Associate Director, Structured Credit Repo Trader

Associate Director, Structured Credit Repo Trader

Requisition : 264617

Salary Range: -

Scotiabank's Repo business operates within the Global Financing division, alongside Prime Services and FCM. Supported by dedicated teams in London, Dublin, New York, and Toronto, it is a growing, client‑focused business committed to building strategic partnerships that align with the bank's broader objectives. This role supports the global sales and trading activities of the repo business across structured credit products, including Collateralized Loan Obligations (CLOs), Asset‑Backed Securities (ABS), Commercial Mortgage‑Backed Securities (CMBS), and Residential Mortgage‑Backed Securities (RMBS).

The position requires direct, hands‑on experience with these products, as deep technical expertise is essential to engaging effectively with both internal partners and external clients.

• Trade & risk management:
  Price, execute, and manage repo risk across securitized product clients.
• Client engagement:
  Evaluate and deliver tailored repo opportunities to a diverse client base.
• Stakeholder partnership:
  Maintain strong working relationships with internal market risk and counter party credit risk teams.
• Product growth:
  Contribute to strategic projects that expand the repo product suite and capabilities.

• Daily pricing of repo trades across the securitized product spectrum.
• Active monitoring of the repo portfolio, ensuring risk and return remain aligned with mandates.
• Identify opportunities to optimize and enhance returns, improve liquidity, and manage balance sheet usage.
• Cross‑team collaboration with senior traders, the broader repo desk, and secondary sales teams.
• Provide market insights and timely views on dynamics, liquidity conditions, and pricing trends.
• Focus on enhancing infrastructure by supporting the development of internal analytics and tools.

• Product expertise: 2+ year experience directly in CMBS, RMBS, ABS, and CLO products.
• Client network:
  Established client and market relationships and a proven track record in client‑facing trading.
• Analytical rigor:
  Strong quantitative, modelling, and problem‑solving skills.
• Technical fluency:
  Familiarity with structured credit vendors, tools, pricing platforms, and risk systems.

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: United States:
New York, New York City

Scotiabank is an equal‑opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.