Associate, Oil & Refined Products Trader, Commodity Derivatives - Calgary

Requisition ID: 181444

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

Purpose:

As an Associate on the trading desk, you will have primary responsibility for running a derivatives trading book under the oversight of a senior trader. Your risk, and responsibility, will grow commensurate with your expertise, experience, and record. This may include trading flat price, basis, and/or volatility strategies across the spectrum of products from NGLs, to Refined products, to Crude Oil. You will be required to support traders on the desk with general day to day tasks, and sales with market commentary, pricing and trade ideas.

What You’ll Do:

• Provide a deep fundamental knowledge of Oil & Refined Product markets
• Provide derivatives competency in both commodity and non-commodity risk
• Collaborate with sales to drive idea generation, provide market commentary, and support client needs
• Provide fast, competitive pricing of derivative structures, manage portfolio risks, and drive revenue as a market maker in multiple commodities

What You’ll Bring:

• University degree, or equivalent. Finance, or STEM program preferred. CFA designation an asset
• This role requires successful completion of the NFA Swap proficiency requirement prior to engaging in in-scope activity
• Technical experience (preferred VBA, python, SQL, Microsoft office suite)
• Experience with Bloomberg, TT, ICE, CME Direct, etc.
• Ability to operate in a fast-paced environment with multiple competing demands
• While the successful candidate will receive extensive on the job mentorship, 1-3 years experience in trading, market fundamentals, or risk management is preferred

Work Arrangement:
This position is currently an on-site role, with the expectation that you will work 4-5 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.

Scotiabank is a CFTC registered swap dealer and SEC registered security-based swap dealer. Additional background screening may required to comply with U.S. regulations.

Location(s): Canada : Alberta : Calgary

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. 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.