Requisition ID: 266137
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
This is an opportunity to play a senior role in the continued success and growth of the Commodity Derivatives team, with a focus on Base and Precious Metals in the UK.
The role is responsible for managing the Base and Precious Metals trading book in close partnership with the wider Trading team, combining strong market judgement, disciplined risk management, and collaborative execution.
The overall objective is to deliver sustainable revenues, support the development of the trading franchise, and build trusted relationships with internal and external stakeholders.
Success in this role will be achieved through clear goals, strong partnership, and thoughtful execution of initiatives that support the team’s business strategies and objectives, while ensuring all activities are conducted in compliance with governing regulations, internal policies, and procedures.
This role has been identified as a Material Risk Taker (MRT) and falls within scope of the PRA/FCA Certification Regime. The successful candidate will therefore be required to be internally certified as performing a significant harm function.
Accountabilities
- Champion a client-focused culture that deepens relationships, strengthens trust, and leverages the broader Bank’s relationships, systems, and expertise.
- Lead oversight of the metals trading book as a senior trader, managing risk for the respective business with sound judgement and accountability.
- Engage regularly with clients and stakeholders to share market insights, identify new opportunities, and execute transactions effectively.
- Partner with Corporate and Investment Banking Relationship Managers to expand the client base and cross-sell Global Banking and Markets (GBM) and broader Bank capabilities, including supporting stakeholder engagement through presentations and approvals of hedging facilities.
- Stay close to industry developments, including market conditions, competitor practices, and regulatory changes, ensuring the business remains responsive and aligned with evolving requirements.
- Apply the Bank’s risk appetite and risk culture thoughtfully in day-to-day activities and decisions.
- Actively pursue effective and efficient operations within the respective area, while maintaining strong day-to-day business controls to meet obligations relating to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Code of Conduct.
- Contribute to a high-performing, respectful, and inclusive team environment, supporting the team’s vision, values, and business strategy.
Education / Experience
- Undergraduate degree required, preferably in STEM or a related discipline such as Finance, Economics, or Business. An advanced degree or CFA designation is an asset.
- Strong product knowledge and understanding of financial markets, with the confidence to apply expertise in a fast-moving trading environment.
- Knowledge of Bloomberg, booking systems, and trading protocols.
- High level of integrity, sound judgement, and commitment to compliance.
- Experience in Precious and Base Metals derivative trading.
Location(s): England : Greater London : London (UK)
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.