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Algorithmic Trading Developer

Employer
Scotiabank
Location
Toronto, Canada
Salary
Competitive
Closing date
Sep 19, 2019

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Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Requisition ID: 70726
Join the Global Community of Scotiabankers to help customers become better off.
Purpose of Job:

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 ETF Services desk to develop and enhance their low-latency algorithmic trading capabilities. ETFs are a key growth area and this is a rare opportunity to play a key role in the build-out of a substantial 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 ETF 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 components.
  • Designing and developing trading strategies to establish and hedge positions in real-time, buying and selling ETFs, stocks, bonds, FX and related products.
  • Analyzing results to look for trading opportunities and ways to improve profitability.
  • Developing related infrastructure such as ETF composition and modelling, P&L calculation, book management etc.

Minimum Requirements:

  • Strong software development skills, including algorithmic design, problem solving, optimizing and testing.
  • Experience in developing real-time event-driven applications, ideally in C++
  • Post-secondary degree in a technology field (Computer Science/Engineering etc) or equivalent training.

Preferred Requirements:

  • Background related to trading systems, ETFs, index arbitrage, market-making and similar areas preferred.
  • Experience with real-time trading systems (Fidessa, Portware, Flextrade, Tbricks, etc..) an asset
  • 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. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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 as seamless a recruitment experience as possible.

Job Segment: Developer, Bank, Banking, Equity, Engineer, Technology, Finance, Engineering

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