Director, Senior Legal Counsel, Structured Finance Group

About the role

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture. Purpose: Contributes to the overall success of the U.S. Legal Department with primary responsibility for a wide range of Structured Finance matters within the Global Banking and Markets division, with a particular focus on securitizations and asset-backed securities offerings, and for providing legal advice, services and counsel on issues affecting the Bank's U.S. operations.

Responsibilities

• Provides legal support to the businesses in the Structured Finance Group, with a focus on asset-backed securitizations (ABS including RMBS, CMBS and CLOs).
• Drafts and negotiates structured finance documentation relating to the above businesses.
• Supports the development, structuring, regulatory analysis, of new products and business initiatives within the Structured Finance Group and acts as the Legal Department’s liaison with other corporate functions supporting these products and initiatives.
• 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 the Structured Finance Group and other Global Banking and Markets businesses, and coordinates and discusses 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 Structured Finance Group.
• Supports Scotiabank’s participation in various trade associations or other public forums and assists in drafting comment letters in response to proposed regulations affecting the Structured Finance Group.
• 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 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 New York, New York, Houston, Texas, or Dallas, Texas on a hybrid schedule.

10+ years of securitization legal experience with a law firm 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 (ABS including CMBS, RMBS, CLOs) 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.

Able to preserve confidentiality and exercise discretion.