Senior Manager, Financial Institutions - Securitizations

Scotiabank • New York, NY

1d • $120,900 - $231,400 • Onsite

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! The Senior Manager, Financial Institutions - Securitizations, Global Risk Management, reporting to the Director, while operating in a team based environment, is responsible for the maintenance and sound asset growth of a portfolio comprised of securitizations, in US, Canada and Mexico. The Senior Manager adds value to the overall management of the Bank’s loan portfolios through the timely and accurate adjudication of credits within established underwriting guidelines and policies. The Senior Manager will be dealing with senior management and banking counterparts in the Bank’s offices globally and will be exposed to significant and varied deal flow. Given a diverse range of risks in the portfolio and regular interaction with a variety of internal contacts, the Senior Manager benefits from an environment which fosters continuous learning and development and, from an opportunity to make a positive contribution to the Bank as a credit expert.

Requirements

• Experience in Securitizations structuring from either a Credit Risk, Corporate Banking or Ratings Agency background is essential.
• While MBA, CMA, CFA or CA Designation is preferred, equivalent industry/credit analysis experience will be considered.
• Knowledge of credit risk policies, products, processes preferred.
• Understanding of derivative products, deal structuring, due diligence & documentation, legal & accounting principles.
• Ability to make decisions and appropriate recommendations to senior management and effectively support such recommendations.
• Customer centric focus.
• Strong analytical and technical skills with attention to detail.
• Excellent writing and presentation skills.
• Curiosity, ability to learn, and to apply newly acquired knowledge to daily tasks.
• Strong time management and organizational skills to manage multiple (often shifting) priorities in a fast-paced environment.
• Good negotiation and problem-resolution skills to reach agreements with business line partners.
• Excellent interpersonal, relationship building and communication skills.

Responsibilities

• Liaise and maintain strong working relationship with Global Securitizations personnel in Toronto and New York, and Corporate Banking execution in Mexico involved in securitizations structuring.
• Review pertinent external rating agency criteria and perform in depth assessment of program structure and performance of incoming credit applications.
• Ensure all proposed credit exposures are in compliance with the established guidelines and limits, and provide rationale for exceptions.
• Provide recommendations to senior executives and participate in discussions in Senior Credit Committees.
• Prepare authorizations to communicate the terms and conditions of transactions.
• Review documentation governing credit facilities as required (i.e., ISDA trading documentation).
• Conduct industry analysis and lending guideline policy reviews for submission to senior management, including preparation of board-level reports.
• Develop a high degree of knowledge/expertise of securitizations structuring by various asset classes.
• Maintain knowledge of program sponsors and industries, by continuous monitoring of available financial and industry information and discussions with Global Securitizations officers.
• Provide accurate data in a timely manner as requested by the various Bank offices/departments to satisfy regulatory and quarterly/monthly reporting requirements.
• Work on projects and special reviews as assigned by senior management.

Benefits

• A competitive compensation and benefits package.
• Internal development to support your growth and enhance your skills.
• A rewarding career path with diverse opportunities for professional development.
• Flexible benefit programs designed to help support your unique family, financial, physical, mental, and social health needs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior