Director - Esoteric ABS Structuring

 

 

 

Requisition ID: 223570

 Salary Range: 300.000,00 - 300.000,00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

 

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

 

TITLE: Director, Esoteric ABS Structuring

 

DUTIES: The Bank of Nova Scotia seeks Director, Esoteric ABS Structuring in New York, NY to drive a customer-focused culture throughout their team to deepen client relationships and leverage broader bank relationships, systems, and knowledge. Analyze the risk profile of transactions and put processes in place to manage those risks. Foster new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups. Direct day-to-day activities in a manner consistent with the bank’s risk culture and the relevant risk appetite statement and limits. Communicate the bank’s risk culture and risk appetite statement throughout teams. Create an environment for teams to pursue effective and efficient operations in their respective areas in accordance with Scotiabank’s values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance, Anti-Money Laundering (AML)/Automatic Transfer of Funds (ATF)/sanctions and conduct risk. Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors. Communicate vision, values, and business strategy, while managing succession and development planning for the team. Provide comprehensive collateral and structural analytics for ABS (Asset Backed Securities) conduit and term deals, client pitches, whole loan sales, and portfolio valuations. Create propriety cashflow models covering existing and potential clients. Close interaction with banking coverage teams and key transaction parties like issuers, syndicate, trading, rating agencies, accountants, and attorneys. Analytical support for credit applications through cash flow modeling and performance analysis using specialized skills and tools like Intex, CAS, and Excel VBA.

 

REQUIREMENTS: Master’s degree or foreign equivalent in Finance or a related field and four (4) years of experience in the job offered or related occupation: analyzing Collateral Data Tapes to create stratification tables, replines, performance data, and tie out numbers with accountants and issuers utilizing CAS tool; evaluating new transaction collateral and rating agency criteria to determine most efficient bond structure; utilizing Intex DealMaker and Excel/VBA to optimize capital structures with targeted bond sizing and credit enhancements, which pass rating agency stresses, and provide best execution; negotiating enhancement levels and performance triggers with rating agencies to achieve desired ratings, including working with agencies on new asset classes to help develop methodologies; running and tying-out collateral strats, replines, ysoc, pricing cashflows, and credit risk retention (CRR) with accountants; reviewing deal documents for completeness and work with lawyers to make required changes; and answering investor structural questions and facilitating their internal credit committee requests. 10% travel required nationally/internationally. FINRA Series 63 required. FINRA Series 7TO required. Telecommuting and/or working from home may be permissible pursuant to company policies. When not telecommuting, must report to work site. Offered salary is between $300,000 and $300,000 per year. 40 hours per week.

 

QUALIFIED APPLICANTS: Please apply directly through our website https://www.scotiabank.com/careers by searching for Director, Esoteric ABS Structuring & indicate job code MD031225WEB.

Location(s):  United States : New York : New York City

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

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