Associate Director, Corporate Banking, U.S. Financial Institutions Group

We are currently recruiting for an Associate Director position in our US Financial Institutions Group ( FIG ) in New York. The individual will work closely with the respective Director/Managing Director to manage client relationships.

The Associate Director will be responsible for handling all credit-related activities including: the completion of credit presentations, identifying lending and cross-sell opportunities, structuring loan transactions, building financial models, negotiating documentation and monitoring compliance and industry trends.

The role focuses on clients within the US FIG sector that have both domestic and international capital market needs. The Associate Director will also work closely with other GBM partners including Investment Banking, Risk Solutions, Debt Capital Markets, Foreign Exchange, Equity Capital Markets, Equity Derivatives and Global Business Payments.

Dimensions/Success Criteria

Success Criteria

Knowledge of all lending and non-lending products and processes to facilitate prompt execution of transactions

Working knowledge of other GBM product areas including Equity Capital Markets, Debt Capital Markets, Foreign Exchange, Corporate Solutions and Global Business Payments

In-depth understanding of the US Financial Institutions Industry is preferred

Ability to build, audit and/or modify complex financial models

Client Solution Focus

Demonstrates solid financial accounting knowledge

Provides succinct analysis of key risks and mitigants for existing or proposed new business with minimal supervision

Conducts thorough due diligence

Provides concise rationale supporting actions and recommendations

Completes effective client pitch books

Client Relationship

Maintains a professional approach in any client interaction

Business development capabilities

Clear communication with clients and internal/external contacts to effectively monitor accounts

Assists with client relationship management and contributes to cross sell activities

Teamwork

Flexible to demands of work and viewed as a valuable team resource

Promotes cooperation, teamwork, and professional internal and external relationships

Results Focused

Strong time management skills and driven to achieve timelines and goals

Ability to learn new concepts, processes and expand knowledge base

Process transactions in a timely manner with less direct oversight from supervisors

Exercises a good understanding of legal documentation and related issues

Multi-tasking is essential

Key Accountabilities

Structure, analyze and perform due diligence on transactions that vary in complexity with a deep understanding of credit products

Coordinate and work closely with other groups within GBM including Investment Banking, to assist with the preparation of marketing pitches

Help structure complex transactions and responsible for preparing client pitch books and term sheets

Develop recommendations for the appropriate course of action and prepare credit submissions for adjudication by Global Risk Management

Responsible for day-to-day account management on a number of client relationships including annual reviews, compliance reporting, trending and new credit requests

Expand industry and product knowledge while developing relationships with clients, lenders, bank counsel and third-party advisors/consultants within the US Financial Institutions Industry

Review, negotiate and structure credit agreements with external counsel culminating in the closing of transactions, including registration of collateral where applicable

Play a key role in the training, development and coaching of Analysts and Associates

Qualifications

5-7 years of corporate banking and/or credit experience

MBA, CFA or other relevant professional designation is highly preferred

Strong credit and financial modelling skills

Strong documentation and negotiation skills

Excellent communication skills, both written and verbal

Summary

Corporate Banking, a division of GBM, is involved in the relationship management function and is responsible for credit and risk management activities of our clients. These responsibilities include identifying and originating opportunities, structuring of appropriate solutions, managing the credit process, reviewing and negotiating the related documentation.

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.