Title:  Associate, GCM Banking, Global Banking and Markets - Toronto (12 Month Contract)

Requisition ID: 259710 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

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
Contribute to the overall success of Global Banking and Markets globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You'll Do:

• Starting with more basic clients, manage a very active portfolio of GCM clients, including preparing credit presentations, annual reviews, and new client requests for a portfolio of financial institutions, including money center banks, asset managers, broker dealers, governments, central banks/supranationals, clearers/depositories and other FIs.
• Manage numerous interim requests in a timely manner to support business units, including increases, reallocations and business justifications.
• Working with Directors and Associate Directors on complex credit and transactions/projects and provide support when necessary
• Liaise with trading desks, as well as Documentation, Legal, Onboarding, Credit Risk, and Market Risk teams in order to fulfill client requests. Team members within the group are the primary service contacts for the onboarding, credit execution and maintenance of client relationships.
• Be one of the team's primary service contacts for the onboarding, credit execution and maintenance of these client relationships
• Support GCM in meeting its target profitability metrics, including NIAT and RoRWA.
• Oversight of the negotiation and review of documentation for related transactions and onboarding of accounts for BNS, SCI, SBE and SCUSA
• Responsible for monitoring industry developments and supporting new business products / initiatives as required
• Be exposed to various aspects of the derivative, foreign exchange, precious metals, fixed income and equity business of GCM, and exposure to new business growth areas

What You'll Bring:

• 3+ years or relevant work experience, MBA and/or a CFA would be an asset
• Solid understanding of financial institutions and traded products, market risk concepts, and trading product and loan documentation (ISDA/CSA, GMRA, loan agreements, etc.).
• Excellent verbal presentation and written communication skills
• Ability to perform under pressure and meet tight deadlines
• Strong computer literacy
  

Role Dimensions:

• Credit execution for a diversified portfolio of 30 – 50 global financial institutions.
• Supporting capital markets business units (prime services, collateral funding & management, fixed income, currencies & commodities, etc.).
• Familiarity with Basel Accords, and regulatory landscape across North America, the UK, Europe and Asia.
• Keeping up with recent developments in the industry and for individual counterparties
• Negotiating credit-related terms in traded products documentation (ISDA.CSA, GMRA, etc.).

Work Arrangement:
This position is currently an onsite role, with the expectation that you will work at least 4 days a week in the office. Please note that this is subject to change based on the needs of the business.

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

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.

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

At Scotiabank, we value the unique skills and experiences everyone 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. 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.

Location(s):  Canada : Ontario : Toronto 

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.