Requisition ID: 199375

Salary Range: 225,000.00 - 225,000.00

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.

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

Title: Associate Director, ABS Quant – New York, NY

Global Banking and Markets

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!

Purpose: Contributes to the overall success of the Global Analytics and Financial Engineering in US 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.

Position Overview: 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 hedge risks efficiently.

• ABS, MBS, and other credit models
• FO pricing and hedging analytics
• Quantitative support to the ABS and MBS trading business

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 ABS, MBS, and other credit 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, P&L 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 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
• 3+ years’ experience in credit products such as ABS, MBS, credit derivatives, 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, Java, or Scala
• Good communication and interpersonal skills and a team player
• Ability to work well in a fast-paced environment with changing priorities

Interested?

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): United States : New York : New York City

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.