Director, Options Trader, Equity Derivatives
Scotiabank · London
- Requisition ID: 249606
- Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Title: Director, Options Trader, Global Equity Derivatives, Global Banking and Markets
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.
What You’ll Bring:
- 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.
Interested?
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)
- Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
- At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.