Title:  Associate Director, USD Funding Desk - Short-Term Asset Management

Requisition ID: 255668

 Salary Range: 120,900.00 - 231,400.00 

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.

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

The Associate Director, USD Funding Desk - Short-Term Asset Management, will play a critical role within the USD Short-Term Funding Desk of the bank located in New York City, in the investment optimization decision of the short-term liquidity of the bank and the internal lending to Capital Markets activities. The role involves strong collaboration with stakeholders and supporting the desk on key initiatives. 

What You'll Do

• Responsible for managing the short-term investment position in USD. The responsibility consists in assessing the upcoming business cash in and outflows and project the cash and cash-equivalent position in USD, making decisions on how to deploy assets into cash, reverse repurchase agreements and other highly liquid assets, within liquidity and risk limits. 

• Be the key contact to GCM trading desks for USD short-term funding; provide funding cost and ticket funding in internal systems.

• Be the main backup for pricing and trading the Bank’s unsecured and secured funding products, including Commercial Paper, Liberty Street -Program (ABCP) Yankee Certificate of Deposit.

• Assist with the execution of other money market functions to support the Desk in its market-facing activities and adherence to local and all-Bank level regulatory requirement.

• Lead desk operational efficiency initiatives. Collaborate with other internal stakeholders to find effective solutions to improve operations and inter-bank relationships. Keep abreast of new technologies to enhance operational workflow, booking systems. 

• Prepare market reports and ad-hoc presentations.

• Maintain team’s daily blotter.

• Coordinate with middle office, and back office to resolve ticket and booking issues.

• Perform regular reporting and reconciliations to substantiate balance sheet positions, desk’s PnL.

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursues effective and efficient operations of 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, AML/ATF/sanctions and conduct risk.

• Champion a high-performance environment and contributes to an inclusive work environment. 
  
  
  

What You’ll Bring 

• Experience in Money Market and Fixed Income, ideally for 5 to 10 years.
• Undergraduate degree or graduate degree in finance, economics or quantitative field.
• CFA, FRM or other financial designation preferred.
• FINRA Series required (or ability to obtain within 3 months): 7, 63. 
• Programing or automating skills in a professional environment preferred [enhance and automate existing processes].
• Experience with Bloomberg.
• Strong analytical skills including extensive facility with PowerPoint, Excel, Tableau, SQL, Python.
• Strong attention to detail and the ability to multi-task.
• Strong oral and written communication skills.
• Ability to work as a team member in a trading floor environment.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

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, financial, physical, mental, and social health needs.

#GBM

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.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Scotiabank is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.