Director, Mortgage Backed Trading/Hedge Facilitation, US FICC, Global Banking & Markets - New York
Company: Scotiabank
Location: New York
Posted on: March 4, 2025
Job Description:
Title: Director, Mortgage Backed Trading/Hedge Facilitation, US
FICC, Global Banking & Markets - New YorkRequisition ID:
208215Salary 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.Global 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.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 a dependable, extremely responsive, and accountable
way.
- Work closely with the mortgage lending/banking team in the
Houston Branch regarding 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
shareholder returns through active revenue generation from the
mortgage origination lending banking team.
- Develop and maintain internal relationships with key support
groups; collaborate with all internal stakeholders to ensure new
products/transactions are executed in accordance with Bank
policies.
- Understand how the Bank's risk appetite and risk culture should
be considered in day-to-day activities and decisions.
- Understand the risk profile of customer transactions and put
processes in place to manage those risks.
- Protect the bank from loss and/or exposure to unnecessary risks
through strict compliance with applicable policies and
regulations.
- Actively pursue effective and efficient operations of
respective areas while ensuring the adequacy and effectiveness of
day-to-day business controls to meet operational risk, regulatory
compliance risk, AML/ATF risk, and conduct risk obligations.
- Ensure the team operates in accordance with Scotiabank Values,
Code of Conduct, and Global Sales Principles.
- Mentor and train junior team members; lead by example in
maintaining high standards of diligence and performance.
- Build a high-performance team and implement 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
- 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 CityAt 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
during the recruitment and selection process, please let our
Recruitment team know. 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.
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Keywords: Scotiabank, New York , Director, Mortgage Backed Trading/Hedge Facilitation, US FICC, Global Banking & Markets - New York, Accounting, Auditing , New York, New York
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