Director, Mortgage Trading - Scotiabank
New York City, NY
About the Job
Director, Mortgage Trading
Requisition ID: 208215
Salary Range: 300,000.00 - 300,000.00
_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 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, Mortgage Backed Trading/Hedge Facilitation, US FICC, Global Banking & Markets – New York, NY
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. 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 : Contributes to the overall success of the FICC trading businesses through a hedge facilitation effort supporting the newly established mortgage origination lending effort in the Scotiabank Houston Branch. The role is to ensure specific individual goals, plans, and initiatives are executed/delivered in support of the team’s business strategies and objectives. Also ensures all activities comply with governing regulations as well as internal policies and procedures.
What You’ll Do
+ Facilitate TBA (to be announced) hedges in the agency mortgage interdealer broker market as directed by the mortgage originating clients on a best efforts basis
+ Focus on best execution from a pricing and cost basis to the client in dependable, extremely responsive, and accountable way
+ Work closely with the mortgage lending/banking team in the Houston Branch wrt the hedging activity, both the placing of the hedges and the execution of the unwinds along with levels and client satisfaction
+ Work under and within the Rates Trading desk in the U.S. while sharing rates strategy and insight into the rates environment with the clients as well as the client facing bankers
+ Through the best execution hedging activity help to improve the shareholder returns through the active revenue generation from the mortgage origination lending banking team
+ Develops and maintains internal relationships with key support groups; collaborates with all internal stakeholders to ensure new products/transactions are executed in accordance with Bank policies
+ Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
+ Understands the risk profile of customer transactions and puts processes in place to manage those risks
+ Protects the bank from loss and/or exposure to unnecessary risks through strict compliance with applicable policies and regulations as applicable
+ Actively pursues effective and efficient operations of his/her respective areas while ensuring the adequacy and effectiveness of day-to-day business controls in order to meet operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk obligations
+ Ensures the team operates in accordance with Scotiabank Values, Code of Conduct, and Global Sales Principles
+ Mentors and trains junior team members; leads by example in maintaining high standards of diligence and performance
+ Builds a high-performance team and implements a people strategy that attracts, retains, develops, and motivates by using coaching mindset and behaviors, communicating vision, values, and business strategy as well as managing development and succession planning for the team
What You’ll Bring
+ Bachelor’s Degree in a financial discipline
+ 5+ years of experience in Fixed Income Trading with a comprehensive understanding of the mortgage backed securities product universe
+ Series 7 and 63 licenses
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 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, 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.
Requisition ID: 208215
Salary Range: 300,000.00 - 300,000.00
_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 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, Mortgage Backed Trading/Hedge Facilitation, US FICC, Global Banking & Markets – New York, NY
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. 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 : Contributes to the overall success of the FICC trading businesses through a hedge facilitation effort supporting the newly established mortgage origination lending effort in the Scotiabank Houston Branch. The role is to ensure specific individual goals, plans, and initiatives are executed/delivered in support of the team’s business strategies and objectives. Also ensures all activities comply with governing regulations as well as internal policies and procedures.
What You’ll Do
+ Facilitate TBA (to be announced) hedges in the agency mortgage interdealer broker market as directed by the mortgage originating clients on a best efforts basis
+ Focus on best execution from a pricing and cost basis to the client in dependable, extremely responsive, and accountable way
+ Work closely with the mortgage lending/banking team in the Houston Branch wrt the hedging activity, both the placing of the hedges and the execution of the unwinds along with levels and client satisfaction
+ Work under and within the Rates Trading desk in the U.S. while sharing rates strategy and insight into the rates environment with the clients as well as the client facing bankers
+ Through the best execution hedging activity help to improve the shareholder returns through the active revenue generation from the mortgage origination lending banking team
+ Develops and maintains internal relationships with key support groups; collaborates with all internal stakeholders to ensure new products/transactions are executed in accordance with Bank policies
+ Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
+ Understands the risk profile of customer transactions and puts processes in place to manage those risks
+ Protects the bank from loss and/or exposure to unnecessary risks through strict compliance with applicable policies and regulations as applicable
+ Actively pursues effective and efficient operations of his/her respective areas while ensuring the adequacy and effectiveness of day-to-day business controls in order to meet operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk obligations
+ Ensures the team operates in accordance with Scotiabank Values, Code of Conduct, and Global Sales Principles
+ Mentors and trains junior team members; leads by example in maintaining high standards of diligence and performance
+ Builds a high-performance team and implements a people strategy that attracts, retains, develops, and motivates by using coaching mindset and behaviors, communicating vision, values, and business strategy as well as managing development and succession planning for the team
What You’ll Bring
+ Bachelor’s Degree in a financial discipline
+ 5+ years of experience in Fixed Income Trading with a comprehensive understanding of the mortgage backed securities product universe
+ Series 7 and 63 licenses
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 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, 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.
Source : Scotiabank