Associate Director, FICC Index Trading

Scotiabank • New York, NY

4d • Hybrid

About The Position

The Associate Director, FICC Index Trading will manage desk operations, including trade execution, swap and option expiries, index rolls, and end-of-day reporting. The role supports senior traders on the FICC index desks with pricing and risk management of desk books, and contributes to index structuring by enhancing existing strategies and developing custom strategies. It also supports and improves the index pricing platform and infrastructure, with an emphasis on automation and improving manual desk procedures.

The position requires consideration of the bank’s risk appetite and risk culture in day-to-day work and decisions. The successful candidate will promote a customer-focused culture, strengthen client relationships, and use broader bank relationships, systems, and knowledge. The role also involves maintaining effective operations and business controls to address operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, in accordance with the relevant bank frameworks and guidelines.

The role is based in New York City. Telecommuting or working from home may be permitted under company policies; otherwise, the employee must report to the work site.

Requirements

• A 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 Strategy (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 for index decomposition, portfolio construction, risk representation, and detailed profit-and-loss attribution.
• Experience developing a framework for volatility QIS, including strategy development and tool 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.
• Promote a customer-focused culture, deepen client relationships, and leverage broader bank relationships, systems, and knowledge.
• Pursue effective and efficient operations while ensuring adequate, compliant, and effective day-to-day business controls for operational, regulatory compliance, AML/ATF, and conduct risks.

What This Job Offers

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