Associate, Loan Trading / Credit Trading - New York, NY
About The Position
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
- Contributes to the overall success of the Credit Trading department in the United States within the Global Capital Markets division by supporting primary and secondary loan trading activity from execution through settlement.
- Ensures accurate risk capture, trade lifecycle management, and timely reporting, while maintaining full compliance with governing regulations, internal policies, and operational controls across loan trading activities.
Responsibilities
- Handle all operational aspects of the loan trading business from trade execution through closing, including trade booking, confirmations, settlement coordination, and issue resolution
- Identify opportunities to enhance reporting, automate processes, and improve trading desk efficiency through technology and workflow optimization.
- Drive project-based initiatives in front office loan operations relating to the bank’s strategic build in Leveraged Finance Origination
- Analyze and support primary and secondary bank loan trades, ensuring accurate trade capture, position maintenance, and risk exposure across trading systems in compliance with market regulations and internal controls.
- Compile and distribute daily flash reports, including detailed trade blotters, outstanding positions, cash movements, and end‑of‑day P&L for traders, management, and control partners.
- Work closely with Risk Management to monitor issuer, facility, and counterparty exposure, assessing potential risks based on liquidity, credit ratings, concentrations, and market conditions.
- Collaborate with Middle Office, Back Office, Operations, and Technology teams to resolve trade discrepancies, improve workflow efficiency, and ensure timely and accurate trade settlement.
- Coordinate amendment and waiver execution across traders, research teams, legal, and middle office, ensuring documentation terms are accurately reflected in systems and positions.
- Liaise between the Syndicate team and Sales desk on new deal originations, repricings, refinancings, and secondary distributions, ensuring allocations are valid, counterparties are onboarded, and trading relationships are properly established.
- Understand how the Bank’s risk appetite and risk culture apply to day‑to‑day activities and proactively escalate issues that may expose the firm to operational, market, or compliance risk.
- Actively contributes to effective and efficient operations in line with the Bank’s Values, Code of Conduct, and Global Sales Principles, while supporting strong controls related to operational, compliance, AML/ATF/sanctions, and conduct risk.
- Champions a high‑performance and inclusive work environment through collaboration, accountability, and continuous process improvement.
- Actively pursues effective and efficient operations of their 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.
- Champions a high-performance environment and contributes to an inclusive work environment.
Benefits
- flexible benefit programs are 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
