Associate / Associate Director, Structured Credit Repo Trader

Scotiabank•New York City, NY

1d•Onsite

About The Position

Scotiabank's Repo business operates within the Global Financing division, alongside Prime Services and FCM. Supported by dedicated teams in London, Dublin, New York, and Toronto, it is a growing, client-focused business committed to building strategic partnerships that align with the bank's broader objectives. This role supports the global sales and trading activities of the repo business across structured credit products, including Collateralized Loan Obligations (CLOs), Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), and Residential Mortgage-Backed Securities (RMBS). The position requires direct, hands-on experience with these products, as deep technical expertise is essential to engaging effectively with both internal partners and external clients.

Requirements

2+ year experience directly in CMBS, RMBS, ABS, and CLO products
Established client and market relationships and a proven track record in client-facing trading.
Strong quantitative, modelling, and problem-solving skills.
Familiarity with structured credit vendors, tools, pricing platforms, and risk systems.

Responsibilities

Daily pricing of repo trades across the securitized product spectrum.
Active monitoring of the repo portfolio, ensuring risk and return remain aligned with mandates.
Identify opportunities to optimize and enhance returns, improve liquidity, and manage balance sheet usage.
Cross-team collaboration with senior traders, the broader repo desk, and secondary sales teams.
Provide market insights and timely views on dynamics, liquidity conditions, and pricing trends.
Focus on enhancing infrastructure by supporting the development of internal analytics and tools.