Associate Director | Director Mortgage Capital Markets (Residential Securitization Banking)

Requisition ID: 242713

Salary Range:225000.00-300000.00

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 candidates relevant knowledge skills and experience.

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

Associate Director Director: Mortgage Capital Markets (Residential Securitization Banking)

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. Scotiabanks 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!

Overview:

Contributes to the overall success of the Mortgage Capital Markets team in the United States ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted follow governing regulations internal policies and procedures.

Partner with Head of Residential Securitization Banking to coordinate RMBS activity for the origination / securitization / trading and distribution of the RMBS product globally. The group focuses on U.S. residential mortgage participants including originators aggregators servicers REITS asset managers and investors.

What Youll Do:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
• Fosters new and existing client relationships in addition to cross-selling existing relationships across other areas and product groups.
• Spearhead term RMBS lead role engagements by working with issuers deal counsels rating agencies third-party service providers syndicate and sales teams to execute transactions.
• Source new mandates and lead the day-to-day transaction execution process.
• Coordinate a variety of activities with the middle-office and operations teams including the closing of transactions
• Create impactful pitch books and marketing presentations in support of the mortgage financing and capital markets platform.
• Review monthly servicer reports track new issue pricing / collateral characteristics and monitor asset performance trends.
• Help train and develop Analysts and Associates to ensure proficiency in managing the full transaction lifecycle including structuring execution and closing while building deep expertise in RMBS market dynamics deal structures and related securitization concepts.
• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of respective areas while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk regulatory compliance risk AML/ATF risk and conduct risk including but not limited to responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Strengthen a culture centered around inclusion and creating a sense of belonging for all employees

What Youll Bring

• Demonstrate sound knowledge of mortgage financing fundamentals with experience across asset classes including Agency Prime Jumbo Non-QM/DSCR Second Lien Seasoned Residential Transition Loans Credit Risk Transfer
• Degree in Business or related field. CFA MBA or other industry designation is preferred
• Prior experience in mortgage capital markets / mortgage warehouse financing strongly preferred
• Requires computer (Word Excel PowerPoint Bloomberg Intex) proficiencies as well as excellent written and oral communication skills
• High degree of attention to detail is critical
• Familiarity with legal document review required
• A high level of commitment collaboration and a strong sense of teamwork are needed to succeed in the role
• Roll-up sleeve attitude to support the team and internal stakeholders in a new business build and help where needed
• Ability to prioritize make timely and sound judgments and succinctly communicate with senior management
• Series SIE 7 63 & 79 to be obtained in due course

Interested

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): 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.