Senior Manager, Global Capital Markets

Requisition ID: 228358

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

Scotiabank is Canadas most international bank with an international presence unmatched by other Canadian Banks. Our operations include providing a full range of financial products solutions and advice to retail small business and commercial customers in Latin America the Caribbean Central America and the Asia addition our partnerships with associated corporations in China Curacao Thailand and Venezuela provide an entire suite of personal commercial wealth management and insurance services to over 24 million customers globally.

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

Purpose

Contributes to the overall success of the International Banking - Business Banking and Capital Markets / GCM Banking in Toronto Canada ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations internal policies and procedures.

What Youll Do:

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.

The preparation of credit requests for new and existing counterparties which includes financial analysis and appropriate transaction structuring and risk mitigation as well as all other credit related requests to be submitted to Global Risk Management for adjudication and other internal approval groups. The Senior Manager is expected to be an expert of the inherent credit risks in the portfolio and will be responsible for some of the teams more complex requests and counterparties which generate the highest level of revenue. Also a Senior Manager needs to be available to step-in and provide seamless coverage of all accounts in the portfolio in the absence of any team member including the Director.

Provide ongoing credit and execution support for marketers/product teams and traders which includes supporting new business products/initiatives and processing their limit requests within the requested timeline. The Senior Manager will become the primary service contact for the onboarding credit execution and maintenance of these IB-GBM relationships for the assigned portfolio.

A strong interest in international issues including an awareness of global trade flows and business trends (economic technological social legal regulatory and political conditions and other factors) which could impact the financial viability of a client within the Departments global footprint.

The oversight of the negotiation and review of credit documentation such as the ISDA/CSA GRMA and GMSLA for new transactions and onboarding of new accounts for various Scotiabank entities. The Senior Manager will be aware of the standard terms that are acceptable to Scotiabank within these documents and will understand the mechanics of the terms.

In-depth knowledge of the Banks lending policies practices and procedures as well as proven credit judgement.

Strong communication skills both written and oral together with an ability to listen closely and ask relevant questions are needed in order to interact with the many internal and external stakeholders.

Ability to independently manage a portfolio of counterparties in various countries with varying banking sector dynamics jurisdictions accounting standards regulatory requirements etc.

Interpersonal and time management skills are essential as is a strong aptitude for understanding and managing operational risks that impact the credit function.

Actively using various Scotiabank and IB-GBM Management Information Systems trading and booking systems to provide accurate and relevant information as required.

It is essential for the Senior Manager to have a strong understanding of the regulatory framework of the relevant jurisdictions.

Liaise with and manage relationships with Global Risk Management Counterparty Credit Risk Market Risk Management Legal Tax Finance Compliance Global Wholesale Services Global Capital Markets Documentation and other Execution teams.

Collaborate with team members to share best practices and market insight to effectively manage the portfolio as a team. The Senior Manager is expected to actively mentor/train junior team members.

Senior Managers are expected to take initiative and challenge the status quo ultimately for positive change within IB Business Banking and Capita Markets / GCM Banking.

Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.

Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabanks 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.

What Youll Bring:

• Support IB-GBM / GCM Trading Desks Globally
• Work with multiple trading and client management systems (ALGO C360 CorrRisk Salesforce)

• The negotiation and review of documentation for related transactions for BNS SCI SBE SBI BNSAL and SCUSA
• Will liaise with GRM CCR MRM Legal Tax Finance Compliance GWS GCM Documentation and other Execution teams
• Prior Banking experience in a credit or execution related to regions such as Latin America Europe and Asia is considered an asset.
• Spanish is required
• University education or post-graduate education. An MBA or CFA is considered an asset

Work Arrangement:

Work in a standard office-based environment; non-standard hours are a common occurrence. No travel required.

Interested

If your experience is closely related but doesnt 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. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Whats 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): 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.