Quantitative Trader

As a Quantitative Trader at Wealthsimple, you'll be conducting research and building models that describe how the markets behave, turn that research into algorithms and business insights to produce an edge for our clients and the company. You will also manage the daily trading operations of those systems. In this role you will have the opportunity to apply the theoretical, coming up with ideas, simulating to prove a thesis, validating with real world results and dynamically responding to changing conditions. We're looking for self-starters who are excited about the prospect of building a new function, defining new tools and pipelines and ultimately owning the outcomes.

Responsibilities

Build quantitative models that describe and predict how markets move, including conducting research and understanding liquidity profiles, price movement and market microstructure; Model the characteristics of order flow, including flow toxicity, classification of activity, to inform and optimize routing, execution and risk decisions; Develop trading algorithms to programmatically decide how orders are generated and routed, and work alongside engineers to deploy those systems into production; Manage the daily trading operations of our algorithmic trading systems; Respond to changing market conditions to ensure algorithms are placing orders optimally; Design and maintain simulation frameworks to validate algorithm performance against historical data; Partner cross-functionally with engineering, data science, operations and product teams

Requirements

3+ years of experience in quantitative trading, quantitative research, algorithmic trading development, or a closely related capital markets role; STEM degree from a leading institution; Excellent Python scripting; Solid foundation in statistics, probability, stochastic processes, and quantitative methods; Understanding of Canadian equity market structure; Familiarity with low-latency trading technologies and methodologies

Nice to have

CIRO-registered as a trader is an asset

Benefits

Top-tier health benefits and life insurance; Long-term group savings with employer match, through Wealthsimple for Business; 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year (conditions apply); 90 days away: work outside Canada for up to 90 days per year (conditions apply); Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS