About The Position

The Trade & Working Capital Intern will support in providing and executing the appropriate trade & working capital solution for clients. You will contribute to the overall success of Trade & Working Capital Solutions in ensuring specific client pitches, transactions, plans, initiatives are executed / delivered in support of the overall business strategies and objectives of Global Transaction Banking. You will ensure that all activities conducted follow governing regulations, internal policies and procedures.

Requirements

  • You are currently enrolled in post-secondary education.
  • You love to learn and envision yourself working for an international organization that heavily invests in your future.
  • You enjoy being involved in extracurricular activities such as conferences, clubs, competitions, and/or hackathons.
  • You have proven negotiation, active listening, analytical and problem-solving skills.
  • You have concern and regard for managing operational and enterprise risk.
  • You come with experience in credit analysis, risk assessment, and structuring
  • You have excellent written and oral communication skills
  • You have an understanding of the cross-border nature of trade & working capital solutions
  • You are interested in a client facing role with ongoing deliverables and tight deadlines

Responsibilities

  • Work closely with Director & Head and Associate Directors, Trade & Working Capital Solutions Specialist and act as a subject matter expert
  • Champion a client focused culture to develop the most appropriate solution that enhances the overall client relationship and leverage internal and external stakeholder relationships, systems and knowledge. (e.g. legal, credit, operations)
  • In collaboration with Director & Head and Associate Directors, Trade & Working Capital Solutions, responsible for providing solutions to clients across Canada and US.
  • Contribute to the clients’ and GTB business goals by providing the right solution, that retains and increases the overall profitability of the client relationship while maintaining an acceptable level of risk
  • In close collaboration with the TMO and GBM RM, identify market trends that could drive new opportunities to prepare and deliver client pitches, structure and analyze new transactions
  • In close collaboration with TMO and GBM RM, grow and expand existing programs and handle customer requests for new issuances of Trade and Working Capital instruments, amendments of existing credit facilities, complete risk assessments and prepare credit presentations/recommendations
  • Review Trade & Working Capital Product terms and credit/legal documentation in conjunction with internal and external Legal Counsel, culminating in the closing of transactions
  • Lead end-to-end product onboarding of new clients by coordinating with internal partners (TMO, Corporate Banking, GRM, Execution, Operations, GBM Onboarding).
  • Identify and provide risk mitigation strategies such that, the risk of any Trade & Working Capital Solution is within the Bank’s risk appetite and our risk culture
  • Pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the, 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

  • You’ll be part of a diverse, collaborative, innovative, and high-performing team.
  • In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
  • Exclusive student events such as Scotia Student Day, Lunch & Learns, leadership panels, and much more!
  • Bank-wide orientation to learn more about Scotiabank and gain exposure to senior leadership across the organization.
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