Associate Director, CMF Product Development

Scotiabank•New York, NY

1d•Onsite

About The Position

The Associate Director, CMF Product Development will contribute to the overall success of the CMF and Prime Services businesses globally, ensuring specific individual goals, plans and initiatives are delivered in alignment with the global business’ strategies and objectives. They will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. 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 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. 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

Deep knowledge of the margin financing industry with a focus on Fixed Income securities
Understanding of front, middle and back office functions within the global financing infrastructure
Experience of relevant regulatory environments impacting the industry
Strong product knowledge and product/client experience across Repo and Prime Services
Process and system knowledge, ideally with prior experience of Anvil and LoanOne
Strong excel skills, or other, to support data analysis
Strong multitasking skills to effectively manage multiple business programmes
Collaboration with different departments within a bank, including Risk, Operations and Technology, as well as external vendors and FinTechs
Ability to articulate product plans and collaborate with senior stakeholder partners
Familiarity with SFT collateral optimization frameworks, funding efficiency metrics, capital usage considerations within Global Financing
Demonstrated ability to work across business and technology teams to deliver scalable solutions

Responsibilities

Steer and oversee the strategic development of CMF’s products.
Oversee the rollout of key business initiatives and product improvements across Global Financing in Global Capital Markets.
Lead the evaluation and implementation of market structure changes to position the business proactively and capture upcoming opportunities.
Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Drive global CMF initiatives and work closely with a wide range of stakeholders, providing direction to ensure alignment with strategic business plans, ensuring delivery of efficient and effective solutions.
Collaborate with global CMF desks to deliver on repo sales and trading automation and electronification, market access (e.g. brokers, venues, models), improve controls/processes, create avenues for revenue generation, client execution and shareholder value add.
Provide clear direction to Technology teams to deliver trading-aligned solutions, ensuring platforms support real-time decision-making, automation, and scalable growth across repo and financing products.
Own business engagement with external vendors, FinTech partners to deliver strategic capabilities in alignment with business priorities.
Understand 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 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.
Contributes to a high-performance environment and fosters an inclusive work environment; supporting the vison/values/business strategy for the team.