Scotiabank

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

Scotiabank$155K — $185K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • PhD or Master's Degree in Mathematics, Computer Science, Software Engineering, Physics, or other quantitative disciplines.
  • 1-4+ years' experience with Commodity/FX derivatives and relevant valuation models.
  • Strong foundation in Partial Differential Equations (PDE), Monte Carlo methods, and stochastic calculus.
  • Proficient programming skills in C++, with knowledge of C++11 or higher; familiarity with Python and Scala is a plus.
  • Excellent communication and interpersonal skills; effective team player.
  • Adaptable to fast-paced work environments with shifting priorities.

Responsibilities

  • Foster a customer-focused culture to strengthen client relationships.
  • Design and validate valuation models for Commodity and FX derivatives, ensuring accuracy and theoretical integrity.
  • Create robust and user-friendly front office analytics for pricing, hedging, risk management, and daily P&L attribution.
  • Deliver quantitative support for valuation, risks, and hedging on a daily and as-needed basis.
  • Serve as a subject matter expert for model stakeholders during and after model implementation.
  • Collaborate with business units to implement models and analytics with minimal supervision.
  • Stay updated on advancements in modeling techniques and technology, integrating them into bank processes.

Benefits

  • Opportunity for career advancement within a global financial institution.
  • Access to ongoing professional development and training.
  • Collaborative and inclusive work environment promoting high performance.
  • Engagement with a diverse team of professionals in the analytics and financial engineering space.
  • Comprehensive compliance and operational risk management framework to support job responsibilities.
Full Job Description
Requisition ID: 268028

Salary Range: 155,000.00 - 185,000.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.

Title: Associate, Commodity/FX Derivatives Quant - New York, NY

Global Banking and Markets

Purpose

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

What You'll Do:
  • 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.

What You'll Bring:
  • 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

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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