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.
    #J-18808-Ljbffr

Keywords: Scotiabank, New York , Director, Mortgage Backed Trading/Hedge Facilitation, US FICC, Global Banking & Markets - New York, Accounting, Auditing , New York, New York