Scotiabank

Associate Director, US Securitization Banking - New York, NY

Scotiabank$225K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in securitization or structured finance
  • Demonstrated knowledge of securitization fundamentals, including esoteric ABS
  • Bachelor's degree in Business or related field; MBA/CPA/CFA preferred
  • Strong banking experience within a Structured Finance environment
  • Proficiency in Word, Excel, and PowerPoint with strong communication skills
  • Experience in credit analysis and legal document review
  • Series 63 and 79 licenses preferred

Responsibilities

  • Champion a customer-focused culture to enhance client relationships
  • Lead term ABS engagements by coordinating with issuers and deal teams
  • Manage the lifecycle of securitization transactions, including drafting applications
  • Coordinate with various departments for transaction closing and updates
  • Negotiate terms and documentation with borrowers and banks
  • Assist junior team members in creating pitch books and marketing materials
  • Maintain the existing portfolio with annual reviews and restructurings

Benefits

  • Flexible benefit programs to support various health and family needs
  • Empowerment for employees to reach their potential
  • Commitment to inclusive and accessible environments
  • Focus on holistic well-being for work-life balance
  • Opportunities for diversity and equity advocacy
Full Job Description
Requisition ID: 247221

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, US Securitization Banking - New York, NY

Global Banking and Markets

Purpose
Contributes to the overall success of the Global Securitization team in the United States, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

What You'll Do
  • Champions a customer focused culture to expand and deepen client relationships and leverage broader Bank relationships, systems, and knowledge
  • Spearhead term ABS lead role engagements by working with issuers, deal counsels, rating agencies, 3rd party service providers, ABS syndicate and sales teams to execute transactions
  • Manage the lifecycle of securitization financing transactions including participation in organizational meetings, drafting of credit applications, review of critical transaction documents and coordination with internal and external partners.
  • Coordinates a variety of activities with the mid-office and back office including the closing of new and existing transactions, tracking of UCC expirations, and providing updates or changes to the terms or funding of deals as required.
  • Assists in negotiating terms and documentation with borrowers and other banks culminating in the closing of transactions.
  • Works with junior team members to prepares pitch books and marketing presentations in support of both the financing and term ABS opportunities
  • Works on maintaining the existing portfolio by drafting annual reviews and handling customers' requests for waivers, amendments, and restructurings of credit facilities, as well as coordinating the requisite reviews by risk management
  • Attends due diligence meetings and client market meetings
  • Reviews monthly servicer reports and monitors asset performance trends
  • 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 his/her 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 Guidelines for Business Conduct
  • Be an active ally and advocate for Diversity, Equity and Inclusion. Strengthen a culture centered around inclusion and creating a sense of belonging for all employees


What You'll Bring
  • Demonstrates sound knowledge of securitization fundamentals, with experience in [esoteric] ABS
  • Degree in Business or related field. MBA/CPA/CFA or other industry designation is helpful
  • Banking experience in a Structured Finance or related environment
  • Requires computer (Word, Excel, PowerPoint) proficiencies as well as excellent written and oral communication skills
  • Experience in credit analysis and familiarity with legal document review required
  • A high level of commitment and a strong sense of teamwork are needed to succeed in the role
  • Series 63 & 79 preferred


Interested?

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

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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