Associate Director, Quant Developer/Researcher - Fixed Income Electronic Trading

Requisition ID: 192407

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.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Title: Associate Director, Quant Developer/Researcher - Fixed Income Electronic Trading

Global Banking and Markets

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:

We are seeking a talented Quant Developer/Researcher to join our dynamic team, focused on Fixed Income Electronic Trading. As a Quant Developer/Researcher, you will play a crucial role in developing and maintaining sophisticated trading systems and strategies in Rates and Credit, utilizing your expertise in programming languages such as Python and C++.

Responsibilities:

• Collaborate with traders, research, and technology teams to design, develop, and enhance electronic trading platforms for Rates and Credit asset classes in Fixed Income.

• Design and optimize algorithmic trading strategies utilizing statistical and mathematical models, including Machine Learning and other Probability-driven models.

• Perform data analysis on trade/market data to derive actionable insights that improve profitability.

• Develop automatic risk management algorithms to monitor trading positions and market conditions.

• Identify and resolve complex technical issues related to trading systems, ensuring high system performance and reliability.

• Maintain and enhance existing software infrastructure, including code refactoring, documentation, and testing.

• Stay updated with the latest trends and advancements in quantitative finance, electronic trading, and functional programming techniques.

Requirements:

• Strong proficiency in Python, Java, Scala, or C++ programming languages (understanding of and hands-on experience with functional programming paradigms preferred but not required).

• Previous experience working in electronic trading in Finance, preferably Rates and Credit in Fixed Income, including familiarity with pricing models, risk management, and trading strategies.

• Experience in developing large-scale systems.

• Familiarity with electronic trading protocols and market connectivity, such as FIX, API integration, and order routing.

• Proficiency in data analysis, utilizing tools like Pandas and NumPy.

• Familiarity with Beacon Platform is a plus.

Preferred Qualifications:

• Advanced degree (Master's or Ph.D.) in a quantitative field such as Computer Science, Engineering, Mathematics, Physics or related disciplines.

• Knowledge of Machine Learning & Bayesian techniques and libraries (e.g., Scikit Learn, TensorFlow, PyTorch) for developing predictive models.

• Experience with alpha-generation for algorithmic trading strategies

• Experience working with financial market data providers (e.g., Bloomberg, Tradeweb).

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

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Nearest Major Market: New York City

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