Requisition ID: 262856
Salary Range: 225,000.00 - 225,000.00
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.
Associate Director, eFI Quant Trading, New York, NYGlobal Banking and MarketsGlobal 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!
PurposeThis role contributes to the overall success of our Global eFI eTrading and Automated Market Making business by researching, developing, and implementing advanced models, trading strategies, and technology solutions, while ensuring individual goals, plans, and initiatives are executed & delivered in support of the team's overall objectives. The position requires strong quantitative, programming (C++, Java, Python), and analytical skills to deliver innovative solutions that enhance execution quality, risk management, and profitability, while ensuring compliance with global regulatory standards and internal policies.
What You'll Do:- Quant Development: Implement low-latency algorithmic trading models for UST Market Making business using modern coding techniques in C++, including latest AI tools, ensuring ultra-high speed. Build and optimize low-latency trading infrastructure and APIs. Maintain and enhance production-level systems with robust testing.
- Quant Research: The role is expected to develop and maintain automated hedging algorithms that dynamically adjust based on market conditions, aligned with desk and firm-wide risk appetite. Conduct alpha research and back testing for systematic strategies for USTs and e-trading in FI in general
- Trading-specific responsibilities: Obtain necessary regulatory licenses. Execute and monitor algorithmic strategies across products. Manage P&L and optimize execution quality under dynamic market conditions. Adhere to pre-established market risk limits and desk position limits.
- Stay updated with the latest trends and advancements in quantitative finance, electronic trading, and programming techniques, including emerging technologies (AI, cloud computing, GPU acceleration) and market microstructure research. Explore emerging techniques in Machine Learning.
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Champions a high-performance environment and contributes to an inclusive work environment
- Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
What You'll Bring:- Required: Bachelor's in Computer Science, Engineering, Mathematics, Physics, or related field.
- Preferred: Advanced degree (M.Sc. or Ph.D.) in a quantitative discipline.
- 5+ years experience in capital markets, specifically Fixed Income market making
- High proficiency in C++ for development and Python for research and analytics.
- Experience with data platforms (KDB/Q, SQL) and numerical libraries (Pandas, NumPy).
- Knowledge of cloud computing, GPU acceleration, and distributed systems is an asset.
- Strong foundation in Math, in particular: probability, statistics, linear algebra, and algorithms.
- Experience with Machine Learning & Bayesian frameworks (TensorFlow, PyTorch, Scikit-learn).
- Ability to design and validate models under real-world constraints.
- Strong communication skills to explain complex concepts to diverse stakeholders.
- Ability to work across time zones and adapt to regional market hours.
- Collaborative mindset and willingness to mentor junior team members.
Interested?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
