Trader, Fixed Income and Foreign Exchange

Scotiabank; Toronto; On-site; CAD 110,000 - 160,000; Full time

Job summary

Scotiabank in Toronto is seeking a Trader for Fixed Income and Foreign Exchange to execute client orders and provide market insight on a fast-paced trading floor. The role supports Wealth Management by guiding pricing, optimal execution, and regulatory adherence.

The ideal candidate brings 5+ years in securities or banking, CIRO licensing, and a degree in business/economics/engineering with CSC/CPH credentials. Expect longer hours and close collaboration with Wealth Advisors.

Qualifications

• Five years of experience in the securities and/or banking industry; previous trading experience is preferred.
• Current CIRO licensing as a Representative is required in this role.
• University degree in business, economics, engineering or a related field.
• Relevant industry courses, including the Canadian Securities Course (CSC) and Conduct and Practices Handbook (CPH).
• Knowledge of technology supporting trading and trading operations, ideally including Broadridge, Charles River, Bloomberg, MarketAxess and Bloomberg TOMS.

Responsibilities

• Provide trade execution support, market insights and execution guidance to SWM businesses.
• Educate Wealth Advisors and other SWM business representatives on regulatory requirements, market practices and internal risk controls.
• Serve as a subject matter expert on traded products and resolve trading, compliance and operational issues.
• Develop and maintain strong relationships with Wealth Advisors and Global Wealth Management representatives.
• Book trades accurately, promptly and in accordance with market conventions.

Skills

Analytical skills

Problem-solving

Autonomy

Interpersonal skills

Regulatory awareness

Education

University degree in business, economics, engineering or related field

Canadian Securities Course (CSC)

Conduct and Practices Handbook (CPH)

Tools

Broadridge

Charles River

Bloomberg

MarketAxess

Bloomberg TOMS

Job description

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Title: Trader, Fixed Income and Foreign Exchange

Requisition ID: 273268

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

Purpose:

The Trading Solutions Group (TSG) is the Scotia Wealth Management (SWM) agency trading desk. TSG supports SWM business lines by executing client orders and providing guidance on prevailing market conditions and execution strategies intended to achieve optimal pricing.

The Trader, Fixed Income contributes to the overall success of the division by executing individual and departmental responsibilities effectively in support of business objectives.

Is this role right for you? In this role, you will:

Trade Execution

• Provide trade execution support, market insights and execution guidance to SWM businesses.
• Ensure SWM business representatives understand the risks, rewards and potential outcomes associated with a transaction.
• Educate Wealth Advisors and other SWM business representatives on regulatory requirements, market practices, internal compliance requirements and TSG procedures related to trade execution.
• Serve as a subject matter expert on the products traded by the team and participate in resolving related trading, compliance and operational issues.
• Support TSG’s client-focused culture by developing and maintaining strong relationships with Wealth Advisors and other Global Wealth Management business representatives.
• Understand Scotiabank’s risk appetite, risk culture, and apply the Bank’s risk mitigation strategies and processes to day-to-day trading activities and decisions.
• Conduct all activities in accordance with Scotiabank’s Values, Code of Conduct and Global Sales Principles.
• Maintain current knowledge of markets, products, competitors and regulatory developments.
• Conduct all business in accordance with applicable internal and external guidelines, policies, rules and regulations.
• Identify and elevate control gaps to TSG management to support the mitigation of operational risk.
• Ensure trades are completed in accordance with the regulatory requirements and business rules applicable to the underlying product.
• Book trades accurately, promptly and in accordance with market conventions, while maintaining a high degree of attention to detail.
• Identify, address, document and elevate trading errors as appropriate.
• Maintain the highest standards of integrity and ethics when trading and handling sensitive or confidential information.
• Assist TSG Supervision with regulatory and operational risk inquiries from Wealth Compliance and internal risk groups.
• Participate in the daily Scotia Capital foreign exchange reconciliation process to help manage the firm’s FX risk exposures.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Five years of experience in the securities and/or banking industry; previous trading experience is preferred.
• Current CIRO licensing as a Representative is required in this role.
• University degree in business, economics, engineering or a related field.
• Relevant industry courses, including the Canadian Securities Course (CSC) and Conduct and Practices Handbook (CPH).
• Knowledge of technology supporting trading and trading operations, ideally including Broadridge, Charles River, Bloomberg, MarketAxess and Bloomberg TOMS.
• Sound judgment and strong problem-solving and analytical skills.
• Ability to work autonomously while maintaining close and effective working relationships.
• Strong interpersonal skills, including a demonstrated ability to negotiate resolutions to disputes.

Work Arrangement:

• Fast-paced trading floor environment with volatile financial markets, tight deadlines, changing priorities and business-critical strategic initiatives.
• Longer-than-standard working hours may be required to manage deadlines, business priorities and client events.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is 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): Canada : Ontario : Toronto

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.

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.

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