Associate, Investment Banking - New York, United States - Scotiabank

Scotiabank

Verified Company

New York, United States

4 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Requisition ID: 196625

Salary Range: 175, ,000.00

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

Title:
Associate, Investment Banking, Financial Sponsors Group - US

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

Overview:

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 leveraged finance, equity capital markets, 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 daytoday 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 clientfriendly 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 sponsorbacked 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 highquality 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 Financial Sponsors
Actively contribute to a high performance and inclusive work environment

What You'll Bring:

The ability to manage multiple projects simultaneously with competing deadlines while maintaining a high standard of work.
Demonstrated ability to quickly adapt to new situations.
The ability to perform effectively in a team environment.
High professional standards including a strong sense of personal integrity and teamwork.
Flexible to d