• Previous employment experience (internships)
• Microsoft Office knowledge, specifically Excel and PowerPoint

Responsibilities

• Assists in the research, analysis, and support to develop creative risk management solution packages for the team's corporate client base by using OTC proprietary derivative products (currency and interest rate hedging tools)
• Prepares hedging solutions for clients and derivative pricing (initially in a support role) using advanced proprietary pricing models, and financial analysis, in a fast-paced, dynamic environment, often under tight time-constraints and competitive pressure
• Effectively communicates and liaises with internal and external stakeholders (Legal, Compliance, Traders, Global Wholesale Services, Technology Applications Group, etc.) to help provide comprehensive risk management solutions to DPG's clients
• Takes ownership for time-sensitive, and potentially critical analysis/presentations to meet client's needs/requirements
• Assists in planning and creation of presentation material to potential/existing clients in an effort to promote individual and group ideas
• Understand 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 in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high performance environment and contributes to an inclusive work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees