Associate, Structured Credit (CLO) Banking

 

 

 

Requisition ID: 233968

 Salary Range: 145,000.00 - 175,000.00 

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: Associate, Structured Credit (CLO) Banking 

Global Banking and Markets

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. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose:

Scotia is seeking an Associate CLO banker for its structured credit group. The group will be focusing on both broadly syndicated and middle market CLOs. This banker will help build this business and be responsible for cultivating direct relationships for the bank enabling us to further source and develop opportunities. 

What You’ll Do: 

• Structure and execute new issue CLO transactions with a broad range of issuers and investors across the credit spectrum, including broadly syndicated loan CLOs and middle market / private credit CLOs.
• Negotiate and structure CLO warehouses and lending facilities, working closely with external counsel, rating agencies as well as internal legal, risk and credit teams.
• Partner closely with syndicate, sales, trading, and capital markets teams across the organization to help educate, develop, and advise clients on the CLO market.

 

What You'll Bring:

• Bachelor's degree

• Minimum 1.5 years to 2+ years of CLO Banking, lending, structuring and/or collateral management experience across broadly syndicated loans and/or direct lending / middle market, private credit assets.
• Client focused mindset with strong interpersonal skills.  Well qualified candidates should have a successful track record of working on CLO transactions. 

• Strong communication and relationship management skills are a must along with effective written communication abilities.

• Ability to manage priorities and work under pressure to meet deadlines in a well-organized and detail-oriented manner with a pragmatic approach to problem solving through strong quantitative skills.
• Creative, and strategic thinker with a client-focused mindset who can identify and analyze potential opportunities in an everchanging market environment.
• Team player with the ability to manage priorities and work under pressure to meet deadlines while collaborating within a team and across organizational boundaries.

• Adherence to all controls processes and procedures

• Full working knowledge of:
• CLO Rating Agency models and methodologies
• Intex Calc and Intex DealMaker
• Strong Word, Excel, PowerPoint and Bloomberg skills
• Series 7, 79 and 63

 

Interested? 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their d