Associate, Loan Trading / Credit Trading - New York, NY

Associate, Loan Trading / Credit Trading - New York, NY

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. 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.

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 Credit Trading department in the United States within the Global Capital Markets division by supporting primary and secondary loan trading activity from execution through settlement. The role ensures accurate risk capture, trade lifecycle management, and timely reporting, while maintaining full compliance with governing regulations, internal policies, and operational controls across loan trading activities.

Accountabilities

Handle all operational aspects of the loan trading business from trade execution through closing, including trade booking, confirmations, settlement coordination, and issue resolution. Identify opportunities to enhance reporting, automate processes, and improve trading desk efficiency through technology and workflow optimization. Drive project-based initiatives in front office loan operations relating to the bank's strategic build in Leveraged Finance Origination. Analyze and support primary and secondary bank loan trades, ensuring accurate trade capture, position maintenance, and risk exposure across trading systems in compliance with market regulations and internal controls. Compile and distribute daily flash reports, including detailed trade blotters, outstanding positions, cash movements, and end-of-day P&L for traders, management, and control partners. Work closely with Risk Management to monitor issuer, facility, and counterparty exposure, assessing potential risks based on liquidity, credit ratings, concentrations, and market conditions. Collaborate with Middle Office, Back Office, Operations, and Technology teams to resolve trade discrepancies, improve workflow efficiency, and ensure timely and accurate trade settlement. Coordinate amendment and waiver execution across traders, research teams, legal, and middle office, ensuring documentation terms are accurately reflected in systems and positions. Liaise between the Syndicate team and Sales desk on new deal originations, repricings, refinancings, and secondary distributions, ensuring allocations are valid, counterparties are onboarded, and trading relationships are properly established. Understand how the Bank's risk appetite and risk culture apply to day-to-day activities and proactively escalate issues that may expose the firm to operational, market, or compliance risk. Actively contributes to effective and efficient operations in line with the Bank's Values, Code of Conduct, and Global Sales Principles, while supporting strong controls related to operational, compliance, AML/ATF/sanctions, and conduct risk. Champions a high-performance and inclusive work environment through collaboration, accountability, and continuous process improvement.

What You'll Bring

Bachelor's degree in Finance, Economics, Business, or a related discipline. 58+ years of experience in loan trading support, middle office, operations, or capital markets operations preferred. Strong understanding of syndicated loans, primary and secondary loan markets, and trade lifecycle processes. Familiarity with risk concepts including exposure limits, liquidity risk, and counterparty risk. Experience working with loan trading, booking, or settlement systems preferred. Strong attention to detail, analytical skills, and ability to manage multiple priorities in a fast-paced trading environment. Knowledge of regulatory and compliance requirements related to capital markets activities is an asset.

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 City