Associate, Investment Banking, Leveraged Finance
Requisition ID: 245420
Salary Range: 175,000.00 - 225,000.00
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.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Title : Associate, Investment Banking, Leveraged Finance / Non-Investment Grade Finance - New York, NY
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 : Responsible for executing on a broad range of non-investment grade financing transactions. Responsible for preparing client presentations and financial modeling. Work closely with the Analysts/Associate Directors to support the Directors/MDs in managing client relationships and supporting the needs of coverage bankers within industry groups. Provide ongoing training and coaching to Analysts. Contribute to the overall success of the team ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team's business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.
What You'll Do
Champion a client centric focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge to deliver solutions that Scotiabank can provide within the Non-Investment Grade Finance product suite, including high yield bonds and leveraged loans. Role will also include relationship management and cross collaboration such as:
Coordinating with other groups within GBM, such as banking coverage (both financial sponsor and industry coverage), credit / risk, underwriting / execution, and sales & trading
Developing and maintaining effective industry relationships with legal counsel, external parties, clients (in collaboration with senior coverage officers)
The day-to-day responsibilities include the following:
Evaluating and analyzing the debt financing needs of corporate and sponsor-backed clients
Tracking market conditions, with a focus on the leveraged credit markets, and driving the creation of client-friendly materials
Evaluating peer capital structures and financings executed in market to identify opportunities with Scotiabank clients
Oversee alongside an Analyst the underwriting and approval process for both corporate and sponsor-backed financings, with responsibility for transaction overviews, summarizing financing terms, cash flow modeling (cases with multiple drivers), evaluating syndication prospects,
Prepare questions and drive due diligence sessions to evaluate credit risk of proposed transactions, identifying key credit risks / mitigants and evaluating customary "quality of earnings" reports
Oversee transaction structuring and execution efforts, with increasing levels of responsibility and accountability over time
Review of financing documents, including commitment letters, fee letters, engagement letters, credit agreements and offering memoranda. Summarize key terms and covenants for purpose of reviewing transaction feasibility and distribution prospects. Lead dialogue with external counsel during drafting process.
Performing comprehensive financial statement analysis and creating and maintaining models, with a focus on LBO cash flow modeling
Drive the creation high-quality presentation materials to support client discussions around new business opportunities, including generating new content
Oversee the development of Analysts and junior talent across GBM as it relates to interfacing with Leveraged Finance
Applying product and capital markets knowledge to help clients achieve their financial objectives
Actively contribute to a high performance and inclusive work environment
What You'll Bring
2-4 years' work experience in Leveraged Finance, preferably with lead-left execution and underwriting experience across both corporate and sponsor-backed issuers
Bachelors or Masters Degree in Business, Finance, Math, Engineering, Economics, Science or Technology
Experience with commitment letters, fee letters, engagement letters, credit agreements and offering memoranda
Strong written and verbal communication skills
Strong knowledge of dynamics of institutional term loan and high yield markets in the US
Excellent command of Microsoft Suite, with an emphasis on Excel and PowerPoint
Excellent command of industry standard market data sources, such as Credit Sights, LCD News, Bloomberg, and other sources
A high level of attention to detail
A high level of energy and a keen desire to learn new concepts, build a platform, and enhance banking skillset
Obtain and maintain required FINRA registration and licensing appropriate to your functions and responsibilities
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 City || United States : California : San Francisco || United States : Florida : Miami || United States : Florida : Tampa || United States : Georgia : Atlanta || United States : Illinois : Chicago || United States : Louisiana : New Orleans || United States : Massachusetts : Boston || United States : Texas : Austin || United States : Texas : Dallas || United States : Texas : Houston
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At 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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.
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.
