Associate Director, Equities Quantitative Dev/Strat - New York, NY

 

 

 

Requisition ID: 263147

 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, Equities Quantitative Dev/Strat - New York, NY

 

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Capital Markets and Investment Banking platform with a  competitive presence across the Americas, operating globally over 100 years. Scotiabank’s strong US 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 including transaction banking and trade finance solutions.

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 to every future!

Purpose

This role contributes to the success of our Systematic and Quantitative Equities business, and the overall Equities Sales and Trading in Canada and US, 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 (Python, Java or C++), and analytical skills to deliver innovative solutions that enhance execution quality, pricing models, risk analytics, trader tools for risk management, hedging and relative value analysis, and techniques to optimize trading decisions, risk taking and capital allocation.  

 

What You'll Do

•    Model Development: 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.
•    Data Analysis & Insights: Analyze large datasets (market, client behavior) to identify patterns and generate actionable insights. Simulate pricing and hedging models against historical data.
•    Quant Development:  Productionalize (ie. code) trading strategies and models, ensuring their speed and efficiency. Maintain and enhance production-level systems with robust testing and documentation.
•    Data Engineering: Design, build and improve scalable, real-time data pipelines and APIs. . Enhance business metrics, data quality / validation, and visualization. 
•    Collaboration: 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. 
•    Compliance, Risk, and Governance: Ensure adherence to regulatory requirements (SEC, FCA, IIROC) and internal policies on Compliance, Surveillance, and Risk across regions.
•    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 oper