Associate, Equity Derivatives Options Trader

Scotiabank•New York City, NY

17h

About The Position

The Associate, Equity Derivatives Options Trader supports Scotiabank’s Global Equity Derivatives and Investor Solutions teams in pricing, trading, and managing risk for equity derivatives products. The role supports the team’s business objectives while operating within applicable regulations, internal policies, procedures, and risk limits. The position supports senior traders in managing US trading-book risk, provides timely pricing, maintains market assumptions, monitors risk metrics, and analyzes volatility-market activity. It also works with Sales, Financial Engineering, Technology, Risk, Finance, Operations, and other internal teams to improve pricing and risk-management capabilities, test model enhancements, resolve trading-book issues, and support business controls and compliance obligations.

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 work 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 client relationships and use the Bank’s broader capabilities, systems, and expertise to promote a client-focused culture.
Support senior traders in managing market risk across US trading books and ensure transactions are captured accurately and promptly.
Provide timely, accurate pricing for assigned products and provide backup coverage across the Global Equity Derivatives trading team as needed.
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 to reduce model and operational risk.
Analyze and summarize equity volatility market activity for Sales and senior management, including relevant 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 Global Equity Derivatives trading books.
Fulfil day-to-day business-control obligations relating to operational risk, regulatory compliance, AML/ATF, and conduct risk, including responsibilities under the named frameworks, handbook, and business-conduct guidelines.
Develop understanding of market dynamics, pricing methodologies, risk management, and client requirements, and identify opportunities to improve desk systems and processes.