Associate, US Fund Finance

Scotiabank; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

Scotiabank in New York seeks an Associate for its US Fund Finance desk to build and cultivate direct client relationships and source opportunities. You will structure, analyze, and execute fund finance transactions, manage onboarding, and collaborate with risk and operations to ensure timely closings.

The role requires 2+ years in fund finance, strong communication and relationship skills, and a client-focused, detail-oriented approach in a fast-paced environment.

Qualifications

• Minimum 2+ years of fund finance experience.
• Client focused mindset with strong relationship skills.
• Strong written and verbal communication abilities.
• Ability to manage priorities and meet deadlines under pressure.
• Creative, strategic thinker with a client-focused approach.
• Team player capable of cross-functional collaboration.
• Adherence to controls and internal procedures.
• Proficiency in Word, Excel and PowerPoint.
• FINRA licenses: Series 7, 79 and 63.

Responsibilities

• Structure and execute fund finance transactions for private funds.
• Analyze and perform due diligence to facilitate timely closings.
• Develop recommendations based on credit policies and risk appetite.
• Review loan documentation and monitor credits through annual reviews.
• Provide day-to-day account management and ensure documents are up to date.
• Collaborate with risk, counsel, and loan operations to complete transactions.
• Lead client onboarding process.
• Expand knowledge of sectors and bank products to identify cross-sell opportunities.
• Contribute to a high-performance, inclusive work environment.

Skills

Fund finance

Relationship management

Communication skills

Prioritization

Strategic thinking

Teamwork

Controls awareness

MS Office

FINRA licenses

Tools

Excel

PowerPoint

Word

Job description

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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.

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:
Scotia is seeking an Associate for its US Fund Finance desk. The group will be focusing on various fund finance opportunities. This banker will help build this business and be responsible for cultivating direct relationships for the bank and enabling us to further source and develop opportunities.

What You’ll Do:

• Structure and execute new fund finance transactions for private capital funds with a broad range of product offerings, including but not limited to subscription finance facilities, hybrid/NAV facilities, back-leverage facilities, BDC revolvers, and other esoteric structures.
• Structure, analyze, and perform due diligence to facilitate prompt execution of fund finance transactions that vary in complexity.
• Develop recommendations for the appropriate course of action based on analysis, internal credit policies/procedures and the Bank’s risk appetite.
• Review loan documentation and update internal system with pertinent transaction details and conduct regular monitoring of credits via annual reviews
• Provide day-to-day account management support and ensure client files, agreements and security documents, as well as funding are complete and up to date.
• Regularly working with risk management teams, internal/external counsel, , loan operation teams to ensure successful transaction execution.
• Lead client onboarding process.
• Expand on sector/industry and Bank product knowledge to identify trends and cross-selling opportunities within the sector.
• Actively contribute to a high performance and inclusive work environment

What You’ll Bring:

• Minimum 2+ years of fund finance experience .
• Client focused mindset with strong interpersonal skills. Well qualified candidates should have a successful track record of working on fund finance transactions.
• Strong communication and relationship management skills are a must along with effective written communication abilities.
• Ability to manage priorities and work under pressure to meet deadlines in a well-organized and detail-oriented manner with a pragmatic approach to problem solving through strong quantitative skills.
• Creative, and strategic thinker with a client-focused mindset who can identify and analyze potential opportunities in an everchanging market environment.
• Team player with the ability to manage priorities and work under pressure to meet deadlines while collaborating within a team and across organizational boundaries.
• Adherence to all controls processes and procedures
• Strong Word, Excel, PowerPoint
• Series 7, 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. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
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.