Associate Director, FICC Index Trading

Scotiabank • New York City, NY

3d • $225,000 - $225,000 • Hybrid

About The Position

The Bank of Nova Scotia is seeking an Associate Director, FICC Index Trading in New York, New York. The role manages operational tasks on the desk, including trade execution, swap and option expiries, index rolls, and end-of-day reporting. It supports senior traders on FICC index desks with pricing and risk management of desk books, and contributes to index structuring by enhancing existing strategies and building new custom strategies. The position also supports and enhances the index pricing platform and infrastructure, focusing on automation and improvement of manual desk procedures.

The successful candidate is expected to consider the bank’s risk appetite and risk culture in day-to-day activities and decisions, champion a customer-focused culture, deepen client relationships, and leverage broader bank relationships, systems, and knowledge. The role also involves pursuing effective and efficient operations and ensuring adequate, effective day-to-day business controls for operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including responsibilities under applicable bank frameworks, handbooks, and guidelines.

The position is based in New York City. Telecommuting and/or working from home may be permissible under company policies; when not telecommuting, the employee must report to the work site. The stated salary is $225,000 per year, and the position is 40 hours per week.

Requirements

• Master’s degree or foreign equivalent in Mathematics, Finance, or a related field.
• Six years of experience in the job offered or a related occupation.
• Experience applying mathematical, statistical, and quantitative analytical methods to decompose Quantitative Investment Strategies (QIS) risk exposures into underlying market tradable instruments.
• Experience designing, implementing, and optimizing algorithmic execution strategies to minimize market impact, slippage, and transaction costs across multiple asset classes.
• Experience developing and maintaining production-grade code in multiple programming languages to support index decomposition, portfolio construction, risk representation, and detailed profit and loss attribution.
• Experience developing a framework for volatility Quantitative Investment Strategies (vol QIS), including strategy development and tools implementation.
• Experience building quantitative models to measure and monitor market signals for systematic trading strategies.
• Experience creating tools to automate data processing, transform large-scale datasets, and integrate market data feeds for systematic trading and risk analytics.
• Knowledge of commodities market microstructure, liquidity dynamics, and exchange-specific trading rules to enhance execution quality and cost forecasting models.

Responsibilities

• Manage desk operational tasks, including trade execution, swap and option expiries, index rolls, and end-of-day reporting.
• Support senior traders on FICC index desks with pricing and risk management of desk books.
• Contribute to FICC index structuring by enhancing existing strategies and building new custom strategies.
• Support and enhance the index pricing platform and infrastructure, focusing on automation and improving manual desk procedures.
• Consider the bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Champion a customer-focused culture, deepen client relationships, and leverage broader bank relationships, systems, and knowledge.
• Pursue effective and efficient operations and ensure adequate, effective day-to-day business controls for operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior