Trader (1832 Asset Management)

Requisition ID: 277871

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

1832 Asset Management L.P.

1832 Asset Management L.P. is one of Canada’s largest asset managers, and offers a comprehensive range of solutions through Dynamic Funds and ScotiaFunds, spanning every major sector, geographic region and investment discipline. The firm and its predecessor companies have been providing asset management services in Canada since 1877, as a manager of mutual funds and providing investment solutions for private clients, institutions, foundations, endowments and managed asset programs.

Today, the firm has over $200 billion in assets under management, and its experienced investment management team is active across capital markets and asset classes, deploying traditional and innovative strategies driven to deliver investment management excellence for our clients across our domestic and international businesses.

1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

Purpose:

As a Trader, the successful candidate will execute global equity transactions and support the end-to-end trade lifecycle while upholding 1832 Asset Management L.P.’s fiduciary responsibilities and commitment to best execution. Working closely with Portfolio Managers, Analysts, Traders and business partners, the Trader will contribute market insight, manage orders and liquidity, and help strengthen trading and cash-management processes in a fast-paced, collaborative environment.

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

The Trader will be responsible for the following:

• Execute global equity transactions across relevant markets and trading venues, seeking best execution for all clients in accordance with fiduciary, regulatory and internal requirements;
• Manage orders throughout the trade lifecycle, including order review, execution, allocation and timely resolution of exceptions in partnership with operations and compliance teams;
• Partner with Portfolio Managers and Analysts to understand investment objectives, liquidity needs, urgency and implementation considerations before executing trades;
• Monitor market conditions, news, liquidity and short-term dynamics, and provide timely guidance on execution strategy, timing and potential market impact;
• Build and maintain effective relationships with brokers and counterparties, evaluate service and execution quality, and support appropriate broker selection;
• Use transaction-cost analysis, trading data and post-trade reviews to assess outcomes, identify trends and recommend improvements to trading practices;
• Maintain accurate records and follow established controls, escalation protocols and policies relating to trading, conflicts, market conduct and operational risk; and
• Contribute to process, technology and workflow enhancements, and provide coverage and support to the broader trading team as required.

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

• University degree in Commerce, Economics, Finance or a related discipline, or an equivalent combination of education and relevant experience
• Completion of the Canadian Securities Course (CSC), or an equivalent recognized qualification
• CFA designation, or progress toward completion, is considered an asset
• Up to two years of experience trading and executing equity transactions; buy-side or sell-side experience is preferred
• Working knowledge of market structure, order types, liquidity, transaction costs and best-execution principles
• Proficiency with Bloomberg and electronic trading platforms; experience with Charles River or comparable order-management systems is an asset
• Strong analytical and quantitative skills, with the ability to interpret market data and communicate actionable insights
• Sound judgment, integrity and a disciplined approach to risk, controls and confidential information
• Excellent interpersonal and communication skills, with the ability to collaborate effectively with investment professionals and business partners
• Ability to prioritize multiple time-sensitive activities, remain accurate under pressure and adapt to changing market conditions
• Curiosity and a continuous-improvement mindset, with an interest in trading technology, data and workflow enhancement

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. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. 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.