Senior Business Analyst - U.S. Commodities, FX Options & Derivatives Technology

Requisition ID: 206984

Salary Range: 110,700.00 - 211,800.00

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.

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

Business Group: GWRT-GCMT-Commodities, FX Options & Derivatives Technology US is seeking a Senior in Capital Markets (Commodities Trading Area) Business Analyst for projects that involve working with a team in developing and enhancing regulatory initiatives and other initiatives relevant to the existing commodity trading system. The product is fully in production also requires a number of enhancements – the Business Analyst will be working on BA activities for that product with a strong focus on the regulatory reporting for commodities trading.

What You’ll Do

• Work with Regulatory and Compliance technology teams on ensuring that business requirements can be implemented and reporte

• Work with Commodities Front Office Sales and Trading as well as other groups (Middle and Back Office) on documenting requirements and gap analysis

• Work with other technology teams as an SME to ensure requirements are clearly understood and implemented

• Work on test plans and UAT coordination

What You’ll Bring

Must Have Skills/Requirements:

• BA within Capital Markets– 7+ years of experience

• Significant experience and knowledge of Commodity markets in the US/Canada including Oil and Natural Gas – 5+ years of hands on experience

• Extensive knowledge of the regulatory space in Commodities, including DFA (Dodd Frank), Canadian and European (EMIR) regulations – 5+ years of hands on experience

• Strong working experience with either in-house built Commodities systems or vendor Commodities trading systems such as Triple Point CommodityXL (preferred) or OpenLink Endur – 3+ years of hands on experience

• Knowledge of commodity instruments and their lifecycle (Swaps, Futures, Options) – 4+ years of hand on experience

• Strong Knowledge of Market Risk as it relates to Derivatives products in the Commodities space (or a different asset class). This includes understanding of higher order greeks for options and cross sensitivities (between WTI and FX, WTI and IR for e.g.), pricing and P/L – 4+ years of hands on experience

• Technical skills such as SQL (writing SQL queries & extract from a database), scripting, Excel – 3+ year of hands on experience

• Strong experience in creating Test document, coordinating UAT testing with end users – 7+ year of hands of experience

• Extensive knowledge in writing Business Requirement documents, Functional Requirement documents, and user manual – 7+ years of hands of experience

Nice to Have Skills:

• Previous Business experience

• Experience in commodity trading company, Bank or hedge fund

• CFA

Soft Skills:

• Strong communication skills – verbal (working with multiple stakeholders) & written (clear document requirements)

• Go getter, self-starter

Education:

• Bachelor’s Degree

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): 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.