Director, Senior Legal Counsel, Structured Finance Group (New York)

Requisition ID:
249932
Employee Referral Program – Potential Reward:
$5,000.00
Salary Range:
240,000.00 - 310,600.00
*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.*
We are committed to investing in our employees and helping you continue your career at Scotiabank.
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 U.S. Legal Department with primary responsibility for a wide range of Structured Finance matters within the Global Banking and Markets division, and for providing legal advice, services and counsel on issues affecting the Bank's U.S. operations.

What You’ll Do

• Provides legal support to the businesses in the Structured Finance Group, including warehouse lending, direct lending, residential mortgages, commercial real estate finance, whole loans trading, and securitizations (RMBS/CMBS).
• Drafts and negotiates structured finance documentation relating to the above businesses.
• Supports the development, structuring, regulatory analysis, of new products and business initiatives within the Structured Finance Group and acts as the Legal Department’s liaison with other corporate functions supporting these products and initiatives.
• Reviews and uplifts firm policies in coordination with the Compliance department relating to structured finance.
• Monitors legal and regulatory developments, evaluates impact on the Structured Finance Group and other Global Banking and Markets businesses, and coordinates and discusses as necessary with internal stakeholders.
• Serves as Legal stakeholder on working groups, managing projects and engaging with the firm’s advocacy efforts relating to regulatory issues and regulatory change.
• Advises internal stakeholders across the front office and other corporate functions in developing and implementing key strategic projects and new initiatives.
• Analyzes legal and regulatory issues and provides timely and well-researched work product to clients on legal matters affecting the Structured Finance Group.
• Supports Scotiabank’s participation in various trade associations or other public forums and assists in drafting comment letters in response to proposed regulations affecting the Structured Finance Group.
• Contributes to efficient and effective relationships with outside counsel and manages legal costs and invoices.
• Understands how Scotiabank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Demonstrates a proactive approach to developing competency in unfamiliar practice areas.
• Pursues effective adherence to Scotiabank’s Values and its Code of Conduct, while ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational, compliance, sanctions and anti-money laundering (AML), and conduct risk.
• Perform other duties as assigned from time to time.

What You’ll Bring

• J.D. and licensed attorney in good standing admitted or otherwise authorized to practice law in the state of New York or in the state of Texas. Position to be based either in New York, New York, Houston, Texas, or Dallas, Texas on a hybrid schedule.
• 5+ years of structured finance legal experience with a law firm or financial institution.
• Strong interpersonal, analytical, influencing and communication skills.
• Excellent judgement, writing skills, and presence.
• Self-starter, effective under pressure, proactive and flexible.
• Subject matter expertise of securitization processes (CMBS, RMBS) and regulations, including securitization vehicles and regulations relating thereto.
• Comprehensive understanding of corporate, securities, creditor, finance, and bankruptcy law, including related legal and regulatory considerations.
• Able to preserve confidentiality and exercise discretion.

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.

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Location(s): United States : New York : New York City