Scotiabank Seeks Associate for its Structured Credit (CLO) Banking Team
Scotiabank, a leading bank in the Americas, is currently on the lookout for a talented and experienced Associate to join its Structured Credit (CLO) Banking team. This position holds Requisition ID: 233968, and the salary range is projected to be between $155,000 and $185,000. However, it is noteworthy that the actual salary offered will be contingent on the successful candidate’s relevant expertise, skills, and experience. Here is a link to the original job posting.
Join a High-Performing Team at Scotiabank
Joining the team at Scotiabank means becoming a part of a purpose-driven, winning team that is committed to delivering results. The bank prides itself on fostering an inclusive and high-performing culture. For over a century, the Global Banking and Markets (GBM) division at Scotiabank has been a leading player in Canadian Capital Markets and Investment Banking. It has also established a rapidly growing presence in the US and Latin America.
Global Banking and Markets: A Brief Overview
The GBM provides a comprehensive range of investment banking, credit, and risk management products and services that cater to the financing and strategic developmental needs of its clients. The services offered by GBM include debt and equity financing, corporate banking, mergers and acquisitions, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious metals. Additionally, GBM also cross-sells the full range of wholesale products and services offered by the Scotiabank Group.
Role of the Associate, Structured Credit (CLO) Banking
The primary purpose of hiring an Associate for its structured credit group is to focus on both broadly syndicated and middle market CLOs. The Associate is expected to help build this business and cultivate direct relationships for the bank, enabling Scotiabank to source and develop opportunities further.
Key Responsibilities
The responsibilities of the Associate, Structured Credit (CLO) Banking at Scotiabank will include structuring and executing new issue CLO transactions with a broad range of issuers and investors across the credit spectrum. The Associate will also be responsible for negotiating and structuring CLO warehouses and lending facilities, working closely with external counsel, rating agencies, and internal legal, risk, and credit teams. Furthermore, the Associate will partner closely with the syndicate, sales, trading, and capital markets teams across the organization to educate, develop, and advise clients on the CLO market.
Who is the Ideal Candidate?
The ideal candidate for this role should have a minimum of 1.5 years to 2+ years of experience in CLO Banking, lending, structuring, and/or collateral management. The candidate must also possess a client-focused mindset, strong interpersonal skills, and a successful track record of working on CLO transactions. Strong communication and relationship management skills are essential, along with effective written communication abilities.
Additional Skills and Qualifications
The candidate should have the ability to manage priorities and work under pressure to meet deadlines in an organized and detail-oriented manner. A creative and strategic thinker with a client-focused mindset, the candidate should be able to identify and analyze potential opportunities in an ever-changing market environment. The candidate should also be a team player with full working knowledge of CLO Rating Agency models and methodologies, Intex Calc and Intex DealMaker, and strong Word, Excel, PowerPoint, and Bloomberg skills.
Working at Scotiabank
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are, and embraced for their differences. With a focus on holistic well-being, Scotiabank’s flexible benefit programs are designed to support the unique family, financial, physical, mental, and social health needs of their employees. The bank is committed to creating and maintaining an inclusive and accessible environment for everyone.
Location
The role is based in the United States, specifically in New York City.
Scotiabank is guided by its purpose: “for every future,” helping its 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.
Please note that only those candidates who are selected for an interview will be contacted.
For more information on this role and how to apply, click Here.
