Director, Esoteric ABS Structuring

 

 

 

Requisition ID: 196607

 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, ABS Structuring / Global Securitization, Global Banking & Markets – New York, NY 

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: Provides leadership, strategic direction and oversight for Esoteric ABS structuring in the U.S., ensuring (1) alignment with the strategy and objectives defined by Global Securitization and (2) initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Fostering collaboration with other structuring teams to establish strong connectivity globally.

 

What You’ll Do 

• Support the origination of, and responsible for, the structuring of esoteric “off-the-run” Conduit and Term ABS transactions
• Transaction execution functions will include warehouse financing and capital markets deal processing, with specific responsibility for financial modeling, structural and collateral diligence and analysis, credit analysis, and interaction with internal credit department, capital markets syndicate team, clients, attorneys, rating agencies and other internal and external parties involved in Conduit and ABS transactions
• Review and negotiation of transaction legal documents
• Develop marketing materials and presentations for clients
• Develop ABS offering materials including stratifications, arrange for third party service providers
• Build cash flow models for transaction analysis
• Prepare written credit summaries and present to credit committee
• Due diligence of existing and potential clients that includes reviews of the operations, strategy, and asset and financial performance
• Manage annual credit reviews of facility warehouses
• Work on special projects as directedDrives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understands the risk profile of transactions and puts processes in place to manage those risks.
• Fosters new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups.
• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
• Creates an environment in which his/her team pursues effective and efficient operations of his/her 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, AML/ATF/sanctions and conduct risk. 
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.

 

What You’ll Bring 

• Deep ABS product and modelling knowledge and experience, including technical proficiency with MS Excel modeling, PowerPoint, Intex, and Bloomberg
• 5+ year