Associate, Rotational Program, Global Analytics and Financial Engineering, (Contract) - Toronto

Requisition ID: 258522

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Who are we?

Global Analytics and Financial Engineering is a critical function within the Bank’s 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 GBM’s competitiveness and profitability. The reliability and the robustness of the analytics enable the business to view and manage risks efficiently.

What You'll Do:

• During your 2-year contract, work with leadership during your rotations in areas covering equity, rates, credit, commodity, and foreign exchange
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Collaborate with senior members to learn about derivatives products, valuation models, and the model development technology stacks
• Contribute to the derivatives valuation model development life cycle from business requirements gathering, model research and selection, coding and testing, and the final deployment
• Participate in the development and support of front office analytics used for pricing, hedging, and risk management.
• Provide subject matter expertise to our model and analytics stakeholders such as trading and sales, risk management teams, and technology groups.
• Apply the Bank’s risk appetite and risk culture in day-to-day activities and decisions.

What You'll Bring:

• Doctorate or Master’s Degree in quantitative finance, mathematics, computer science, physics, or other quantitative areas.
• Up to 2 years’ experience after graduation with a passion for quantitative finance.
• Demonstrable knowledge of numerical methods and computational modelling: for example, finite difference / finite element, Monte Carlo simulation, optimization, artificial intelligence.
• Strong programming skills in C++ or Python and the willingness to learn other programming languages.
• Good communication and interpersonal skills and a team player and ability to work well in a fast-paced environment with changing priorities.
• Solutions-focused attitude, recognizing opportunities to not only learn but to contribute to team outcomes, and showing ownership over delivery.
• Knowledge of reinforcement learning or deep learning is considered an asset.

Work Arrangement:

This position is currently an onsite role, with the expectation that you will work at least 4 days a week in the office. Please note that this is subject to change based on the needs of the business.

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): Canada : Ontario : Toronto

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