Associate Director, Legal Counsel, Structured Finance Group

About the role

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture. 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.

Responsibilities

• Provides legal support to various securitization businesses, including ABS, CMBS, RMBS, and CLOs.
• Assists with coverage in the Structured Finance Group, including warehouse lending, direct lending, residential mortgages, commercial real estate finance, and whole loans trading.
• Drafts and negotiates documentation relating to the above businesses.
• Reviews and uplifts firm policies in coordination with the Compliance department relating to securitizations.
• Maintains awareness of legal and regulatory developments, evaluates their impact on securitizations and other Global Banking and Markets businesses, and coordinates discussions as necessary with internal stakeholders.
• Serves as Legal stakeholder on working groups, managing projects and engaging with the firm’s advocacy efforts relating to regulatory issues and regulatory change.
• Advises internal stakeholders across the front office and other corporate functions in developing and implementing key strategic projects and new initiatives.
• Analyzes legal and regulatory issues and provides timely and well-researched work product to clients on legal matters affecting the securitizations businesses.
• Supports Scotiabank’s participation in various trade associations or other public forums.
• Contributes to efficient and effective relationships with outside counsel and manages legal costs and invoices.
• Understands how Scotiabank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Pursues a proactive approach to developing competency in unfamiliar practice areas.
• Pursues effective adherence to Scotiabank’s Values and its Code of Conduct, while ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational, compliance, sanctions, and anti-money laundering (AML), and conduct risk.

Requirements

J.D. and licensed attorney in good standing admitted or otherwise authorized to practice law in the state of New York or in the state of Texas. Position to be based either in Houston, Texas, or Dallas, Texas on a hybrid schedule.

Qualifications

• 3+ years of securitizations legal experience with a large international law firm and/or financial institution.
• Strong interpersonal, analytical, influencing, and communication skills.
• Excellent judgement, writing skills, and presence.
• Self-starter, effective under pressure, proactive, and flexible.
• Subject matter expertise of securitization processes and regulations, including securitization vehicles and regulations relating thereto.
• Comprehensive understanding of corporate, securities, creditor, finance, and bankruptcy law, including related legal and regulatory considerations (including ’33 Act, ’34 Act, Rule 144A and other private placement exemptions).

Skills

• Understanding of how Scotiabank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Ability to preserve confidentiality and exercise discretion.

Benefits

Not specified.

Pay

Not specified.

Schedule

Hybrid schedule based in either Houston, Texas, or Dallas, Texas.