Director, Investment Grade Credit Trading

Scotiabank; New York (NY); On-site; USD 270,000 - 330,000; Full time

Job summary

Scotiabank in New York City is seeking a Director for Investment Grade Credit Trading to lead the US cash trading desk within Global Banking & Markets. The role focuses on client relationships, revenue growth, risk-aware trading, and adherence to bank controls.

You will coordinate cross-asset activities, maintain inventories, and ensure compliance with regulatory and internal standards while supporting strategic initiatives in a high-performance culture.

Qualifications

• Bachelor's degree in Commerce, Finance, Economics, Mathematics or related discipline.
• CFA designation an asset.
• Licenses: SIE, Series 7 and Series 63; NFA Swap Proficiency within 30 days.

Responsibilities

• Contributes to US Investment Grade Cash Trading Desk goals and initiatives.
• Champions a customer-focused culture to deepen client relationships.
• Support the Debt Capital Markets franchise through secondary bond trading.
• Manage trading inventories and generate revenues in line with risk limits.

Skills

Financial literacy

Written and verbal communication

Multitasking

Time management

Education

Bachelor’s degree in Commerce/Finance/Economics/Math

Job description

Requisition ID: 264141

Salary Range: 300,000.00 - 300,000.00

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.

Title: Director, Investment Grade Credit Trading

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

Contributes to the success of the US Investment Grade Cash Trading Desk which is a part of Global Fixed Income ensuring specific individual goals, plans, and initiatives are executed/delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies, and procedures.

What You’ll Do

• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Support the Debt Capital Markets franchise through trading in the secondary bond market
• Drive revenue and trading volumes through interactions with our clients and prudent risk taking
• Fosters new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Manage trading inventories and generate trading revenues in compliance with limits and the bank’s risk profile.
• Actively 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.
• Champions a high performance environment and contributes to an inclusive work environment.

What You’ll Bring

• Holds relevant bachelor’s degree (Commerce, Finance, Economics, Mathematics or related discipline)
• CFA designation an asset
• SIE, Series 7 and Series 63 licenses.
• Associated Person of swap dealer. NFA Swap Proficiency Requirement within 30 days
• Strong financial and computer literacy
• Strong written and verbal communication skills
• Ability to multitask, excellent problem resolution and time management skills

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. If you require technical assistance, please click here. 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.