Associate, ABS Structuring / Global Securitization

Scotiabank; New York (NY); On-site; USD 165,000 - 195,000; Full time

Job summary

Scotiabank in New York City seeks an Associate for ABS Structuring / Global Securitization to support Conduit and Term ABS transactions and structuring efforts.

The role collaborates with Global Securitization teams, conducts cash flow modeling, prepares credit material, and develops client materials. A strong ABS background and FINRA licenses are preferred. This is a full-time position in a dynamic capital markets group.

Qualifications

• Deep ABS product and modelling knowledge.
• 2+ years structuring experience.
• Ability to multi-task, manage priorities, and meet deadlines.
• Self-motivated with the ability to work independently.
• Strong verbal and interpersonal skills.
• FINRA – SIE, Series 79 and 63.

Responsibilities

• Drives a customer focused culture to deepen client relationships and leverage bank resources.
• Understands and manages risk within transactions and risk appetite.
• Builds and maintains client relationships across product groups.
• Oversees day-to-day activities ensuring risk controls and governance.
• Leads development of market materials and ABS offering documents.
• Develops cash flow models and conducts transaction analysis.

Skills

ABS product knowledge

ABS modeling

Excel modeling

PowerPoint

Intex

Bloomberg

FINRA SIE Series 79 63

Multi-tasking

Prioritization

Communication skills

Independent work

Teamwork

Tools

Excel

Bloomberg

Job description

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Requisition ID: 268973

Salary Range:165,000.00-195,000.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Associate, ABS Structuring / Global Securitization

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Capital Markets and Investment Banking platform with a competitive presence across the Americas, operating globally over 100 years. Scotiabank’s strong US 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 including transaction banking and trade finance solutions.

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 to every future!

Purpose:

Provides support for ABS structuring in the U.S., ensuring (1) alignment with the strategy and objectives defined by Global Securitization and (2) initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Fostering collaboration with other structuring teams to establish strong connectivity globally.

What You’ll Do

• Drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understands the risk profile of transactions and puts processes in place to manage those risks.
• Fosters new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups.
• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
• Creates an environment in which his/her team pursues effective and efficient operations of his/her 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.
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vision/values/business strategy; and, managing succession and development planning for the team
• Support the origination of, and responsible for, the structuring of Conduit and Term ABS transactions
• Transaction execution functions will include warehouse financing and capital markets deal processing, with specific responsibility for financial modeling, structural and collateral diligence and analysis, credit analysis, and interaction with internal credit department, capital markets syndicate team, clients, attorneys, rating agencies and other internal and external parties involved in Conduit and ABS transactions
• Review and negotiation of transaction legal documents
• Develop marketing materials and presentations for clients
• Develop ABS offering materials including stratifications, arrange for third party service providers
• Build cash flow models for transaction analysis
• Prepare written credit summaries and present to credit committee
• Due diligence of existing and potential clients that includes reviews of the operations, strategy, and asset and financial performance
• Manage annual credit reviews of facility warehouses
• Work on special projects as directed

What You’ll Bring

• Deep ABS product and modelling knowledge and experience, including technical proficiency with MS Excel modeling, PowerPoint, Intex, and Bloomberg
• 2+ years structuring experience
• Ability to multi-task, manage priorities, and meet deadlines
• Self-motivated with the ability to work independently, and also work well within a small team environment
• Strong verbal and interpersonal skills
• FINRA – SIE, Series 79 and 63

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): United States : New York : New York City

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.