Sessional Lecturer - MMF1928H1F: Pricing Theory (Section LEC 0101)

Description:

Course Number and Title:

MMF1928H1F: Pricing Theory (Section LEC 0101)

Course Description:
This course provides a rigorous introduction to modern pricing theory in finance, focusing on the valuation of derivatives and the mathematical foundations of asset pricing. Starting from discrete-time models and moving to random walks, the course develops the principle of no-arbitrage and builds toward continuous-time models, culminating in the Black–Scholes framework.

Students will learn how financial assets and derivatives are priced using replication, risk-neutral valuation, and stochastic modeling, with applications to equity derivatives, bonds, and interest rate products. The course also covers volatility modeling, highlighting both constant and stochastic volatility frameworks.

Emphasis is placed on connecting economic intuition (no-arbitrage, hedging) with mathematical tools (probability, stochastic processes, differential equations), enabling students to understand both the theory and its practical implementation in financial markets.

Estimated course enrolment : 30

Estimated TA support : n/a

Class Schedule Class Schedule: Tuesday 9:00 am – 12:00 pm

The delivery method for this course is in-person.

Sessional dates of appointment : September 15 – November 24, 2026

Salary (per section):

$4,998.74 Sessional Lecturer I

$5,349.61 Sessional Lecturer I - Long Term

$5,349.61 Sessional Lecturer II

$5,476.98 Sessional Lecturer II - Long Term

$5,476.98 Sessional Lecturer III

$5,614.45 Sessional Lecturer III - Long Term

Please note that should rates stipulated in the collective agreement vary from rates stated in this posting, the rates stated in the collective agreement shall prevail.

Minimum qualifications:

• Advanced degree in Mathematical Finance
• Industry experience in pricing theory in finance, valuation and asset pricing
• Prior experience teaching this course (or a similar course) at the university level
• Ability and experience teaching large classes

Preferred qualifications:

• Industry experience in volatility modeling and stochastic volatility frameworks

Description of duties :

• Preparation and delivery of lectures in this course
• Preparation, supervision and grading of tests and examinations in accordance with university regulations
• Providing scheduled office hours for academic counseling of students

Application instructions: 

Applicants should submit an updated curriculum vitae; names and contact information (email and phone) for two referees or two reference letters; evidence of teaching in the relevant area, including student evaluations if available; and the CUPE 3902 Unit 3 application form located here:  .

Please attach the additional documents in one PDF file format to the application form. If you have any questions, please contact View email address on jobs.utoronto.ca All applicants must have a valid email address.

Closing Date: 08/14/2026, 11:59PM EDT
**

This job is posted in accordance with the CUPE 3902 Unit 3 Collective Agreement.

It is understood that some announcements of vacancies are tentative, pending final course determinations and enrolment. Should rates stipulated in the collective agreement vary from rates stated in this posting, the rates stated in the collective agreement shall prevail.

Preference in hiring is given to qualified individuals advanced to the rank of Sessional Lecturer II or Sessional Lecturer III in accordance with Article 14:12 of the CUPE 3902 Unit 3 collective agreement.

Please note: Undergraduate or graduate students and postdoctoral fellows of the University of Toronto are covered by the CUPE 3902 Unit 1 collective agreement rather than the Unit 3 collective agreement, and should not apply for positions posted under the Unit 3 collective agreement.