Requisition ID:
Join a purpose driven winning team, committed to results, in an inclusive and high:performing culture.
Title: Director : eFX Quant Strategist
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 and 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 and acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious and 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
Overview:
We are seeking a highly skilled Director:level eFX Quant to join our eFX Trading desk within a well:respected international investment bank. The ideal candidate will have deep expertise in building and scaling an eFX quant trading business, with a proven track record in market:making, pricing, risk management, and execution optimization in the electronic foreign exchange space. This role requires strong quantitative, technical, and strategic capabilities to drive revenue growth and enhance the bank's eFX trading franchise.
What You'll Do:
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Build and enhance the eFX quant trading business, developing cutting:edge models for pricing, risk management, and market:making.
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Develop and optimize high:frequency pricing engines and liquidity strategies to improve execution quality and profitability.
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Collaborate closely with eFX traders, technology teams to drive automation and efficiency in pricing and hedging strategies.
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Design, implement, and improve algorithmic execution strategies for spot FX, Forwards, and swaps.
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Utilize machine learning and statistical techniques to optimize execution, reduce slippage, and improve fill ratios.
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Engage with senior FX leaders to define and execute a long:term strategy for eFX quantitative trading.
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Lead the development of robust transaction cost analysis (TCA) frameworks to optimize trading performance.
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Ensure compliance with regulatory requirements and best practices in electronic FX trading.
What You'll Bring:
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Advanced degree (PhD or Master's) in a STEM field (Mathematics, Physics, Computer Science, Engineering, Quantitative Finance, or a related discipline).
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Experience in eFX quantitative research, trading, or technology at a top:tier investment bank, hedge fund, or proprietary trading firm.
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Deep understanding of eFX market structure, liquidity dynamics, and electronic trading workflows.
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Expertise in building eFX pricing and risk models, with a strong grasp of bid:offer spread optimization, skewing techniques, and market impact models.
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Proficiency in C++, Java, Python, or KDB+/q for developing real:time pricing and trading infrastructure.
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Experience working with low:latency execution strategies and high:frequency trading architectures.
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Strong background in statistical modeling, machine learning, and signal generation for systematic trading.
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Ability to drive business growth, scale eFX platforms, and work collaboratively with trading and technology teams.
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Deep understanding of re