Requisition ID: 262724
Salary Range: 225,000.00 - 225,000.00
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.
Associate Director, CMF Product Development
Global Banking and MarketsGlobal 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!
PurposeThe Associate Director, CMF Product Development will contribute to the overall success of the CMF and Prime Services businesses globally, ensuring specific individual goals, plans and initiatives are delivered in alignment with the global business' strategies and objectives. They will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.
What You'll Do:- Steer and oversee the strategic development of CMF's products.
- Oversee the rollout of key business initiatives and product improvements across Global Financing in Global Capital Markets.
- Lead the evaluation and implementation of market structure changes to position the business proactively and capture upcoming opportunities.
- Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Drive global CMF initiatives and work closely with a wide range of stakeholders, providing direction to ensure alignment with strategic business plans, ensuring delivery of efficient and effective solutions.
- Collaborate with global CMF desks to deliver on repo sales and trading automation and electronification, market access (e.g. brokers, venues, models), improve controls/processes, create avenues for revenue generation, client execution and shareholder value add.
- Provide clear direction to Technology teams to deliver trading-aligned solutions, ensuring platforms support real-time decision-making, automation, and scalable growth across repo and financing products.
- Own business engagement with external vendors, FinTech partners to deliver strategic capabilities in alignment with business priorities.
- Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct.
- Contributes to a high-performance environment and fosters an inclusive work environment; supporting the vison/values/business strategy for the team.
What You'll Bring:- Deep knowledge of the margin financing industry with a focus on Fixed Income securities
- Understanding of front, middle and back office functions within the global financing infrastructure
- Experience of relevant regulatory environments impacting the industry
- Strong product knowledge and product/client experience across Repo and Prime Services
- Process and system knowledge, ideally with prior experience of Anvil and LoanOne
- Strong excel skills, or other, to support data analysis
- Strong multitasking skills to effectively manage multiple business programmes
- Collaboration with different departments within a bank, including Risk, Operations and Technology, as well as external vendors and FinTechs
- Ability to articulate product plans and collaborate with senior stakeholder partners
- Familiarity with SFT collateral optimization frameworks, funding efficiency metrics, capital usage considerations within Global Financing
- Demonstrated ability to work across business and technology teams to deliver scalable solutions
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
