Jobs · Business Development · New York

Associate Director, US Securitization Banking - New York, NY

Scotiabank · New York, NY · 2 wk ago
Business DevelopmentFull-time

About the role

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

Responsibilities

  • 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
  • Carefully coordinate 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 prepare 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

Requirements

  • 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

Qualifications

  • A high level of commitment and a strong sense of teamwork are needed to succeed in the role
  • Series 63 & 79 preferred

Skills

  • Securitization fundamentals
  • Structured Finance experience
  • Strong communication and negotiation skills
  • Proficiency in Word, Excel, PowerPoint
  • Experience in credit analysis and legal document review

Benefits

Details about benefits will be provided upon request.

Pay

$225,000.00 per year

Schedule

Full-time

Similar jobs