We report the discovery and characterization of a small planet, TOI-1408 c, on a 2.2-day orbit located interior to a previously known hot Jupiter, TOI-1408 b ($P=4.42$ d, $M=1.86\pm0.02\,M_\mathrm{Jup}$, $R=2.4\pm0.5\,R_\mathrm{Jup}$) that exhibits grazing transits. The two planets are near 2:1 period commensurability, resulting in significant transit timing variations (TTVs) for both planets and transit duration variations (TDVs) for the inner planet. The TTV amplitude for TOI-1408 c is 15% of the planet's orbital period, marking the largest TTV amplitude relative to the orbital period measured to date. Photodynamical modeling of ground-based radial velocity (RV) observations and transit light curves obtained with the Transiting Exoplanet Survey Satellite (TESS) and ground-based facilities leads to an inner planet radius of $2.22\pm0.06\,R_\oplus$ and mass of $7.6\pm0.2\,M_\oplus$ that locates the planet into the Sub-Neptune regime. The proximity to the 2:1 period commensurability leads to the libration of the resonant argument of the inner planet. The RV measurements support the existence of a third body with an orbital period of several thousand days. This discovery places the system among the rare systems featuring a hot Jupiter accompanied by an inner low-mass planet.
Comment: Accepted to ApJL, 17 pages, 6 figures, 4 tables