Associate Director, Rates Quant
Associate Director, Rates Quant
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Job Description
Requisition ID: 234515
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Purpose
Contributes to the overall success of the Global Analytics and Financial Engineering in London ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations internal policies and procedures.
Accountabilities
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
Develops valuation models for interest rate derivatives products 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
Understands how the Banks 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.
Dimensions
Global Analytics and FinancialEngineering is a critical function within the Banks Global Banking and Markets (GBM) division. The derivatives valuation models and analytics developed by the team are used globally for pricing hedging risk management trading limits and capital. The accuracy and the performance of these models have a direct impact on GBMs competitiveness and profitability. The reliability and the robustness of the analytics enable the business to view and manage risks efficiently
Quantitative support to North America rates business
Interest rate model and desk analytics development and maintenance
Quantitative support to interest rate business globally across trading and sales product control risk management technology and audit functionalities
Education / Experience
PhD or Masters Degree in Mathematics Computer Science Software Engineering Physics or other quantitative areas
Experience in interest rate derivatives products and their valuation models
Solid background in PDE Monte-Carlo and stochastic calculus
Strong programming skills in C C11 or higher version; experience with other programming languages such as Python Java or Scala
Strong skills in Excel development
Good communication and interpersonal skills and a team player
Ability to work well in a fast-paced environment with changing priorities
Location(s): England : GreaterLondon : 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.
Required Experience:
Director
Employment Type
Full Time
