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Algorithmic Trading Developer (Quantitative Trading Solutions)

Date: Feb 11, 2019

Location: Toronto, ON, CA

Company: Scotiabank

                                                                                                               

 

 

Requisition ID: 52525

Cost Centre: GCM Technology - Canada 

Employee Referral Program – Potential Reward:  

 

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Job Purpose

 

The Quantitative Trading Solutions group develops and operates Scotiabank's equity algorithmic trading systems, portfolio trading applications, ETF market-making operations and related technology systems. We are located with the electronic equity trading desk and work directly with all the business lines we support.

We are seeking a talented software developer to work with the Index Finance desk within the equity derivatives group in Toronto. The individual will work with the desk to develop and enhance their algorithmic trading strategies and capabilities.


Index Finance is a delta one, market neutral strategy primarily seeking to optimize the balance sheet of the firm in relation to financing, collateral value and implied dividends vs. what it is priced in the market.

 

This is an opportunity to play a key role in a trading business and become an integral member of the team.

 

We will consider a range of experience levels and adjust role, compensation, and title accordingly. 

 

Key Accountabilities

 

The position will be a primary technical resource for the Index Finance Trading desk. Key responsibilities are:

 

  • Enhancing our low-latency trading framework, optimizing handling of market data, product pricing, order sending, risk checks and other core system infrastructure components.  
  • Develop new and maintain existing trade analytics and trade infrastructure (trading algorithms, trade record databases, pricing sheets/applications, etc.)
  • Designing and developing new trading strategies to establish and hedge positions in real-time, buying and selling delta1 products (index, options, futures, ETFs, etc.), stocks, FX derivatives and related products.  
  • Analyzing trade results and simulations to look for trading opportunities and ways to improve profitability.
  • Developing related infrastructure such as trade composition and modelling, P&L, book management etc.
  • Trading and technology development - execution management, risk gateway, system development, change control, visualization technology.

 

Minimum Requirements

 

  • Very strong software development skills, including algorithmic design, problem solving, optimizing and testing.
  • Experience in developing real-time event-driven applications, ideally in Java or C++
  • Effective written and verbal communication skills to bridge between technical content and business
  • Ability to work individually on a project as required and in a team environment
  • Self-starter and motivated to learn

 

Preferred Requirements

 

  • Knowledge or experience with development tools and languages such as SQL, python or similar languages
  • Background related to trading systems, ETFs, index arbitrage or index finance/delta one, market-making and similar areas preferred.
  • Experience with real-time trading systems (Fidessa, Portware, Flextrade, Tbricks, etc..) an asset
  • Post-secondary degree in a technology field (Computer Science/Engineering etc) or equivalent training.
  • Relevant Industry courses/certification such as CSC, CFA an asset

 

Location(s):  Canada : Ontario : Toronto 

As Canada’s international bank, we are a leader when it comes to inclusion. Scotiabankers hail from over 120 countries, speak more than 100 languages and serve over 23 million customers globally. As a highly diverse company, we know that an inclusive environment for employees and customers helps everyone achieve their best. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide a positive recruitment experience.


Job Segment: Developer, Quantitative Analyst, Equity, Bank, Banking, Technology, Data, Finance

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