Associate, Investment Banking, Leveraged Finance

About the role

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

Responsibilities

• Champion a client-centric focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge to deliver solutions that Scotiabank can provide within the Non-Investment Grade Finance product suite, including high yield bonds and leveraged loans.
• Coordinate with other groups within GBM, such as banking coverage (both financial sponsor and industry coverage), credit / risk, underwriting / execution, and sales & trading.
• Develop and maintain effective industry relationships with legal counsel, external parties, clients (in collaboration with senior coverage officers).
• Evaluate and analyze the debt financing needs of corporate and sponsor-backed clients.
• Track market conditions, with a focus on the leveraged credit markets, and drive the creation of client-friendly materials.
• Evaluate peer capital structures and financings executed in market to identify opportunities with Scotiabank clients.
• Oversee alongside an Analyst the underwriting and approval process for both corporate and sponsor-backed financings, with responsibility for transaction overviews, summarizing financing terms, cash flow modeling (cases with multiple drivers), evaluating syndication prospects.
• Prepare questions and drive due diligence sessions to evaluate credit risk of proposed transactions, identifying key credit risks / mitigants and evaluating customary “quality of earnings” reports.
• Oversee transaction structuring and execution efforts, with increasing levels of responsibility and accountability over time.
• Review of financing documents, including commitment letters, fee letters, engagement letters, credit agreements and offering memoranda. Summarize key terms and covenants for purpose of reviewing transaction feasibility and distribution prospects. Lead dialogue with external counsel during drafting process.
• Perform comprehensive financial statement analysis and create and maintain models, with a focus on LBO cash flow modeling.
• Drive the creation of high-quality presentation materials to support client discussions around new business opportunities, including generating new content.
• Oversee the development of Analysts and junior talent across GBM as it relates to interfacing with Leveraged Finance.
• Apply product and capital markets knowledge to help clients achieve their financial objectives.
• Actively contribute to a high-performance and inclusive work environment.

Requirements

2-4 years’ work experience in Leveraged Finance, preferably with lead-left execution and underwriting experience across both corporate and sponsor-backed issuers.

Bachelor's or Master's Degree in Business, Finance, Math, Engineering, Economics, Science or Technology.

Experience with commitment letters, fee letters, engagement letters, credit agreements and offering memoranda.

Strong written and verbal communication skills.

Strong knowledge of dynamics of institutional term loan and high yield markets in the US.

Excellent command of Microsoft Suite, with an emphasis on Excel and PowerPoint.

Excellent command of industry standard market data sources, such as Credit Sights, LCD News, Bloomberg, and other sources.

A high level of attention to detail.

A high level of energy and a keen desire to learn new concepts, build a platform, and enhance banking skillset.

Obtain and maintain required FINRA registration and licensing appropriate to your functions and responsibilities.