Associate Director, US Securitization Banking - New York, NY

Scotiabank & Trust•New York, NY

About The Position

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Associate Director, US Securitization Banking - New York, NY Global Banking and Markets 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! PurposeContributes to the overall success of the Global Securitization team in the United States, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

Requirements

Demonstrates sound knowledge of securitization fundamentals, with experience in [esoteric] ABS
Degree in Business or related field.
Banking experience in a Structured Finance or related environment
Requires computer (Word, Excel, PowerPoint) proficiencies as well as excellent written and oral communication skills
Experience in credit analysis and familiarity with legal document review required
A high level of commitment and a strong sense of teamwork are needed to succeed in the role

Nice To Haves

MBA/CPA/CFA or other industry designation is helpful
Series 63 & 79 preferred

Responsibilities

Champions a customer focused culture to expand and deepen client relationships and leverage broader Bank relationships, systems, and knowledge
Spearhead term ABS lead role engagements by working with issuers, deal counsels, rating agencies, 3rd party service providers, ABS syndicate and sales teams to execute transactions
Manage the lifecycle of securitization financing transactions including participation in organizational meetings, drafting of credit applications, review of critical transaction documents and coordination with internal and external partners.
Coordinates a variety of activities with the mid-office and back office including the closing of new and existing transactions, tracking of UCC expirations, and providing updates or changes to the terms or funding of deals as required.
Assists in negotiating terms and documentation with borrowers and other banks culminating in the closing of transactions.
Works with junior team members to prepares pitch books and marketing presentations in support of both the financing and term ABS opportunities
Works on maintaining the existing portfolio by drafting annual reviews and handling customers' requests for waivers, amendments, and restructurings of credit facilities, as well as coordinating the requisite reviews by risk management
Attends due diligence meetings and client market meetings
Reviews monthly servicer reports and monitors asset performance trends
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 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 Guidelines for Business Conduct
Be an active ally and advocate for Diversity, Equity and Inclusion. Strengthen a culture centered around inclusion and creating a sense of belonging for all employees