About the Role
Contributes to the success of the U.S. Legal Department by managing Structured Finance matters, focusing on securitizations and asset-backed securities offerings, and providing legal advice for the Bank's U.S. operations.
Responsibilities
- Provides legal support to businesses in the Structured Finance Group, with a focus on asset-backed securitizations (ABS including RMBS, CMBS and CLOs).
- Drafts and negotiates structured finance documentation.
- Supports the development, structuring, and regulatory analysis of new products and business initiatives within the Structured Finance Group.
- Acts as the Legal Department’s liaison with other corporate functions supporting these products and initiatives.
- Reviews and uplifts firm policies in coordination with the Compliance department relating to securitizations.
- Monitors legal and regulatory developments and evaluates their impact on the Structured Finance Group and other Global Banking and Markets businesses.
- Serves as Legal stakeholder on working groups, managing projects and engaging with the firm’s advocacy efforts relating to regulatory issues and regulatory change.
- Advises internal stakeholders across the front office and other corporate functions in developing and implementing key strategic projects and new initiatives.
- Analyzes legal and regulatory issues and provides timely and well-researched work product to clients on legal matters affecting the Structured Finance Group.
- Supports Scotiabank’s participation in various trade associations or other public forums and assists in drafting comment letters in response to proposed regulations affecting the Structured Finance Group.
- Contributes to efficient and effective relationships with outside counsel and manages legal costs and invoices.
- Understands how Scotiabank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Demonstrates a proactive approach to developing competency in unfamiliar practice areas.
- Pursues effective adherence to Scotiabank’s Values and its Code of Conduct, while ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational, compliance, sanctions and anti-money laundering (AML), and conduct risk.
- Perform other duties as assigned from time to time.
Requirements
- J.D. and licensed attorney in good standing admitted or otherwise authorized to practice law in the state of New York or in the state of Texas.
- 10+ years of securitization legal experience with a law firm or financial institution.
- Strong interpersonal, analytical, influencing and communication skills.
- Excellent judgement, writing skills, and presence.
- Self-starter, effective under pressure, proactive and flexible.
- Subject matter expertise of securitization processes (ABS including CMBS, RMBS, CLOs) and regulations, including securitization vehicles and regulations relating thereto.
- Comprehensive understanding of corporate, securities, creditor, finance, and bankruptcy law, including related legal and regulatory considerations.
- Able to preserve confidentiality and exercise discretion.
Skills
- Structured Finance
- Securitizations
- Asset-backed securities (ABS)
- RMBS
- CMBS
- CLOs
- Legal advice
- Regulatory analysis
- Interpersonal skills
- Analytical skills
- Influencing skills
- Communication skills
- Writing skills
- Corporate law
- Securities law
- Creditor law
- Finance law
- Bankruptcy law
Location
- New York, New York
- Houston, Texas
- Dallas, Texas
Work Type
- Hybrid
Experience Level
- 10+ years
Education Level
- J.D.
Salary/Compensations
- 185,400.00 - 310,600.00
Benefits
- Flexible benefit programs designed to help support unique family, financial, physical, mental, and social health needs.
About the Company
- 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.
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.
