Associate, ABS Structuring / Global Securitization
About The Position
Global Banking and Markets (GBM) is a leading Capital Markets and Investment Banking platform with a competitive presence across the Americas, operating globally for over 100 years. Scotiabank’s strong US presence provides our 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 our clients. Our 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. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group including transaction banking and trade finance solutions. Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition to every future! Purpose: Provides support for ABS structuring in the U.S., ensuring (1) alignment with the strategy and objectives defined by Global Securitization and (2) initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Fostering collaboration with other structuring teams to establish strong connectivity globally.
Requirements
- Deep ABS product and modelling knowledge and experience, including technical proficiency with MS Excel modeling, PowerPoint, Intex, and Bloomberg
- 2+ years structuring experience
- Ability to multi-task, manage priorities, and meet deadlines
- Self-motivated with the ability to work independently, and also work well within a small team environment
- Strong verbal and interpersonal skills
- FINRA – SIE, Series 79 and 63
Responsibilities
- Drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Understands the risk profile of transactions and puts processes in place to manage those risks.
- Fosters new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups.
- Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
- Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
- Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team
- Support the origination of, and responsible for, the structuring of Conduit and Term ABS transactions
- Transaction execution functions will include warehouse financing and capital markets deal processing, with specific responsibility for financial modeling, structural and collateral diligence and analysis, credit analysis, and interaction with internal credit department, capital markets syndicate team, clients, attorneys, rating agencies and other internal and external parties involved in Conduit and ABS transactions
- Review and negotiation of transaction legal documents
- Develop marketing materials and presentations for clients
- Develop ABS offering materials including stratifications, arrange for third party service providers
- Build cash flow models for transaction analysis
- Prepare written credit summaries and present to credit committee
- Due diligence of existing and potential clients that includes reviews of the operations, strategy, and asset and financial performance
- Manage annual credit reviews of facility warehouses
- Work on special projects as directed
Benefits
- flexible benefit programs designed to help support your unique family, financial, physical, mental, and social health needs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
