What are the responsibilities and job description for the Executive Director, Equity Derivatives Strategist position at Nomura Securities International, Inc.?
Executive Director, Equity Derivatives Strategist – (job location is New York, NY; employer is Nomura Securities International, Inc.) – Lead and contribute to Macro and Cross-Asset Strategy efforts by developing quantitative research models leveraging automation and production-grade C and Python code. Conduct in-depth research and analysis of macroeconomic indicators, market data, and cross-asset fund flows to uncover novel trading opportunities and market trends. Monitor and analyze real-time market data and rapidly highlight strategies that can capitalize on market movements and changing macroeconomic conditions. Develop quantitative models for new equity derivatives products and enhance existing ones using numerical methods such as Monte Carlo, finite difference, and a broad number of optimization techniques. Models include local volatility, stochastic volatility, and stochastic local volatility models. Develop and optimize algorithms to efficiently monitor and generate trade in complex equity derivatives products, such as listed and OTC options, as well as light exotic derivatives. Leverage data science and machine learning techniques to conduct comprehensive analysis, including data exploration, statistical analysis, and machine learning, to enhance predictive models, volatility forecasting, and portfolio optimization. Provide strategic insights and recommendations to traders, portfolio managers, and senior management based on quantitative analyses, risk assessments, and performance evaluations. Requirements: Master’s degree in Financial Engineering or Financial Mathematics, plus 3 years of experience as an Analyst or Associate at an investment bank. All required experience must have included developing equity derivatives and volatility strategies; applying quantitative methods in financial markets and investment analysis; designing and building scalable research frameworks using python (numpy, scipy, pandas, pptx) and SQL; developing quantitative models for new equity derivatives products and enhancing existing ones using numerical methods such as Monte Carlo, finite difference, and a broad number of optimization techniques, models include local volatility, stochastic volatility, and stochastic local volatility models; analyzing relative pricing and correlation between equity, rates, and credit instruments; modeling market signals including listed option dealer positioning, insurance/13F holdings, and structured exotics products, systematic flows such as from leveraged ETFs rebalancing, and volatility target funds; coordinating with various equities derivatives market participants including derivatives dealers, pensions, insurer, exotics desks; working on a cross-asset team to develop cross-asset strategy framework such as equity-credit relative value as well as rates/equities contingent trade implementation. FINRA Series 7TO, SIE, and Series 63 certifications required. Position requires approximately 5-10% domestic and international travel. This role entails hybrid work, with time split between working in our New York, NY office and flexibility to telecommute from another U.S. location. Salary: $260,000-$300,000/year. E-mail résumé to: jasmine.beatty@nomura.com. Ref. #01485.
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