Director, Senior Legal Counsel - Structured Notes
About The Position
Join a purpose-driven, winning team committed to results in an inclusive and high-performing culture. 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! This role contributes to the overall success of the U.S. Legal Department in a wide range of regulatory matters within the Global Banking and Markets division, with a primary focus on the Bank’s Structured Notes program.
Requirements
- J.D. and licensed attorney in good standing admitted or otherwise authorized to practice law in the state of New York [ or in the state of Texas ] .
- Position to be based [ either ] in New York, New York, [ Houston, Texas, or Dallas, Texas ] on a hybrid schedule.
- 7+ years of legal experience with a law firm or financial institution covering structured notes issuances.
- Comprehensive understanding of United States federal securities laws relevant to the foregoing.
- Strong interpersonal, analytical, influencing and communication skills.
- Excellent judgement, writing skills, and presence.
- Self-starter, effective under pressure, proactive and flexible.
- Able to preserve confidentiality and exercise discretion.
Responsibilities
- Provides Legal Support to the Bank’s structured notes program for instruments issued via SEC registration, Rule 144A and/or Regulation S or other applicable exemptions from registration, and linked to various asset classes such as equities, rates, commodities, currencies, indices or baskets of the foregoing.
- Advises on U.S. securities laws and FINRA requirements related to marketing and issuing of structured products as well as various matters related to the hedging of structured notes issuances.
- Manages legal aspects of structured products transactions, including reviewing prospectuses/offering memoranda, other marketing materials, external counsel opinions and deal documentation and participating in presentations of new products to relevant internal committees.
- Acts as the Legal Department’s liaison with other corporate functions supporting all products and initiatives related to the Bank’s Structured Notes program.
- Coordinates closely with Head Office Legal department colleagues to help ensure consistency, where appropriate, with Scotiabank’s structured notes program in other jurisdictions and assist with maintenance of U.S. registered shelf.
- Reviews and negotiates underwriter and dealer agreements, accession letters, licenses and other related agreements, as well as drafts and maintains template agreements for the same for the Bank’s Structured Notes program.
- Monitors legal and regulatory developments, evaluates impact on all affected business areas, and coordinates and discusses as necessary with internal stakeholders.
- Serves as Legal stakeholder on working groups, managing projects and engaging with the firm’s advocacy efforts relating to regulatory issues and regulatory change.
- Advises internal stakeholders across the front office and other corporate functions in developing and implementing key strategic projects and new initiatives.
- Analyzes legal and regulatory issues and provides timely and well-researched work product on legal matters affecting the Bank’s Structured Notes program.
- Supports Scotiabank’s participation in various trade associations or other public forums and assists in drafting comment letters in response to proposed regulations affecting relevant areas.
- Contributes to efficient and effective relationships with outside counsel and manages legal costs and invoices.
- Understands how Scotiabank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Demonstrates a proactive approach to developing competency in unfamiliar practice areas.
- Pursues effective adherence to Scotiabank’s Values and its Code of Conduct, while ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational, compliance, sanctions and anti-money laundering (AML), and conduct risk.
- Perform other duties as assigned from time to time.
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
Director
