Title:  Director, ABS Trading

Requisition ID: 196613

 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, Securitized Products Trading - ABS, 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: Scotiabank is seeking mid-level ABS trader for its structured credit group.  Under the direction of the head of securitized products trading, this trader will be responsible for building the ABS trading franchise – with a focus on Scotia-originated ABS transactions.  Well-qualified candidates should have a successful track record of trading ABS bonds across the credit and duration Spectrum.  Substantial interaction with clients is expected and this candidate should be comfortable doing this.  This candidate should be able to operate within existing risk limits, while generating secondary trading revenues from market making ABS products with institutional investors.  Existing relationships with ABS issuers is a plus.

What You’ll Do 

• Making markets in ABS securities
• Facilitating engagement with customers directly and with salesforce and banking
• Liaising with banking and syndicate on new issue opportunities/color
• Monthly/daily marks for customers as needed
• Potential travel/speaking at various industry conferences
• Representing the securitized products business at Scotia and supporting its growth
• Developing junior resources as needed
• Positioning and managing risk within limits framework as it evolves

What You’ll Bring 

• Bachelor's degree (master's degree a plus but not necessary)
• Working knowledge of transaction structures
• Strong risk management background
• Track record of profitable trading history
• Minimum of 5 years’ experience with ABS trading
• Working knowledge and some experience in ABS trading
• Effective communication skills are a must.
• Pragmatic approach to problem solving
• Client focused mindset - strong interpersonal skills
• Ability to manage priorities
• Ability to work under pressure
• Team player
• Adherence to all controls processes and procedures
• Series 7 and 63

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

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.