Associate Director, Structured Credit Repo Trader

Requisition ID: 264617

Salary Range:155000.00-225000.00

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 / Associate Director Structured Credit Repo Trader

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!

Purpose
Scotiabanks Repo business operates within the Global Financing division alongside Prime Services and FCM. Supported by dedicated teams in London Dublin New York and Toronto it is a growing client-focused business committed to building strategic partnerships that align with the banks broader role supports the global sales and trading activities of the repo business across structured credit products including Collateralized Loan Obligations (CLOs) Asset-Backed Securities (ABS) Commercial Mortgage-Backed Securities (CMBS) and Residential Mortgage-Backed Securities (RMBS). The position requires direct hands-on experience with these products as deep technical expertise is essential to engaging effectively with both internal partners and external clients.

Key Objectives

• Trade & risk management: Price execute and manage repo risk across securitized product clients.
• Client engagement: Evaluate and deliver tailored repo opportunities to a diverse client base.
• Stakeholder partnership: Maintain strong working relationships with internal market risk and counterparty credit risk teams.
• Product growth: Contribute to strategic projects that expand the repo product suite and capabilities.

Responsibilities

• Daily pricing of repo trades across the securitized product spectrum.
• Active monitoring of the repo portfolio ensuring risk and return remain aligned with mandates.
• Identify opportunities to optimize and enhance returns improve liquidity and manage balance sheet usage.
• Cross-team collaboration with senior traders the broader repo desk and secondary sales teams.
• Provide market insights and timely views on dynamics liquidity conditions and pricing trends.
• Focus on enhancing infrastructure by supporting the development of internal analytics and tools

Skills & Experience

• Product expertise: 2 year experience directly in CMBS RMBS ABS and CLO products
• Client network: Established client and market relationships and a proven track record in client-facing trading.
• Analytical rigor: Strong quantitative modelling and problem-solving skills.
• Technical fluency: Familiarity with structured credit vendors tools pricing platforms and risk systems.

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.

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.