Description
Requisition ID: 214773
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Associate, Provincial / Commercial Paper Bond Trader, Global Banking and Markets – Toronto, ON
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
The Trader is responsible for overseeing a trading book and managing book risk, in coordination with the Trading team. The overall objective of this role is to ensure book trades deliver on budgeted revenues, and to coordinate with key stakeholders to develop the Provincial trading franchise.
What You’ll Do:
- Oversee a trading book and generate revenues and manage risk for the respective business.
- Coordinate with Sales, Trading, Bond Financing, Research, and Government Finance
- Trade a Provincial and/or commercial paper book and deliver on budgeted revenues and manage book risk.
- Establish and maintain key relationships to deliver trades to the desk.
- Anticipate client demand in each respective product/market.
- Coordinate with desk members as needed and with sales to develop the franchise.
- Leading strong governance and controls
- Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure.
- Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.
- Appropriately assess risk/reward of transactions when making business decisions, demonstrating proper consideration for the firm’s reputation.
- Be familiar with and adhere to Scotia’s Code of Conduct rules.
- Adhere to all policies and procedures as defined by your role which will be communicated to you.
- Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Scotiabank, its clients and assets
What You’ll Bring:
- Bachelor’s degree/University degree or equivalent experience
- Team driven and oriented
- Knowledge of respective products and clients
- Completion of the Canadian Securities Course (CSC) licensing is required as well as Canadian Practices Handbook (CPH)
- Advance analytical and numerical competency
- Consistently demonstrates clear and concise written and verbal communication
- Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
- Ability to analyze and pitch situations and determine suitable counterparties
- Knowledge of Bloomberg, booking systems, trading protocol
- Strong computer skills
Work Arrangement:
This position is currently an on-site role, with the expectation that you will work at least 4 days a week in the office. Please note that this is subject to change based on the needs of the business. #LI-Onsite #GCM2025
Interested?
If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply – you might be the right candidate for this or other roles at Scotiabank!
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): Canada : Ontario : Toronto
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, please click here. 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.
