Requisition ID: 254220
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global 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!
Purpose
This role contributes to the overall success of our Global FX eTrading and Automated Market Making business by designing, 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 (Java, Python, C++), 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:
- Design, implement, and improve pricing, hedging, and execution algorithms using Mathematical, Statistical/Machine Learning, and other Probability-driven models. Identify and resolve complex technical issues related to trading systems, ensuring high system performance and reliability.
- Analyze large datasets (market, client behavior) to identify patterns and generate actionable insights. Simulate pricing and hedging models against historical data.
- Partner with Sales, Trading, and Technology teams to deliver integrated solutions and improve platform capabilities. Establish consistent interaction with the voice trading desk and cultivate awareness of market trends and liquidity.
- Ensure adherence to regulatory requirements (SEC, FCA, IIROC) and internal policies on Compliance, Surveillance, and Risk across regions.
- Implement algorithmic trading strategies using state-of-the-art coding techniques ensuring their speed and efficiency. Build and optimize low-latency trading infrastructure and APIs. Maintain and enhance production-level systems with robust testing and documentation.
- Develop and maintain automated risk management 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.
- 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 (cloud computing, GPU acceleration, AI/ML) and market microstructure research. Explore emerging techniques in Machine Learning & AI.
- 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:
- Bachelor’s in Computer Science, Engineering, Mathematics, Physics, or related field
- An advanced degree (M.Sc. or Ph.D.) in a quantitative discipline in an asset
- Experience in electronic trading, algorithmic market making, alpha generation and systematic strategy development
- Experience with Trading Venues, ECNs, and Dealer-to-Client platforms
- Proficiency in Python, Java, and strong OOP principles
- Experience with data platforms (KDB/Q, SQL) and numerical libraries (Pandas, NumPy)
- Familiarity with electronic trading protocols, connectivity, routing (FIX, API integration)
- Knowledge of cloud computing, GPU accelerati