Director, Financial Institutions - Securitizations

Global Banking and Markets Global 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! Overview As a valued leader in the Financial Institutions Securitizations corporate credit team, you will be exposed to deal flow that is diverse in terms of industry, structure, geographic area and business risks. The Securitization portfolio is comprised of complex, highly structured credits, which support the various special purpose, bankruptcy remote SPV relationships of BNS’s asset backed commercial paper conduits or funded on balance sheet. You will perform in depth review and analysis of loans and provide recommendations to the VP &/or SVP Credit or Senior Credit Committee. Tasks include: risk analysis, portfolio monitoring, deal structuring, negotiation with stakeholders, preparation of credit presentation recommendations and presentation at Senior Credit Committee. The Director oversees the Securitizations portfolio for Global Risk Management, reporting to a VP, with overarching responsibility to ensure the efficient and effective maintenance of the portfolio at an acceptable level of risk by exercising sound credit judgement, ensuring business strategies and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. What You’ll Do Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Adjudicate on credits, managing a portfolio of assigned accounts, either directly or through your team, including responsibility for management, preparation and presentation of credit recommendations, to mitigate the risk of losses to the Bank, including review of trading documentation. Conduct industry analysis, lending guideline reviews and special projects for submission to senior management, including preparation of board-level reports. Provide recommendations to senior executives and present/participate in discussions in Corporate Senior Credit Committees as required. Demonstrate a high degree of knowledge on program sponsors, industry and product knowledge/expertise and ensure the well-founded, profitable growth and ongoing quality of the portfolio. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Create an environment in which the team 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. Partner with the Vice President in building a high-performance environment through training and mentoring. Assist in implementing a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and, managing succession and development planning for the team. What You’ll Bring MBA, CMA, CFA or CA Designation preferred, combined with progressive credit or corporate banking experience. Solid knowledge of credit, and the structures and protections required for complex securitization credits, including understanding external rating agency methodologies for securitizations and awareness of tax, legal and accounting rules in various jurisdictions. Superior skills in financial analysis and risk assessment, including for the unique attributes of securitization structures. Experience with a broad spectrum of originators. Broad understanding of a number of industries and markets which the securitization vehicles support (e.g., consumer, digital, automotive, credit cards, leasing, retail, healthcare, etc.). Strong knowledge of legal documentation (ISDA, securitization documentation). Thorough knowledge of the Bank’s lending policies, procedures, practices and regulatory requirements an asset. Technology skills to effectively leverage a variety of data management systems combined with understanding of risk rating models and capital implications. Ability to debate the merits and shortfalls of credit proposals with Bankers, Senior Management of GRM and Senior Credit Committee, approving/declining or providing recommendations as appropriate which requires highly developed written and presentation skills. Strong strategic influencing and relationship building skills to deal with senior executives, banking customers and other stakeholders. Strong people management skills with demonstrated commitment to coaching and developing staff. Interested? If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 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

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