About the Role
Contributes to the overall success of the Global Securitization team in the United States, ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.
Responsibilities
- Champions a customer-focused culture to expand and deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Spearheads term ABS lead role engagements by working with issuers, deal counsels, rating agencies, 3rd party service providers, ABS syndicate and sales teams to execute transactions.
- Manages the lifecycle of securitization financing transactions including participation in organizational meetings, drafting of credit applications, review of critical transaction documents, and coordination with internal and external partners.
- Coordinates a variety of activities with the mid-office and back office including the closing of new and existing transactions, tracking of UCC expirations, and providing updates or changes to the terms or funding of deals as required.
- Assists in negotiating terms and documentation with borrowers and other banks culminating in the closing of transactions.
- Works with junior team members to prepare pitch books and marketing presentations in support of both financing and term ABS opportunities.
- Maintains the existing portfolio by drafting annual reviews and handling customers' requests for waivers, amendments, and restructurings of credit facilities, as well as coordinating the requisite reviews by risk management.
- Attends due diligence meetings and client market meetings.
- Reviews monthly servicer reports and monitors asset performance trends.
- Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of their respective areas, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk.
- Acts as an active ally and advocate for Diversity, Equity, and Inclusion, strengthening a culture centered around inclusion and creating a sense of belonging for all employees.
Requirements
- Demonstrates sound knowledge of securitization fundamentals, with experience in ABS preferred.
- Banking experience in a Structured Finance or related environment preferred.
- Requires computer (Word, Excel, PowerPoint) proficiencies as well as excellent written and oral communication skills.
- A high level of commitment and a strong sense of teamwork are needed to succeed in the role.
Skills
- Securitization fundamentals
- ABS experience
- Structured Finance
- Microsoft Word
- Microsoft Excel
- Microsoft PowerPoint
- Written communication
- Oral communication
- Teamwork
Location
- New York, NY
Work Type
- Full-time
Experience Level
- Not specified
Education Level
- Degree in Business or related field
- MBA/CPA/CFA or other industry designation is helpful
- Series 63 & 79 preferred
Salary/Compensations
- $120,000.00 - $130,000.00
Benefits
- Flexible benefit programs designed to help support unique family, financial, physical, mental, and social health needs.
About the Company
- 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 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 clients.
- Products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious & metals.
- The company also cross-sells the full range of wholesale products and services offered by the Scotiabank Group.
- Scotiabank is a leading bank in the Americas.
- Scotiabank’s purpose is: 'for every future', helping 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.
Equal Opportunity
- Scotiabank is an equal opportunity employer.
- We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.
- 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.
