Director - eFX Quant Strategist

Scotiabank; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Director-level eFX Quant to elevate their eFX Trading desk. This role is pivotal in building and scaling cutting-edge quantitative trading strategies, focusing on market-making, pricing, and risk management. With a strong emphasis on collaboration, you will work closely with traders and technology teams to optimize execution strategies and enhance profitability. This position offers a unique opportunity to influence the future of electronic foreign exchange trading in a dynamic and inclusive environment, where your expertise will drive significant business growth and innovation.

Benefits

Flexible Benefit Programs

Holistic Well-Being Support

Inclusive Work Environment

Qualifications

• 7+ years in eFX quantitative research or trading at a top-tier firm.
• Advanced degree in Mathematics, Physics, or related STEM field.

Responsibilities

• Build and enhance eFX quant trading business with cutting-edge models.
• Collaborate with traders to drive automation and efficiency.

Skills

Quantitative Research

Market-Making

Risk Management

Execution Optimization

Statistical Modeling

Machine Learning

Collaboration with Traders

Education

PhD in STEM

Master's in STEM

Tools

C++

Java

Python

KDB+/q

Job description

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

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 & 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.

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.

What You’ll Do:

1. Build and enhance the eFX quant trading business, developing cutting-edge models for pricing, risk management, and market-making.
2. Develop and optimize high-frequency pricing engines and liquidity strategies to improve execution quality and profitability.
3. Collaborate closely with eFX traders and technology teams to drive automation and efficiency in pricing and hedging strategies.
4. Design, implement, and improve algorithmic execution strategies for spot FX, Forwards, and swaps.
5. Utilize machine learning and statistical techniques to optimize execution, reduce slippage, and improve fill ratios.
6. Engage with senior FX leaders to define and execute a long-term strategy for eFX quantitative trading.
7. Lead the development of robust transaction cost analysis (TCA) frameworks to optimize trading performance.
8. Ensure compliance with regulatory requirements and best practices in electronic FX trading.

What You’ll Bring:

1. Advanced degree (PhD or Master’s) in a STEM field (Mathematics, Physics, Computer Science, Engineering, Quantitative Finance, or a related discipline).
2. 7+ years of experience in eFX quantitative research, trading, or technology at a top-tier investment bank, hedge fund, or proprietary trading firm.
3. Deep understanding of eFX market structure, liquidity dynamics, and electronic trading workflows.
4. Expertise in building eFX pricing and risk models, with a strong grasp of bid-offer spread optimization, skewing techniques, and market impact models.
5. Proficiency in C++, Java, Python, or KDB+/q for developing real-time pricing and trading infrastructure.
6. Experience working with low-latency execution strategies and high-frequency trading architectures.
7. Strong background in statistical modeling, machine learning, and signal generation for systematic trading.
8. Ability to drive business growth, scale eFX platforms, and work collaboratively with trading and technology teams.
9. Deep understanding of regulatory considerations (e.g., MiFID II, FX Global Code).

Preferred Skills:

1. Hands-on experience with connectivity to ECNs, liquidity providers, and internalization engines.
2. Strong relationships with key industry participants, including ECNs, banks, and market-makers.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That’s 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): United States : New York : New York City

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.