Associate Director, Structured Credit Repo Trader

 

 

 

Requisition ID: 264617

 Salary Range: 155,000.00 - 225,000.00 

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.

 

Associate / Associate Director, Structured Credit Repo Trader
 
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
Scotiabank's Repo business operates within the Global Financing division, alongside Prime Services and FCM. Supported by dedicated teams in London, Dublin, New York, and Toronto, it is a growing, client-focused business committed to building strategic partnerships that align with the bank's broader objectives. This role supports the global sales and trading activities of the repo business across structured credit products, including Collateralized Loan Obligations (CLOs), Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), and Residential Mortgage-Backed Securities (RMBS). The position requires direct, hands-on experience with these products, as deep technical expertise is essential to engaging effectively with both internal partners and external clients.

 

Key Objectives

• Trade & risk management: Price, execute, and manage repo risk across securitized product clients.
• Client engagement: Evaluate and deliver tailored repo opportunities to a diverse client base.
• Stakeholder partnership: Maintain strong working relationships with internal market risk and counterparty credit risk teams.
• Product growth: Contribute to strategic projects that expand the repo product suite and capabilities.

 

Responsibilities

• Daily pricing of repo trades across the securitized product spectrum.
• Active monitoring of the repo portfolio, ensuring risk and return remain aligned with mandates.
• Identify opportunities to optimize and enhance returns, improve liquidity, and manage balance sheet usage.
• Cross-team collaboration with senior traders, the broader repo desk, and secondary sales teams.
• Provide market insights and timely views on dynamics, liquidity conditions, and pricing trends.
• Focus on enhancing infrastructure by supporting the development of internal analytics and tools 

 

Skills & Experience

• Product expertise: 2+ year experience directly in CMBS, RMBS, ABS, and CLO products
• Client network: Established client and market relationships and a proven track record in client-facing trading.
• Analytical rigor: Strong quantitative, modelling, and problem-solving skills.
• Technical fluency: Familiarity with structured credit vendors, tools, pricing platforms, and risk systems.

 
Interested?
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
 

What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, fin