Associate, Collateral Optimization

Scotiabank•New York City, NY

10h•Onsite

About The Position

The Collateral Optimization desk sits within the broader Collateral Management and Funding group and has the mandate to fund non Govt/Sovereign assets on behalf of Capital Markets into the secondary market (via SFT transactions) to mitigate Wholesale Funding drawdowns and looks to find solutions to reduce and neutralize liquidity metric footprints businesses have to overall balance sheet. 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 for every future!

Requirements

Execution of Collateral Trading (via SBL and Repo transactions)
Management of trading book (asset and liability)
Liquidity & Capital Management
Collateral Fund Transfer Pricing
Manage and rebalance sourcing and use of collateral to meet portfolio mix, tenor, profitability, risk, liquidity, and resource management targets (balance sheet, wholesale funding, capital, FX Limits, leverage, and liquidity ratios).
Provide accurate and transparent secured funding FTP while supporting the reduction of the RSF footprint for NSFR (equity as IA under UMR, QE balance sheet reduction) via ASF opportunities.
Global business partnership to improve intraday liquidity, interoperability, and optimisation of assets and funding (including XVA visibility for IM and VM).
Partner with initial stakeholders to identify optimization opportunities, reduce balance sheet drag, and deliver data-driven insights.
Execute on trading strategy and strategic business decisions made by FRM group and Group Treasury.
Sales and Relationship management – maintain and build key Bank client relationships, whilst also seeking out new client opportunities and pockets of liquidity.
Be visible and active in the market to keep up with market trends.
Work internally across GBM to build relationships and find more ancillary business or cross-sell opportunities to help improve the overall GBM revenues.
Work closely with the client chaperone team and other internal stakeholders to drive new client onboards, expanding the desk's counterparty network and secured funding capacity.
Broaden the participation in collateral trading/matching platforms to improve benchmarking and increase industry visibility.
Lead enhancements for improvements to data quality and metrics, technology solutions and business architectures.
Implement systematic controls regarding utilization of assets during dividend and corporate action cycles while improving utilization in line with BNS source rates.
Achieve Utility trading book concept of P&L flat - distributing costs transparently and fairly to business lines.
Monetize surplus collateral where applicable to reduce firm costs and/or generate P&L.
Prepare and distribute market commentary on secured funding and ABCP market conditions, keeping internal stakeholders and clients informed on sentiment, liquidity trends, and supply/demand dynamics.
Contribute to team development through mentoring junior analysts, supporting onboarding efforts, and participating in cross-functional knowledge-sharing initiatives
Champion a customer focused culture to deepen client relationships and leverage broader bank relationships, systems, and knowledge.
Actively pursue effective and efficient operations of his/her 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, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Code of Conduct.
Contribute to a high-performance environment and fosters an inclusive work environment, supporting the vison/values/business strategy for the team.

Responsibilities

Execution of Collateral Trading (via SBL and Repo transactions)
Management of trading book (asset and liability)
Liquidity & Capital Management
Collateral Fund Transfer Pricing
Manage and rebalance sourcing and use of collateral to meet portfolio mix, tenor, profitability, risk, liquidity, and resource management targets (balance sheet, wholesale funding, capital, FX Limits, leverage, and liquidity ratios).
Provide accurate and transparent secured funding FTP while supporting the reduction of the RSF footprint for NSFR (equity as IA under UMR, QE balance sheet reduction) via ASF opportunities.
Global business partnership to improve intraday liquidity, interoperability, and optimisation of assets and funding (including XVA visibility for IM and VM).
Partner with initial stakeholders to identify optimization opportunities, reduce balance sheet drag, and deliver data-driven insights.
Execute on trading strategy and strategic business decisions made by FRM group and Group Treasury.
Sales and Relationship management – maintain and build key Bank client relationships, whilst also seeking out new client opportunities and pockets of liquidity.
Be visible and active in the market to keep up with market trends.
Work internally across GBM to build relationships and find more ancillary business or cross-sell opportunities to help improve the overall GBM revenues.
Work closely with the client chaperone team and other internal stakeholders to drive new client onboards, expanding the desk's counterparty network and secured funding capacity.
Broaden the participation in collateral trading/matching platforms to improve benchmarking and increase industry visibility.
Lead enhancements for improvements to data quality and metrics, technology solutions and business architectures.
Implement systematic controls regarding utilization of assets during dividend and corporate action cycles while improving utilization in line with BNS source rates.
Achieve Utility trading book concept of P&L flat - distributing costs transparently and fairly to business lines.
Monetize surplus collateral where applicable to reduce firm costs and/or generate P&L.
Prepare and distribute market commentary on secured funding and ABCP market conditions, keeping internal stakeholders and clients informed on sentiment, liquidity trends, and supply/demand dynamics.
Contribute to team development through mentoring junior analysts, supporting onboarding efforts, and participating in cross-functional knowledge-sharing initiatives
Champion a customer focused culture to deepen client relationships and leverage broader bank relationships, systems, and knowledge.
Actively pursue effective and efficient operations of his/her 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, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Code of Conduct.
Contribute to a high-performance environment and fosters an inclusive work environment, supporting the vison/values/business strategy for the team.