Associate, Equity Derivatives Options Trader

Scotiabank•New York, NY

6d•$165,000 - $195,000

About The Position

The Associate, Equity Derivatives Options Trader contributes to the Global Equity Derivatives and Investor Solutions teams by supporting the pricing, trading, and risk management of equity derivatives products. The role executes assigned responsibilities and initiatives in support of the team’s business objectives while ensuring compliance with applicable regulations, internal policies, procedures, and risk limits. The position supports senior traders managing market risk across the US trading books, provides timely pricing, monitors risk metrics and limits, and helps maintain approved assumptions for US underlyings. It also works with Sales, Financial Engineering, Technology, Operations, Risk, Finance, and other internal teams to analyze market activity, improve models and processes, resolve issues, and reduce model and operational risk. The role is based in New York City, United States.

Requirements

At least two years of professional experience in equity derivatives or options trading.
Strong understanding of global capital markets, equity derivatives, and structured products.
Knowledge of the US structured-products market, including pricing and risk management of autocallables, worst-of structures, barrier options, correlation products, and other exotic derivatives.
University degree in finance, business, mathematics, engineering, computer science, or another quantitative discipline.
Ability to perform effectively in a fast-paced, demanding, collaborative trading environment.
Hold, or be able to obtain, all registrations and licenses required to trade equities, options, and futures in applicable US jurisdictions.
Advanced Microsoft Excel and VBA skills.
Strong collaboration and communication skills, including the ability to work across Trading, Sales, Financial Engineering, Technology, Risk, Finance, and Operations.
Intellectual curiosity, sound judgment, attention to detail, and commitment to continuous development.

Nice To Haves

Knowledge of hybrid products.
Proficiency in Python or another programming language.
Experience using AI-assisted development tools and large language models for research, software development, data analysis, and process automation.

Responsibilities

Support strong client relationships and promote a client-focused culture by leveraging the Bank’s broader capabilities, systems, and expertise.
Support senior traders in managing market risk across US trading books and ensure transactions are accurately and promptly captured.
Provide accurate and timely pricing for assigned products and provide backup coverage across the Global Equity Derivatives trading team as required.
Provide feedback to Financial Engineering to enhance equity derivatives models and pricing and risk-management capabilities.
Ensure material risks are accurately reflected in Risk Monitor and monitor key risk metrics against approved desk limits.
Operate in accordance with the Desk’s approved Volcker operating plan and applicable business controls.
Support Equity Derivatives Technology in testing model enhancements and assessing post-implementation results.
Analyze and summarize equity volatility market activity for Sales and senior management, including market developments, client flows, and risk considerations.
Maintain volatility, dividend, repo, and correlation assumptions for US underlyings using approved models, tools, and governance processes.
Coordinate with Operations, Technology, Risk, Finance, and other internal support functions to resolve issues affecting the trading books.
Follow day-to-day business controls and fulfill operational risk, regulatory compliance, AML/ATF, and conduct-risk obligations.
Develop understanding of market dynamics, pricing methodologies, risk management, and client requirements, and identify opportunities to improve desk systems and processes.