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Associate/ Associate Director, Securities Lending, Prime Services, Contract

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Job ID 99213 May. 24, 2019 London, United Kingdom
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Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace
Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.



Purpose
Contributes to the overall success of Prime Services globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.




Accountabilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Actively pursues effective and efficient operations of his/her 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 Code of Conduct.

Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Dimensions

Securities lending trader, working within the Prime Services team.

Responsibility for pricing, trading, collateral management, dividend exposure and regulatory compliance.

Ownership of designated European markets for client coverage and active matchbook trading. Additionally, expected to develop and promote global trading activity.

Daily interaction with internal and external clients; including hedge funds, agency lenders, broker dealers, vendors etc. 

Mitigate risk through effective exposure management processes and controls; working in partnership with key stakeholders including credit, risk management, product control, tax, senior management and operations. 

Promote the securities lending business throughout the industry and position Scotiabank for long-term opportunities.

Expectation to actively cross sell within prime services and other areas of the bank; liaising with relationship managers to improve the profitability of existing relationships. 

Align with internal business partners to ensure new business and clients can be serviced according to expectations.

Actively track and communicate counterparty and market intelligence to appropriate internal stakeholders.

Contributes to product development, marketing initiatives and trading opportunities based on data and market insights.

Experience/Education

Bachelor’s degree, Advanced degree MBA or CFA a plus though not essential

Solid relevant/transferable work experience

Good level of familiarity with Excel and general data manipulation e.g. VBA

High degree of self-motivation and initiative required to generate new business opportunities and maintain trading and sales momentum.

Candidate should be familiar with navigating large organizations to identify decision makers and influencers.

Excellent interpersonal, sales, negotiating and relationship management skills.





Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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