Director, CLO BankingRequisition ID: 194788Salary Range: 300,000.00 - 300,000.00Please 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, CLO Banking - New York, NYGlobal Banking and MarketsGlobal 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 : Scotia is seeking a Director-level originator, transaction manager, and relationship CLO banker for its structured credit group. The group will be focusing on both broadly syndicated and middle market CLOs. This senior banker will help build this business and be responsible for cultivating direct relationships for the bank enabling us to further source and develop opportunities.What You’ll Do
Structure and execute new issue CLO transactions with a broad range of issuers and investors across the credit spectrum, including broadly syndicated loan CLOs and middle market / private credit CLOs.
Negotiate and structure CLO warehouses and lending facilities, working closely with external counsel, rating agencies as well as internal legal, risk and credit teams.
Partner closely with syndicate, sales, trading, and capital markets teams across the organization to help educate, develop, and advise clients on the CLO market.
What You’ll Bring
At least 5+years of CLO Banking, lending, structuring and/or collateral management experience across broadly syndicated loans and/or direct lending / middle market, private credit assets.
Well qualified candidates should have a successful track record of working on CLO transactions and experience in developing client relationships.
Strong communication and relationship management skills with the ability to summarize complex issues in a clear and concise manner, while also being able to explain the technical aspects of the CLO asset class.
Well organized and detail oriented with a pragmatic approach to problem solving through strong quantitative skills.
Creative, and strategic thinker with a client-focused mindset who can identify and analyze potential opportunities in an everchanging market environment.
Ability to manage priorities and work under pressure to meet deadlines while collaborating within a team and across organizational boundaries.
Full working knowledge of:
CLO Rating Agency models and methodologies
Intex Calc and Intex DealMaker
Strong Word, Excel, PowerPoint and Bloomberg skills
Series 7, 79 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 CityScotiabank 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.