Financial Engineer – Energy Derivatives (Associate or Associate Director) recruitment

Global Banking and Markets, the Corporate and Investment Banking Division of Scotiabank, 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.  The Global Capital Markets unit of Global Banking and Markets has derivative, fixed income, equity, foreign exchange, energy and precious metals sales and trading operations in Toronto, Calgary, New York, Mexico, London and the Far East.

Global Analytics and Financial Engineering is part of Global Capital Markets and is currently located in Toronto and New York.  We work closely with the trading and marketing desks to develop new product or specific transaction capability, which includes developing financial models, hedging strategies and analytics, as well as leading infrastructure projects for new business initiatives.

The business demands constant innovation, both in the development of the financial products and in the enabling technologies.  The environment is very dynamic and the group is very team and results oriented.

Energy and Commodity trading is a high growth area of increasing global importance. Global Banking and Markets is committed to expanding its energy solutions business, which is a key strategic priority, and is actively building its capabilities in both financial and physical asset trading across all North American energy and commodity markets. We are looking for bright and creative minds to expand the energy derivative capabilities of our quantitative modeling group.

The successful candidate will be expected to stay current with developments in this evolving field. He/She will be expected to work alongside with traders and work effectively with other financial engineers.

Position Responsibilities

-Developing pricing and hedging tools for new product and business lines including both financial and physical energy products

-Working with the trading desk to investigate valuation and hedging questions

-Develop pricing strategies for structured transactions

-Enable rapid new product introduction through tactical solutions

-Providing analytic content in joint projects with the risk management and technology groups, such as credit reserve modeling and Value-at-Risk

-Developing financial models for the Energy trading desk

-Provide on-going support for the trading tools developed

Position Qualifications

-Advanced mathematical finance expertise

-Knowledge with energy markets and models. One year related experience is desired

-Strong programming skills – particularly C++, VBA, Matlab, Unix, Excel interfaces

-Ability to work well in a fast-paced environment with changing priorities

-Strong communication and interpersonal skills and a team player

Education Qualifications: Ph. D degree in Computer Science, Mathematics, Engineering or Physics. Excellent candidate with Master’s degree will also be considered.

Applications Instructions

Interested Candidates are invited to submit their application via the below link before the application deadline of February 17, 2012:

https://recruiter.kenexa.com/scotiabank/cc/CCJobDetailAction.ss?command=CCViewDetailccid=bupJEdUjsTs%3Djob_REQUISITION_NUMBER=105585

The Scotiabank Group is an equal opportunity employer and welcomes applications from all interested parties. We thank you for your interest, however, only those candidates selected for an interview will be contacted. No agencies please.